RWE AG: Green Growth Ahead [Seeking Alpha]
RWE AG ORD S/ADR (RWEOY)
NASDAQ:AMEX Investor Relations:
rwe.com/web/cms/en/105818/rwe/investor-relations
Company Research
Source: Seeking Alpha
The company aims to increase its generation capacity to over 65 gigawatts by the end of the decade, with organic growth and acquisitions. Phasing out thermal coal could lead to significant payroll reductions. In a previous article , back in early 2020, I identified RWE AG ( OTC:RWNEF OTCPK:RWEOY ) as an interesting long term investment on account of its potential to increase its profitability in the course of a strategic pivot towards renewable energy generation. The stock trades higher now than at the time of my initial article's publication, but significantly underperformed the broader market at large to date. Despite a very strong 2023 (€4.5 billion in net profits based on preliminary figures ), the stock price took a significant downturn recently, following lowered expectations for 2024. The company now expects 2024 earnings to be towards the lower end of its guidance, thus in the vicinity of € billion of adjusted EBITDA. While this is not exactly good news, I nonetheless b
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News
- RWE: Business Plan Unveils Growth Opportunities [Seeking Alpha]Seeking Alpha
- German Coal Mines Emit Much More Methane Than Reported, Study Says [Financial Post (Toronto, Ontario, Canada)]Financial Post
- German Coal Mines Emit Much More Methane Than Reported, Study Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Germany Shutters Seven More Coal-Fired Power Units [Yahoo! Finance]Yahoo! Finance
- CERAWEEK-U.S. offshore wind development costs 30% higher than Europe - RWE CEO [Yahoo! Finance]Yahoo! Finance