RWE is an electricity and gas company. The Conventional Power Generation segment consists of the activities of RWE Power, Essent and RWE npower. The Supply/Distribution Networks Germany segment supplies electricity, gas and heat. The Supply Netherlands/Belgium segment comprises the activities of Essent in the Netherlands. The Supply United Kingdom segment comprises the operations of RWE npower. The Central Eastern and South Eastern European segment contains activities in the Czech Republic, Hungary, Poland, Slovakia, Turkey and Croatia. The Renewables, Upstream Gas & Oil and Trading/Gas Midstream segments include the activities of RWE Innogy, RWE Dea and RWE Supply & Trading, respectively.
  • Ticker703712
  • ISINDE0007037129
  • SectorGas, Water & Multi-utilities
  • CountryGermany

Analysts

Jérôme VINERIER

Analyse court terme - RWE : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 16,364 €, puis 14,401 €. Le franchissement de 22,500 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - RWE : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €16.364, then €14.401. Passing €22.500 would question the continuation of the fall.

Jérôme VINERIER

Medium term view - RWE : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €16.300. A break below €13.600 would challenge the trend.

Jérôme VINERIER

Analyse moyen terme - RWE : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 16,300 €. La tendance serait remise en cause par la rupture de 13,600 €.

Tancrede Fulop

Morningstar | We Lower Our RWE FVE to EUR 17.40 on Additional Negative Information; Shares Fairly Valued

We further reduce our fair value estimate for RWE to EUR 17.40 from EUR 19.30 on additional negative information on the Hambach issue. RWE's reward/risk ratio has sharply deteriorated, but shares look fairly valued after the sell-off. We reiterate our no-moat, stable trend ratings. On the ZDF TV channel, RWE's CEO mentioned that in the worst-case scenario where RWE is not allowed to clear the forest and must therefore terminate the operations of its Hambach mine in the early 2020s instead of midcentury, the total negative financial impact would roughly amount to EUR 4 billion-EUR 5 billion. T...

RWE AG: Hambach forest ruling credit negative

A short comment on the impact of the court ruling on clearance of Hambach forest.

RWE AG: Update following a rating confirmation at Baa3/Ba2

Our credit view of RWE highlighting the company's exposure to generation market and potential transformation in the context of the transaction with E.ON.

Moody's confirms RWE's Baa3/Ba2 ratings, stable outlook

Moody's Investors Service (Moody's) has today confirmed the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The Prime-3 commercial paper ratings were also confirmed. The outlook on all the ratings is stable. This rating ...

Moody's reviews RWE's Baa3/Ba2 ratings for downgrade

Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The Prime-3 commercial paper ratings were also placed on review for downgrade. The rating re...

RWE AG: Innogy's announcement is credit negative for RWE, mitigated by improving business conditions

INFRASTRUCTURE AND PROJECT FINANCE ISSUER COMMENT 21 December 2017 RATINGS RWE AG LT Issuer Rating (Domestic) Baa3 Senior Unsecured MTN (Domestic) (P)Baa3 Other Short Term (Domestic) (P)P-3 Outlook Stable Source: Moody's Investors Service KEY METRICS: RWE AG (consolidated) 2014 2015 2016 FFO Interest Cover 4.0x

Tancrede Fulop

Morningstar | We Lower Our RWE FVE to EUR 17.40 on Additional Negative Information; Shares Fairly Valued

We further reduce our fair value estimate for RWE to EUR 17.40 from EUR 19.30 on additional negative information on the Hambach issue. RWE's reward/risk ratio has sharply deteriorated, but shares look fairly valued after the sell-off. We reiterate our no-moat, stable trend ratings. On the ZDF TV channel, RWE's CEO mentioned that in the worst-case scenario where RWE is not allowed to clear the forest and must therefore terminate the operations of its Hambach mine in the early 2020s instead of midcentury, the total negative financial impact would roughly amount to EUR 4 billion-EUR 5 billion. T...

Tancrede Fulop

Morningstar | We Lower Our RWE FVE to EUR 17.40 on Additional Negative Information; Shares Fairly Valued. See Updated Analyst Note from 10 Oct 2018

We further reduce our fair value estimate for RWE to EUR 17.40 from EUR 19.30 on additional negative information on the Hambach issue. RWE's reward/risk ratio has sharply deteriorated, but shares look fairly valued after the sell-off. We reiterate our no-moat, stable trend ratings. On the ZDF TV channel, RWE's CEO mentioned that in the worst-case scenario where RWE is not allowed to clear the forest and must therefore terminate the operations of its Hambach mine in the early 2020s instead of midcentury, the total negative financial impact would roughly amount to EUR 4 billion-EUR 5 billion. T...

Tancrede Fulop

We Lower Our RWE FVE to EUR 17.40 on Additional Negative Information; Shares Fairly Valued

We further reduce our fair value estimate for RWE to EUR 17.40 from EUR 19.30 on additional negative information on the Hambach issue. RWE's reward/risk ratio has sharply deteriorated, but shares look fairly valued after the sell-off. We reiterate our no-moat, stable trend ratings.  On the ZDF TV channel, RWE's CEO mentioned that in the worst-case scenario where RWE is not allowed to clear the forest and must therefore terminate the operations of its Hambach mine in the early 2020s instead of mi...

Tancrede Fulop

Morningstar | Market Has Been Too Lenient on RWE’s Coal Risk; Trimming FVE to EUR 19.30

We are trimming our fair value estimate to EUR 19.30 per share from EUR 20.30  after a German court suspended RWE's allowance to clear the Hambach Forest to extend the operation of its biggest lignite mine. RWE's share price tumbled following the news release on Oct. 5, reflecting its coal risk, which the market has recently underestimated, in our view. However, after the sell-off, we believe the shares are now slightly undervalued. We reiterate our no-moat, stable trend ratings. On Oct. 5, the Munster Higher Administrative Court granted the appeal of the environmentalist group Bund, suspend...

Tancrede Fulop

Morningstar | The market has been too lenient on RWE's coal risk.

Since 2011, RWE has been heavily hit by the collapse of power prices and the upheaval of German energy policy; shareholders have felt this pain through cancellation of the dividend since 2015. RWE has pledged to pay a EUR 0.50 per share dividend in 2018. It is also retiring debt and plans a EUR 1 per share special dividend in 2018 to return the EUR 1.7 billion nuclear fuel tax refund it received in mid-2017. After splitting off its noncommodity businesses into Innogy in October 2016, RWE retains only its conventional generation and commodities businesses, along with a 76.8% share of Innogy. We...

1 director bought

A director at RWE Ag bought 3,800 shares at 20.050EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Bruno Cavalier ...
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/08/2018

...

Bruno Cavalier ...
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/10/2018

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Fatma Agnès Hamdani
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Vincent Maulay
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/07/2018

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Fatma Agnès Hamdani
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Vincent Maulay
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/09/2018

...

RWE

null

RWE

null

RWE

null

For RWE AG., the environment deterioration entails a downgrade to Neutral

RWE AG. (DE), a company active in the Multiutilities industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 2 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date October 5, 2018, the closing price was EUR 18.69 and its expected value was estimated at EUR 21.42.

RWE

null

GlobalData Department

RWE AG (RWE) - Oil & Gas - Deals and Alliances Profile

Summary RWE AG (RWE) is an energy company. It has presence in the energy value chain, from lignite production and electricity generation, to energy trading and operation of distribution networks, and supply of electricity, gas and energy solutions. The company produces electricity using conventional, nuclear, and renewable sources. RWE trades electricity, oil, natural gas, biomass, coal, and CO2 certificates; retails electricity and gas; and sources fuel needed to produce electricity and heat, and markets the electricity generated by its plants. It also plans, builds, and operates renewable e...

GlobalData Department

RWE AG (RWE) - Power - Deals and Alliances Profile

Summary RWE AG (RWE) is an energy company. It has a presence in the energy value chain, from lignite production and electricity generation, to energy trading and operation of distribution networks, and supply of electricity, gas, and energy solutions. The company produces electricity using conventional, nuclear, and renewable sources. RWE trades electricity, oil, natural gas, biomass, coal, and CO2 certificates; retails electricity and gas; and sources fuel needed to produce electricity and heat, and markets the electricity generated by its plants. It also plans, builds, and operates renewabl...

RWE AG (RWE) - Oil & Gas - Deals and Alliances Profile

Summary RWE AG (RWE) is an energy company that generates, transmits and distributes electricity. The company generates electricity using various sources such as gas, hard coal, lignite, nuclear, hydro, biomass and renewables. It also produces oil, gas and lignite; and distributes and supplies gas. The company trades electricity, gas, oil, coal, weather derivatives,CO2 certificates and biomass-based renewable energy. It provides electricity and gas to a diverse customer baseincluding residential, commercial, corporate and industrial customers, and distributors in the domestic and international...

Expert Corporate Governance Service (ECGS)

Proxy Report - 26/04/2018

General: In February 2018, RWE announced a complex EUR 43bn deal to sell Innogy to E.ON, see section 3.1 for details. Items 5 and 6: PwC, Frankfurt am Main, is proposed as auditor for the current financial year as well as for the audit-like review of the financial report for the first half of 2018 and of the quarterly reports for 2018. We have no concerns over the ratio of nonaudit/ audit fees. However, we note that PwC has audited the Company since at least the financial year 1997 (no earlier data available) which exceeds our maximumacceptable term of office. We therefore recommend opposing ...

Jérôme VINERIER

Analyse court terme - RWE : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 16,364 €, puis 14,401 €. Le franchissement de 22,500 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - RWE : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €16.364, then €14.401. Passing €22.500 would question the continuation of the fall.

Jérôme VINERIER

Medium term view - RWE : The recent fall is getting more vigorous.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €16.300. A break below €13.600 would challenge the trend.

Jérôme VINERIER

Analyse moyen terme - RWE : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 16,300 €. La tendance serait remise en cause par la rupture de 13,600 €.

Jérôme VINERIER

Short term view - RWE : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €24.04. Breaking below the support at €18.60 would invalidate the trend.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch