2024-07-17 14:31:11 ET
Summary
- Analysts have a favorable outlook on RWE, with a high target of €59/share and an average of €52/share.
- RWE is a solid long-term investment with potential upside, despite recent volatility in share price.
- The company is heavily investing in renewables, with a goal to exit coal by 2030.
Dear readers/followers,
I've covered RWE ( RWEOY ) ( RWNFF ) before, the last time during the fall of last year, when I added shares in this German legacy utility. This is no small company. It's one of the 400 largest businesses in the entire world, in any sector, and at the right price, it's a solid long-term investment with a good overall upside.
I sold my shares of the stock when the company in a short time "rocketed" up significantly, as I believed this to be an excessive reaction, and was proven right when the company dipped quite significantly in a short time afterward....
Read the full article on Seeking Alpha
For further details see:
RWE: Outperformed (And I Sold), And Now A 'Buy' Again