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    RWE   DE0007037129

RWE AG

(RWE)
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Real-time Estimate Tradegate  -  01:43:55 2023-01-30 pm EST
40.96 EUR   -0.50%
01/29No consequences for 'Pinky' and 'Brain' - tunnel closed
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01/29Federal government provides 4.3 billion euros in relief for gas and heating customers
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01/29Anti-nuclear activists demonstrate at Emsland nuclear power plant
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Dutch court denies RWE and Uniper compensation for closure of coal plants

11/30/2022 | 06:24am EST

AMSTERDAM, Nov 30 (Reuters) - The Dutch state does not have to compensate German energy suppliers RWE and Uniper for the decision to close coal-fired energy plants in the Netherlands by 2030, a Dutch court ruled on Wednesday.

RWE owns two of the current four coal-fired energy plants in the Netherlands, and Uniper one.

Both filed lawsuits last year to seek compensation for the Dutch government's 2018 decision to ban the use of coal in electricity generation this decade, shutting all coal-fired plants by 2030.

But the court said the government had acted in good faith, as it sought to reduce CO2 emissions in the Netherlands in line with European climate goals.

RWE and Uniper could have expected the announcement given the relatively high levels of CO2 emitted by the plants, the court said, and were also given time to adjust to the plans and seek ways to transform their plants to more sustainable sources of energy. (Reporting by Bart Meijer Editing by Mark Potter)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
RWE AG -0.53% 40.94 Delayed Quote.-1.03%
UNIPER SE 0.54% 2.988 Delayed Quote.14.84%
All news about RWE AG
01/29No consequences for 'Pinky' and 'Brain' - tunnel closed
DP
01/29Federal government provides 4.3 billion euros in relief for gas and heating customers
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01/29Anti-nuclear activists demonstrate at Emsland nuclear power plant
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Analyst Recommendations on RWE AG
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Financials
Sales 2022 28 843 M 31 310 M 31 310 M
Net income 2022 2 685 M 2 914 M 2 914 M
Net Debt 2022 7 809 M 8 477 M 8 477 M
P/E ratio 2022 10,4x
Yield 2022 2,20%
Capitalization 27 833 M 30 214 M 30 214 M
EV / Sales 2022 1,24x
EV / Sales 2023 1,01x
Nbr of Employees 18 382
Free-Float 92,9%
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Technical analysis trends RWE AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 17
Last Close Price 41,16 €
Average target price 51,79 €
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Markus Krebber Chief Executive Officer
Michael Müller Chief Financial Officer
Werner Brandt Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Ullrich Sierau Member-Supervisory Board
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