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4-Traders Homepage  >  Equities  >  Xetra  >  RWE    RWE   DE0007037129

RWE (RWE)
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RWE AG : RWE to Invest Solely in Renewable Energy - Report

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10/29/2013 | 06:42pm CEST

German utility RWE AG (RWE.XE) is set to change its strategy and invest solely in renewable forms of power generation, newspaper Handelsblatt says in an article released ahead of publication Wednesday, citing an internal document.

RWE Chief Executive Peter Terium wants no further investments in fossil-fueled powered plants, according to the German daily. In 2020, conventional forms of power generation should contribute no more than one fifth of the operating result, according to Mr. Terium's plans, the article says. He also wants to develop new business models for decentralized power distribution, Handelsblatt reports.

An RWE spokeswoman declined to comment on the report.

Germany is phasing out nuclear power and replacing fossil fuels by renewable sources of energy like wind and solar power, a policy that raised prices for electricity.

Newspaper website: http://www.handelsblatt.com

-Write to the Frankfurt Bureau at [email protected]

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Financials (€)
Sales 2017 45 776 M
EBIT 2017 3 491 M
Net income 2017 3 123 M
Debt 2017 7 559 M
Yield 2017 7,44%
P/E ratio 2017 4,59
P/E ratio 2018 12,86
EV / Sales 2017 0,43x
EV / Sales 2018 0,45x
Capitalization 12 198 M
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RWE Technical Analysis Chart | RWE | DE0007037129 | 4-Traders
Technical analysis trends RWE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 28
Average target price 21,2 €
Spread / Average Target 4,9%
EPS Revisions
Managers
NameTitle
Rolf Martin Schmitz Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Markus Krebber Chief Financial Officer
Frank-Detlef Drake VP, Head-Corporate Research & Development
Frank Bsirske Deputy Chairman-Supervisory Board
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