Oslo, Norway – June 25, 2025 — Water Street Capital, one of the major shareholders in REC Silicon ASA, has released a public statement addressing the outcomes of the company’s Annual General Meeting (AGM) held earlier this week.
According to the statement, Water Street Capital expressed measured satisfaction with the direction the board is taking but emphasized the need for stronger shareholder returns and faster strategic execution in upcoming quarters. The AGM included critical votes on corporate governance, capital allocation, and the strategic roadmap for REC Silicon, a key supplier of high-purity polysilicon to the global solar and semiconductor industries.
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“We acknowledge REC Silicon’s improved operational metrics and growing relevance in the clean energy transition,” said a spokesperson for Water Street Capital. “However, we urge the board and management to accelerate decision-making around capacity expansion and to optimize long-term shareholder value.”
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REC Silicon has gained increased attention in recent years as the global demand for polysilicon grows amid the surge in solar panel production and efforts to localize semiconductor supply chains in the United States and Europe.
The statement by Water Street Capital follows mounting investor interest in companies like REC Silicon, which play a crucial role in the renewable energy supply chain. Market analysts suggest that shareholder activism could lead to strategic partnerships or even M&A activity in the near future.
The full results of the AGM, including board appointments and financial resolutions, can be found on the company’s investor relations page.