DNNGY - RWE: Great Green Opportunities At A Slightly Overvalued Price
Investment Thesis
Currently, I am "neutral" on RWE (OTCPK:RWEOY) as its legacy fossil fuel businesses partially negate the excellent growth opportunities, thus making the stock between fairly and overpriced in value.
Company Summary
RWE, headquartered in Essen, Germany, was founded in 1898 and have been producing electricity for over 120 years. It has been one of Europe's top three carbon-producing companies for years due to its presence in coal and its lignite power generation techniques. However, it has set ambitious aims to become carbon-neutral by 2040 and to phase out coal according to