REC Solar posted fourth-quarter module revenues of $176.6m, 18.5% up on the preceding three-month period, with earnings before interest, tax, depreciation and amortisation (Ebitda) up 11.3% at $16.7m.
The company produced 258MW in the quarter, but saw the average sales price of its modules fall 7.2% quarter-on-quarter due to currency effects and a higher volume of shipments to the utility sector.
Oslo-listed
