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    RWE   DE0007037129

RWE AG

(RWE)
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Delayed Xetra  -  11:35:34 2023-02-07 am EST
40.47 EUR   -0.76%
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Germany's RWE signs MoU with Hyphen on green ammonia in Namibia

12/02/2022 | 08:28am EST
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FILE PHOTO: RWE holds capital markets day

(Reuters) - RWE and Namibia's Hyphen Hydrogen Energy have signed a memorandum of understanding (MoU) that could see the German utility firm source up to 300,000 tons of green ammonia per year from Namibia, RWE said on Friday.

The company said the project aims to annually produce 1 million tons of green ammonia - a hydrogen derivative that is particularly suitable for transport by ship - by 2027.

(Reporting by Tristan Chabba and Bartosz Dabrowski in Gdansk; Editing by Miranda Murray)


© Reuters 2022
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Analyst Recommendations on RWE AG
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Financials
Sales 2022 28 843 M 30 848 M 30 848 M
Net income 2022 2 685 M 2 871 M 2 871 M
Net Debt 2022 7 809 M 8 351 M 8 351 M
P/E ratio 2022 10,3x
Yield 2022 2,24%
Capitalization 27 366 M 29 269 M 29 269 M
EV / Sales 2022 1,22x
EV / Sales 2023 0,98x
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 40,47 €
Average target price 51,79 €
Spread / Average Target 28,0%
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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