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UPDATE 2-Fresh off E.ON-asset swap, RWE renewables outlook disappoints [Reuters]

RWE AG ORD S/ADR (RWEOY) 
Company Research Source: Reuters
UPDATE 2-Fresh off E.ON-asset swap, RWE renewables outlook disappoints - Reuters 3 Min Read * Goldman says renewable outlook looks “light” * Jefferies says 2020 forecasts may now be optimistic * RWE raises group outlook on UK capacity mechanism * RWE shares down 2.8% (Recasts, adds CFO quotes, context) By Christoph Steitz and Tom Käckenhoff FRANKFURT, Nov 14 (Reuters) - RWE AG, Germany’s largest power producer, gave profit forecasts for its renewables business that fell short of some analysts’ expectations, casting doubt over whether the booming sector will prove as lucrative as hoped. Fresh off a deal to acquire the renewable units from peer E.ON and former subsidiary Innogy, RWE said pro-forma adjusted core earnings from green energy operations would be 1.3 billion-1.5 billion euros ($1.4 billion-$1.7 billion) this year. “The guidance is likely to be seen as ‘light’,” Goldman Sachs said in a note, adding markets might be disappointed given the businesses had delivered about 900 mill Show less Read more
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