RWE Shares Likely to Rise After Year-End Print -- Market Talk

Dow Jones

03/20

0744 GMT - RWE's cut to capital expenditures and targets for higher returns ought to be well received, RBC Capital Markets analyst Alexander Wheeler says in a research note. The German energy company reiterating its medium-term targets should also be seen as a positive, the analyst says. Consensus expectations for this year are in line with RWE's targeted range for adjusted net profit and adjusted Ebitda, the analyst says. The company said that it would be more strict with its investment criteria, translating to 10 billion fewer euros planned to be spent in the 2025 to 2030 period than previously planned. (pierre.bertrand@wsj.com)

(END) Dow Jones Newswires

March 20, 2025 03:44 ET (07:44 GMT)

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