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    RWE   DE0007037129

RWE AG

(RWE)
  Report
Delayed Xetra  -  11:44 2022-12-05 am EST
41.64 EUR   -1.00%
09:17aRWE initiates arbitration proceedings against Gazprom
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08:58aRWE Seeks Arbitration Over Gas Deliveries Missed by Gazprom
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12/02Germany's RWE signs MoU with Hyphen on green ammonia in Namibia
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Germany says undecided on nuclear plants extension

08/16/2022 | 01:16pm EST

BERLIN (Reuters) - Germany's government denied a media report on Tuesday that it had decided to postpone the closure of its last three nuclear power plants, saying it would make its final decision once it received the results of ongoing stress tests.

The plants are due to be shut down by the end of the year under legislation introduced by the government of former Chancellor Angela Merkel following the meltdown at the Fukushima nuclear plant in Japan in 2011.

But debate is intense in Germany about whether to keep them running longer given a possible energy crisis this winter following a decline in Russian gas deliveries.

The plants, operated by E.ON, RWE and EnBW, account for around 6% of the country's electricity.

Citing unnamed officials, The Wall Street Journal reported that the government had decided to keep the plants running beyond the end of this year. The paper said the decision had yet to be formally adopted by the cabinet of German Chancellor Olaf Scholz, with some details still under discussion.

"The government has not yet made any decision about how to deal with the three remaining German nuclear power plants after the end of this year," a spokesperson told Reuters. "This will happen first in the wake of the results of the stress tests."

An economy ministry spokesperson said the report in the Wall Street Journal "lacks any factual basis".

(Reporting by Andreas Rinke and Markus Wacket; Additional Reporting by Christopher Steitz; Writing by Sarah Marsh; Editing by Edmund Blair and Barbara Lewis)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ENBW ENERGIE BADEN-WÜRTTEMBERG AG -1.84% 85.4 Delayed Quote.14.47%
RWE AG -1.00% 41.64 Delayed Quote.17.75%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INC. -0.62% 483 Delayed Quote.66.33%
All news about RWE AG
09:17aRWE initiates arbitration proceedings against Gazprom
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Analyst Recommendations on RWE AG
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Financials
Sales 2022 28 658 M 30 116 M 30 116 M
Net income 2022 2 582 M 2 713 M 2 713 M
Net Debt 2022 6 795 M 7 141 M 7 141 M
P/E ratio 2022 11,1x
Yield 2022 2,18%
Capitalization 28 158 M 29 590 M 29 590 M
EV / Sales 2022 1,22x
EV / Sales 2023 1,05x
Nbr of Employees 18 382
Free-Float 92,9%
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Technical analysis trends RWE AG
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Mean consensus BUY
Number of Analysts 17
Last Close Price 41,64 €
Average target price 51,25 €
Spread / Average Target 23,1%
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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