BUY signal confirmed!!
Fundamentaly the stock is solid. Strong short term and long term. If you look at pattern last month, we are probably looking to hit the roof in short term, most likely monday.
Market look bright for Rec silicon next years and many triggers follow. The moses lake factory are closed due to trade war with China, but US are working hard to make its own value chain in solar and batteries. Rec silicon har world leading in its field and largest outside of china. If you belive that EU and US will try to make their independenta from China regarding solar production, then i would place all my bets on Rec silicon asa. Once message about reopening the moses lake plant comes, stock will double. Recomend to read recent news. Huuuuuge potential. The factory that are still open , Butte, having an yearly ebitda on 30 musd minimum, but prices is rising, so is the demand. Whole company at mcap less then 1 b usd. Raplacemeny cost of the 2 factories is 1.7 b usd... nothing is priced inn at the moment... huge potential.
Market look bright for Rec silicon next years and many triggers follow. The moses lake factory are closed due to trade war with China, but US are working hard to make its own value chain in solar and batteries. Rec silicon har world leading in its field and largest outside of china. If you belive that EU and US will try to make their independenta from China regarding solar production, then i would place all my bets on Rec silicon asa. Once message about reopening the moses lake plant comes, stock will double. Recomend to read recent news. Huuuuuge potential. The factory that are still open , Butte, having an yearly ebitda on 30 musd minimum, but prices is rising, so is the demand. Whole company at mcap less then 1 b usd. Raplacemeny cost of the 2 factories is 1.7 b usd... nothing is priced inn at the moment... huge potential.
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