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

Expert Corporate Governance Service (ECGS)

RWE - AGM 03 May 2019

Item 2: Management and Supervisory Board are proposing a dividend of EUR 0.70 per ordinary and per preference share. The dividend is covered by free cash flow but is not covered by earnings. Due to the fact that the dividend is not covered by free cash flow or EPS for a fourth consecutive year, we consider a dividend payment inappropriate at this time and therefore recommend to oppose the dividend proposal. Items 5 and 6: PricewaterhouseCoopers, Essen, 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 2019 ...

Moody's announces completion of a periodic review of ratings of RWE AG

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of RWE AG. Global Credit Research- 02 Apr 2019. London, 02 April 2019-- Moody's Investors Service has completed a periodic review of the ratings of RWE AG and other ratings that are associated with the same analytical unit.

1 director bought

A director at RWE Ag bought 1,400 shares at 22.510EUR and the significance rating of the trade was 53/100. 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...

Louis Boujard ...
  • Philippe Ourpatian

RWE : Une stratégie encourageante mais une publication et des objectifs sans éclat

>Des résultats légèrement inférieurs aux attentes en 2018 - RWE a publié des résultats stand alone légèrement inférieurs à nos attentes sur 2018. L’EBITDA s’est élevé à 1 521 M€ contre 1 553 M€ attendus. L’EBIT est ressorti à 953 M€ contre 983 M€ attendus et le RN ajusté à 591 M€ contre 655 M€ attendus. Par activité l’essentiel de la déviation est attribuable à une moins bonne performance qu’attendu de l’activité Nuclear & Lignite qui a subi de nouveaux arrêts non pla...

RWE AG. with less fundamental stars is reduced to Neutral

RWE AG. (DE), a company active in the Multiutilities industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 1, 2019, the closing price was EUR 21.61 and its expected value was estimated at EUR 21.14.

Moody's announces completion of a periodic review of ratings of RWE AG

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of RWE AG. Global Credit Research- 02 Apr 2019. London, 02 April 2019-- Moody's Investors Service has completed a periodic review of the ratings of RWE AG and other ratings that are associated with the same analytical unit.

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

Louis Boujard ...
  • Philippe Ourpatian

RWE : Une stratégie encourageante mais une publication et des objectifs sans éclat

>Des résultats légèrement inférieurs aux attentes en 2018 - RWE a publié des résultats stand alone légèrement inférieurs à nos attentes sur 2018. L’EBITDA s’est élevé à 1 521 M€ contre 1 553 M€ attendus. L’EBIT est ressorti à 953 M€ contre 983 M€ attendus et le RN ajusté à 591 M€ contre 655 M€ attendus. Par activité l’essentiel de la déviation est attribuable à une moins bonne performance qu’attendu de l’activité Nuclear & Lignite qui a subi de nouveaux arrêts non pla...

Tancrede Fulop

Morningstar | Raising Our FVE for RWE to EUR 19.30 Upon Outcome of the Coal Exit Commission; Shares Overvalued

We are raising our fair value estimate for RWE to EUR 19.30 from EUR 17.40 and maintaining our no-moat, stable trend ratings after the German coal exit commission released its recommendations on Jan. 26, welcomed by the German government, which must now pass a law to enforce them. Shares are overvalued at current levels. The commission set 2038 as the deadline to end coal-fired power generation in Germany. The commission recommends that by 2022, 12.5 gigawatts of coal generation capacity be shut down, 5 GW of which come from lignite plants and 7.7 GW from hard-coal plants. Between 2022 and 20...

Tancrede Fulop

Raising Our FVE for RWE to EUR 19.30 Upon Outcome of the Coal Exit Commission; Shares Overvalued

We are raising our fair value estimate for RWE to EUR 19.30 from EUR 17.40 and maintaining our no-moat, stable trend ratings after the German coal exit commission released its recommendations on Jan. 26, welcomed by the German government, which must now pass a law to enforce them. Shares are overvalued at current levels. The commission set 2038 as the deadline to end coal-fired power generation in Germany. The commission recommends that by 2022, 12.5 gigawatts of coal generation capacity be shut...

Tancrede Fulop

Raising our FVE for RWE to EUR 19.30 Upon Outcome of the Coal Exit Commission

RWE released nine-month results in line with expectations and confirmed full-year targets. We reiterate our fair value estimate of EUR 17.40 per share, along with our no-moat and stable moat trend ratings. Our fair value estimate incorporates a 25% likelihood that the Hambach mine will be closed in the early 2020s, which has a negative valuation impact of EUR 1.5 per share. Shares look overvalued.  EBITDA came in at EUR 1.33 billion, down by 23% versus negative 21% in the first half. Adjusted ne...

Anis Zgaya ...
  • Louis Boujard
  • Philippe Ourpatian

ODDO : Final recommendations from the coal commission in Germany

>Germany to exit coal by 2038 - RWE has published the principal final recommendations of the coal commission in Germany dedicated to climate protection. The commission recommends the closure of 12.5 GW of coal production capacity between 2018 and 2022 (vs 2017). This corresponds to 5 GW for lignite plants and 7.7 GW for coal-fired plants. These figures include the capacity already in the safety reserves (around 1.8 GW) and closures (around 1.4 GW estimated) as well as...

1 director bought

A director at RWE Ag bought 1,400 shares at 22.510EUR and the significance rating of the trade was 53/100. 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...

Anis Zgaya ...
  • Antoine Boivin-Champeaux
  • Christophe Chaput
  • Louis Boujard
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Stephane Houri
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/01/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Jerôme Bodin
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/15/2018

...

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

...

RWE AG. with less fundamental stars is reduced to Neutral

RWE AG. (DE), a company active in the Multiutilities industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 1, 2019, the closing price was EUR 21.61 and its expected value was estimated at EUR 21.14.

RWE

RWE

RWE

RWE

ING
Nadège Tillier

German coal exit/First draft stipulates a start as soon as 2022

After a nuclear phase-out that should be finalized by 2022, the German utilities sector is preparing itself for a coal and lignite power exit. The main motivation behind the political push for the closure of its most polluting power plants has been the incapacity of the country to reduce its carbon emissions in a significant way. Despite the surge of renewables, Germany will not be able to meet its CO2 target reduction in 2020. The government created a German coal exit commission in order to study the impacts on the energy sector, the economy and labour of a coal power plants shutdown. At the ...

MarketLine Department

Fortum Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Fortum Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Fortum Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

MarketLine Department

EnBW Energie Baden-Wuerttenberg AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's EnBW Energie Baden-Wuerttenberg AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by EnBW Energie Baden-Wuerttenberg AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to susta...

MarketLine Department

CEZ, a. s. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's CEZ, a. s. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by CEZ, a. s. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

Expert Corporate Governance Service (ECGS)

RWE - AGM 03 May 2019

Item 2: Management and Supervisory Board are proposing a dividend of EUR 0.70 per ordinary and per preference share. The dividend is covered by free cash flow but is not covered by earnings. Due to the fact that the dividend is not covered by free cash flow or EPS for a fourth consecutive year, we consider a dividend payment inappropriate at this time and therefore recommend to oppose the dividend proposal. Items 5 and 6: PricewaterhouseCoopers, Essen, 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 2019 ...

RWE – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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

Analyse court terme - RWE : La tendance est baissière.

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

Analyse court terme - RWE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 24,04 €. La rupture du support à 18,60 € invaliderait cette tendance.

Jérôme VINERIER

Analyse court terme - RWE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 24,04 € et 25,96 €. La tendance serait invalidée sous le support à 18,60 €.

Valérie GASTALDY

Analyse moyen terme - RWE : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 25,92 € et 28,63 €. La tendance serait invalidée sous le support à 18,73 €.

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