REC Declines for Second Day as Gains Seen Excessive: Oslo Mover
This article is for subscribers only.
Renewable Energy Corp. ASA, the Norwegian solar-energy components maker, dropped for a second consecutive day as investors deemed this year’s gains excessive, according to Terra Markets AS.
REC fell as much as 5 percent in Oslo, the worst performer of the 25-member OBX Index, which was down 1.2 percent as of 11:51 a.m. local time. REC declined 4.3 percent to 4.29 kroner.