Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  RWE AG    RWE   DE0007037129

RWE AG

(RWE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

RWE : State government submits draft for lead decision RWE will support participation procedures constructively

10/09/2020 | 09:33am EST

The North Rhine-Westphalian state government today presented the draft of a new guiding decision for the Rhenish lignite mining area under the title 'New Perspectives for the Rhenish Revier'.

The draft both implements the requirements of the Coal Phase-Out Act and confirms the need for the Garzweiler opencast mine for energy purposes. RWE Power welcomes the fact that the state government is now also defining reliable framework conditions for the future of the Rhenish lignite mining district and at the same time presenting perspectives for the region as a whole. As early as the summer, the Bundestag and Bundesrat - based on the recommendations of the Commission for 'Growth, Structural Change and Employment' - passed the law to reduce and end coal-fired power generation,

A block-specific decommissioning path has been established for the lignite-fired power stations, through which RWE Power will bear the main burden of phasing out lignite by 2030. In addition, the preservation of the Hambach Forest has been agreed. As a result of the Federal Government's stipulations, coal production in the Inden and Hambach opencast mines will be suspended until around the end of 2029. As a result, from 2030 only the Garzweiler opencast mine will be available to supply the remaining power plants and refining operations with coal. Accordingly, the federal government had already confirmed the need for Garzweiler in terms of the energy industry, and thus also the need for resettlement.

The key decision is an important step for consistent, swift and operational implementation at the state level. The company will intensively examine the draft of the lead decision that is now available, which in parts goes beyond the planning that RWE Power presented at the request of the state government in February and will contribute constructively to the upcoming participation process.

Contact:

Tel: +49 201 5179-5008

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about RWE AG
08:03aJapan power derivatives electrify market as foreigners plug in
RE
05:27aJapan power derivatives electrify market as foreigners plug in
RE
11/26RWE AKTIENGESELLSCHAFT : Notification and public disclosure of transactions by p..
EQ
11/26CORRECTION OF A RELEASE FROM 12/11/2 : 38 CET/CEST - RWE Aktiengesellschaft: Rel..
EQ
11/25RWE : European Commissions approves German hard coal exit tender
RE
11/23RWE to sell stake in UK wind farm Humber Gateway to Greencoat
RE
11/23RWE AG(NEU) : Gets a Buy rating from Barclays
MD
11/23RWE AG(NEU) : Jefferies gives a Buy rating
MD
11/23RWE AG(NEU) : Bernstein keeps its Buy rating
MD
11/23RWE : to divest a 49% stake in the UK Humber Gateway offshore wind farm to Green..
PU
More news
Financials
Sales 2020 17 736 M 21 137 M 21 137 M
Net income 2020 1 025 M 1 221 M 1 221 M
Net Debt 2020 4 640 M 5 529 M 5 529 M
P/E ratio 2020 21,5x
Yield 2020 2,49%
Capitalization 23 154 M 27 567 M 27 593 M
EV / Sales 2020 1,57x
EV / Sales 2021 1,82x
Nbr of Employees 19 531
Free-Float 91,2%
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RWE AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 38,16 €
Last Close Price 34,24 €
Spread / Highest target 28,5%
Spread / Average Target 11,4%
Spread / Lowest Target -18,2%
EPS Revisions
Managers
NameTitle
Rolf Martin Schmitz Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Markus Krebber Chief Financial Officer
Frank Bsirske Deputy Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
RWE AG25.19%27 567
NATIONAL GRID PLC-6.66%41 368
SEMPRA ENERGY-12.89%38 067
ENGIE-13.02%35 986
E.ON SE-3.86%28 424
PPL CORPORATION-18.09%22 596