Previous close | 39.26 |
Open | 39.44 |
Bid | 39.35 x 410300 |
Ask | 39.34 x 177800 |
Day's range | 38.97 - 39.55 |
52-week range | 34.40 - 43.96 |
Volume | |
Avg. volume | 1,814,325 |
Market cap | 29.285B |
Beta (5Y monthly) | 0.75 |
PE ratio (TTM) | 1,312.33 |
EPS (TTM) | 0.03 |
Earnings date | 10 Aug 2023 |
Forward dividend & yield | 0.90 (2.30%) |
Ex-dividend date | 05 May 2023 |
1y target est | 51.20 |
RWEOY vs. ED: Which Stock Is the Better Value Option?
NRG vs. RWEOY: Which Stock Is the Better Value Option?
BERLIN (Reuters) -Germany's top utility RWE posted a surge in first-quarter profit on Thursday, citing soaring margins for its gas-fired power plants and a profit boost at its trading division, which was hit by Russia-related sanctions last year. Shares in RWE, which reaffirmed its 2023 guidance for core profit, were up 3.1%, at the top of Frankfurt's blue-chip index and hitting a three-month high. RWE cited "short-term power plant deployment of the international generation portfolio and higher generation margins".
Investors consider renewable energy stock options as funding for the sector is set to surge
ESSEN, Germany (Reuters) -RWE, Germany's biggest utility, pledged a higher dividend and more investments on Tuesday to expand its core renewables business, boosting its shares in pre-market trade. RWE has been relatively shielded from the energy crisis that gripped Europe last year, mainly due to its low exposure to Russian fuel imports, and was even able to expand in the U.S. renewables market via a $6.8 billion acquisition. Net investments of 4.4 billion euros ($4.7 billion) in 2022 would be exceeded this year, the company said, also announcing a dividend of 1 euro per share for 2023, an increase of 11% year-on-year.
The European Union Commission said Germany's new calculations of foregone profits which utility RWE will incur from closing some coal-fired power plants earlier than planned are "more conservative" than previously estimated, but it continued to be state aid which the EU needed to scrutinize. The commission said it would change the scope of an ongoing investigation into the 2.6 billion euros ($2.76 billion) Berlin intends to pay to RWE for phasing out coal-fired power plants in the Rhine lignite mining area close to Cologne. The commission had previously expressed doubts about whether it could approve the plans, which it views as state aids needing special justification, in light of anti-trust rules.
Britain’s energy industry risks “death by a thousand cuts” as tax raids, red tape and a constant "flip-flopping" on policy deter investment, the head of one of Britain's biggest power producers has warned.
FRANKFURT (Reuters) -RWE, Germany's biggest electricity provider, on Wednesday released preliminary full-year profit for 2022 that exceeded its forecast, citing weak wind conditions that favoured the use of its gas-fired power plants. Adjusted net income more than doubled to 3.2 billion euros, RWE said. Citing "higher earnings from short-term power plant deployment and higher international generation margins", core profit at the group's unit in charge of biomass, hydro power and gas plants more than tripled to 2.4 billion euros.
Here is how Consolidated Edison (ED) and RWE AG (RWEOY) have performed compared to their sector so far this year.
RWE AG (RWEOY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
The chief executive of RWE, Germany's top power producer, warned that gas and electricity prices in the country would remain at least twice as high as they were before the energy crisis despite government countermeasures. Speaking to newspaper Westdeutschen Allgemeine Zeitung, CEO Markus Krebber said that legislation due to take effect next year to fight soaring energy costs would not prevent the doubling of prices caused by the fallout from Russia's attack on Ukraine. Germany's lower house of parliament this month passed legislation worth an estimated 100 billion euros ($107 billion)to cap electricity and gas prices for households and industry from January.
Here is how Entergy (ETR) and RWE AG (RWEOY) have performed compared to their sector so far this year.
RWE AG (RWEOY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
RWE will build a 600-megawatt solar farm in Britain as part of plans to expand its renewables activities in the country, the German utility said on Tuesday. The project, called Tween Bridge solar farm, recently secured a capacity agreement with National Grid and will be located next to RWE's existing Tween Bridge onshore wind farm in Doncaster. The solar farm is expected to be operational by 2029.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
RWE AG (RWEOY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here is how AES (AES) and RWE AG (RWEOY) have performed compared to their sector so far this year.
CZWI, FCCO and RWEOY made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 6, 2022.
DTEGY, RWEOY, SLB, NKSH and FCCO have been added to the Zacks Rank #1 (Strong Buy) List on December 6, 2022.
If you are looking for stocks that are well positioned to maintain their recent uptrend, RWE AG (RWEOY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
BERLIN/FRANKFURT (Reuters) -German energy firm RWE has initiated arbitration proceedings against Russia's Gazprom over missing gas deliveries, a spokesperson for RWE said, without providing further details. The move comes after German utility Uniper last week launched an arbitration process in the hope of securing billions of euros in compensation from Gazprom over undelivered gas volumes. RWE's exposure to Russian gas supplies has been fairly low in comparison, covering 15 terawatt hours (TWh) by 2023, which has been reduced to 4 TWh since Russia began its invasion of Ukraine in late February.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The National Grid issued a surprise warning on its capacity for Tuesday night as British households were expected to increase energy consumption during the cold snap.
Walmart, Target, Marathon Refining, Stellantis and RWE AG are part of the Zacks top Analyst Blog.