Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
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 djnews.frankfurt@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on RWE
07/13 RWE : Nurse students await issuance of notification for raise in stipend
07/07 Germany's Innogy enters Californian electric car charging market
07/03DJUK Energy Regulator Seeks Fairer, More Competitive Market
06/29 European shares slide as hawkish hints ruffle rate-sensitive sectors
06/29 RWE : Flex2Market allows back-up generators to tap into the electricity market
06/23DJRWE Executive Board Intends Special Dividend Amounting To EUR 1.00 Per Share ..
06/23 DGAP-ADHOC : RWE Aktiengesellschaft: RWE Executive Board intends special dividen..
06/21 Centrica looks to services, flexible energy for growth
06/20 RWE : redeems CHF 150 million hybrid bond as of the first cancellation date
06/20 DGAP-AFR : RWE Aktiengesellschaft: Preliminary announcement of the publication o..
More news
News from SeekingAlpha
06/07 German utilities anticipate big windfall after nuclear tax ruling
05/16 RWE's (RWEOY) Management on Q1 2017 Results - Earnings Call Transcript
05/15 RWE AG reports Q1 results
04/13 Repeated Strategic Blunders And Regulatory Risks Weighing On Centrica
03/31 The Market Is Wrong About KEPCO
Financials (€)
Sales 2017 46 260 M
EBIT 2017 3 418 M
Net income 2017 2 526 M
Debt 2017 12 457 M
Yield 2017 2,82%
P/E ratio 2017 4,71
P/E ratio 2018 11,44
EV / Sales 2017 0,50x
EV / Sales 2018 0,56x
Capitalization 10 733 M
Chart RWE
Duration : Period :
RWE Technical Analysis Chart | RWE | DE0007037129 | 4-Traders
Technical analysis trends RWE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 19,4 €
Spread / Average Target 9,3%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
RWE50.19%12 350
ENGIE12.21%38 110
SEMPRA ENERGY12.22%28 329
PPL CORP11.95%26 043