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    RWE   DE0007037129

RWE AG

(RWE)
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RWE : Volkswagen plans renewable investments in CO2 reduction push

04/29/2021 | 03:26am EDT
FILE PHOTO: A Volkswagen logo is seen as it launches its ID.6 and ID.6 CROZZ SUV at a world premiere ahead of the Shanghai Auto Show, in Shanghai

FRANKFURT (Reuters) - Volkswagen plans to invest about 40 million euros ($48 million) in European wind and solar projects by 2025 as part of a push to become carbon neutral, the head of the group's namesake brand said on Thursday.

As part of the initiative, Volkswagen will team up with Germany's top utility RWE for a solar park in 2022 that will have a capacity to supply 50,000 households with power.

($1 = 0.8252 euros)

(Reporting by Christoph Steitz and Jan Schwartz, editing by Emma Thomasson)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
RWE AG 2.75% 32.16 Delayed Quote.-6.97%
VOLKSWAGEN AG -0.78% 210.75 Delayed Quote.38.27%
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More news
Financials
Sales 2021 14 102 M 17 146 M 17 146 M
Net income 2021 1 053 M 1 280 M 1 280 M
Net cash 2021 812 M 987 M 987 M
P/E ratio 2021 19,0x
Yield 2021 2,80%
Capitalization 21 747 M 26 431 M 26 442 M
EV / Sales 2021 1,48x
EV / Sales 2022 1,44x
Nbr of Employees 19 498
Free-Float 92,0%
Chart RWE AG
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Technical analysis trends RWE AG
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 25
Average target price 39,52 €
Last Close Price 32,16 €
Spread / Highest target 46,1%
Spread / Average Target 22,9%
Spread / Lowest Target -12,9%
EPS Revisions
Managers and Directors
NameTitle
Markus Krebber Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Frank Bsirske Deputy Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Wolfgang Schüssel Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
RWE AG-6.97%26 431
NATIONAL GRID PLC7.71%46 333
ELECTRICITÉ DE FRANCE-8.49%44 445
SEMPRA ENERGY8.17%41 726
ENGIE0.73%37 045
E.ON SE16.62%33 495