Streetbeat News

RWEOY

RWE AG

https://www.group.rwe/

CEO

Rolf Schmitz

Open

35.13

Mkt cap

26B

Volume

71K

High

35.23

P/E Ratio

8.53

52-wk high

39.28

Low

35.02

Div yield

0.03

52-wk low

28.68

RWE's share price has declined, but there's potential for growth by 2027 due to its strategic shift towards renewables and a planned exit from coal by 2030. Despite near-term challenges, its diversified portfolio and share buybacks support long-term growth.

Portfolio Pulse from

February 02, 2025 | 3:00 pm

RWE Aktiengesellschaft (RWEOY) held its Q3 2024 earnings call, discussing the company's performance in the first three quarters of the fiscal year. Key participants included CEO Markus Krebber and CFO Michael Muller, along with analysts from major financial institutions.

Portfolio Pulse from

November 16, 2024 | 9:45 pm

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher following a long-term power purchase agreement with RWE, supplying electricity from a wind project in Texas. This aligns with Rivian's goal for a carbon-free future and supports its fast-charging network with renewable energy.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2024 | 3:48 pm

TotalEnergies SE (NYSE:TTE) has acquired a 50% stake in two offshore wind projects in the North Sea from RWE AG, enhancing its renewable energy portfolio. The projects, with a combined capacity of 4 GW, will complement TotalEnergies' existing assets and are expected to be operational by 2031-2032. This move aligns with TotalEnergies' strategy to invest in low-carbon energies.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 3:11 pm

TotalEnergies SE (NYSE:TTE) reported Q2 adjusted EPS of $1.98, missing the consensus of $2.09, but sales of $53.74 billion topped the consensus of $46.35 billion. Hydrocarbon production fell 1% Y/Y, while the company saw a 4% decline in Exploration & Production and a 14% increase in Integrated LNG businesses. The Board decided to keep the second interim dividend at €0.79 per share for fiscal year 2024, a nearly 7% increase from 2023. TotalEnergies repurchased 28.1 million shares in Q2 2024 for $2 billion and approved a $2 billion share buyback for Q3 2024. The company anticipates hydrocarbon production of 2.4-2.45 Mboe/d and a refinery utilization rate above 85% in Q3 2024. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 10:55 am

European equities closed higher on Monday, driven by expectations of an imminent ECB rate cut. Key ECB members made statements supporting a rate cut in June. The euro inched higher, and major European indices saw gains. Notable stock movers included RWE AG, Bayer AG, Volkswagen AG, Enel, Iberdrola, Eni, Novo Nordisk, LVMH, ASML, Stellantis, Ferrari, and UBS.

Portfolio Pulse from Piero Cingari

May 27, 2024 | 5:55 pm

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