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    RWE   DE0007037129

RWE AG

(RWE)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

RWE to Supply Green Electricity to Volkswagen

04/29/2021 | 03:52am EDT

By Giulia Petroni

RWE AG said Thursday that it has signed a 10-year power purchase agreement to supply up to 170 gigawatt hours of green electricity per year to Volkswagen AG for the electrification of its fleet.

The German energy company said it will source electricity from asset manager Luxcara's solar plant in Germany, which should be completed by the end of the year. Supply is scheduled to start in 2022.

RWE and Volkswagen are currently in talks over further purchase agreements, according to the company.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

04-29-21 0351ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.76% 33876.97 Delayed Quote.8.77%
RWE AG 0.07% 30.27 Delayed Quote.-12.44%
VOLKSWAGEN AG 3.78% 226.65 Delayed Quote.48.70%
WTI 0.25% 73.206 Delayed Quote.48.21%
All news about RWE AG
06/18MARKET CHATTER : TotalEnergies, Enel, RWE Eye $949 Million Wind Farm Portfolio I..
MT
06/15RWE  : Success for RWE in German onshore wind auction
PU
06/15RWE AKTIENGESELLSCHAFT : Release according to Article 40, Section 1 of the WpHG ..
EQ
06/13RWE  : Germany, Australia sign hydrogen accord to boost lower-emissions technolo..
RE
06/13UNIPER  : Germany prepares to set up hydrogen accord with Australia
RE
06/11MAGNORA  : Raises Stake In Wind Farm Project With RWE
MT
06/11RWE  : begins construction of its offshore wind farm Sofia on Dogger Bank
PU
06/10DGAP-PVR : RWE Aktiengesellschaft: Release -4-
DJ
06/10DGAP-PVR : RWE Aktiengesellschaft: Release -3-
DJ
06/10DGAP-PVR : RWE Aktiengesellschaft: Release -2-
DJ
More news
Financials
Sales 2021 15 256 M 18 167 M 18 167 M
Net income 2021 1 038 M 1 237 M 1 237 M
Net Debt 2021 2 868 M 3 415 M 3 415 M
P/E ratio 2021 17,4x
Yield 2021 2,98%
Capitalization 20 469 M 24 385 M 24 374 M
EV / Sales 2021 1,53x
EV / Sales 2022 1,57x
Nbr of Employees 19 244
Free-Float 92,0%
Chart RWE AG
Duration : Period :
RWE AG Technical Analysis Chart | MarketScreener
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Technical analysis trends RWE AG
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 40,06 €
Last Close Price 30,27 €
Spread / Highest target 68,5%
Spread / Average Target 32,4%
Spread / Lowest Target -7,50%
EPS Revisions
Managers and Directors
NameTitle
Markus Krebber Chief Executive Officer
Werner Brandt Chairman-Supervisory Board
Frank Bsirske Deputy Chairman-Supervisory Board
Dagmar Mühlenfeld Member-Supervisory Board
Wolfgang Schüssel Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
RWE AG-12.44%24 251
NATIONAL GRID PLC6.92%45 373
ELECTRICITÉ DE FRANCE-9.81%43 528
SEMPRA ENERGY8.13%41 711
ENGIE-4.95%34 096
E.ON SE10.22%30 880