UBS AG has reiterated its "Buy" rating for RWE shares, with a target price of €49. Analyst Wanda Serwinowska has expressed optimism after meeting with RWE's Group CEO and CFO, discussing the potential impact of the upcoming US elections and new elections in Germany.
While the emergence of new gas and steam combined-cycle power plants in Germany is possible under certain conditions, a return to nuclear energy seems challenging. RWE shares have experienced a decline of 1.1%, reaching €31.09, which represents a 22.2% decrease since the beginning of 2024. Despite this decline, UBS's target price suggests a potential increase of 57.61%. So far, 570,749 RWE shares have been traded.
The company is scheduled to announce its Q4 2024 results on March 20, 2025.