REC Silicon shifts sourcing to China — Panjiva


REC Silicon shifts sourcing to China

China 2916 Earnings 674 Energy - Renewables 167 Germany 228 Japan 575 Quote Watch 444 South Korea 553 Taiwan 191 U.S. 5235

REC Silicon reported a 19.5% year-over-year change in Q3 revenues that exceeded analyst expectations by 4.9%. Panjiva data shows that imports associated with the firm increased by just 1.0% year over year in the quarter, hitting supply chain headwinds that SVP Kurt Levens noted were also opportunities. Levens said that “incoming modules were severely hampered by the ongoing logistics issues,” but that it was an “opportunity to ship material to satisfy customer commitments that were interrupted.” REC Silicon imports are shifting towards mainland China, with that region seeing a 45.3% year...

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