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Germany’s largest power producer, RWE AG, has initiated the sale of its 25.1% stake in grid operator Amprion GmbH, valued at approximately €2 billion ($2.1 billion). The company is reaching out to potential buyers, including infrastructure and pension funds, to assess interest in the minority share.
Renewable energy is set to gain momentum as coal producers pivot to solar projects, with Peabody targeting 5.5 gigawatts of solar and energy storage at former coal sites. The community solar movement is also expanding, supported by significant financing from firms like Pivot Energy. Meanwhile, 24 states, including Massachusetts, are advancing clean energy goals and reforming permitting processes to facilitate renewable infrastructure development.
RWE AG's CEO Markus Krebber expressed strong reservations about purchasing wind turbines from China, citing concerns over supply chain vulnerabilities. He highlighted the lengthy five-year lead time for offshore turbines, questioning the risks associated with such dependence on Chinese manufacturing for critical infrastructure.
UBS has reduced its target price for RWE AG to 45 euros while maintaining a 'Buy' rating. RWE, a major European energy group, generates 80.5% of its net sales from electricity and gas trading and distribution, with significant contributions from renewable energy (16.7%) and a small portion from fossil and nuclear power (2.8%). Geographically, the company’s sales are primarily from Germany (48.1%), the UK (26.8%), and Europe (19.5%).
UBS has reduced its price target for RWE from 49 to 45 euros while maintaining a "Buy" rating. Analyst Wanda Serwinowska has increased her operating earnings estimates through 2027 but is adopting a more cautious stance regarding the renewable energy pipeline, noting that rebuilding investor confidence is just beginning.
RWE AG stands as a prominent energy group in Europe, with 80.5% of its sales stemming from electricity and gas trading and distribution, totaling 159,679 GWh and 42,391 GWh respectively in 2023. Renewable energy production accounts for 16.7% of sales, generating 129,701 GWh from wind, solar, hydroelectric, and biomass sources. The company's sales are primarily concentrated in Germany (48.1%), followed by the United Kingdom (26.8%) and other regions.
UBS has reduced its price target for RWE from 49 to 45 euros while maintaining a "Buy" rating. Analyst Wanda Serwinowska has adjusted her operating earnings estimates through 2027, adopting a more cautious stance regarding the renewable energy pipeline as investor confidence begins to rebuild.
UBS has reduced its price target for RWE from 49 to 45 euros while maintaining a "buy" recommendation. Analyst Wanda Serwinowska has adjusted her operating earnings estimates through 2027, adopting a more cautious stance regarding RWE's renewable energy pipeline as investor confidence begins to rebuild.
RWE AG stands as a prominent energy group in Europe, with 80.5% of its sales derived from electricity and gas trading and distribution, totaling 159,679 GWh and 42,391 GWh respectively in 2023. Renewable energy production accounts for 16.7% of sales, generating 129,701 GWh from wind, solar, hydroelectric, and biomass sources. The company's sales are primarily concentrated in Germany (48.1%), followed by the United Kingdom (26.8%) and other regions.
UBS has maintained a "Buy" rating for RWE, setting a target price of 49 euros. Analyst Wanda Serwinowska noted positive insights following an investor meeting with RWE's CEO and CFO, highlighting potential developments in gas and steam power plants in Germany, while a nuclear revival appears challenging. In the U.S., RWE's risk management is reportedly well-positioned.
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