RWNEF - RWE AG: Green Growth Ahead

2024-02-11 11:23:55 ET

Summary

• RWE AG's stock has underperformed the market despite strong 2023 profits, but it still offers an attractive long-term investment profile.
• The company aims to increase its generation capacity to over 65 gigawatts by the end of the decade, with organic growth and acquisitions.
• Phasing out thermal coal could lead to significant payroll reductions.

In a previous article , back in early 2020, I identified RWE AG (RWNEF) (RWEOY) as an interesting long term investment on account of its potential to increase its profitability in the course of a strategic pivot towards renewable energy generation. The stock trades higher now than at the time of my initial article's publication, but significantly underperformed the broader market at large to date....

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