1013 GMT - Elliott Management clearly sees increasing buybacks as an easy way for RWE to boost its share price, investment director at AJ Bell Russ Mould writes. The activist investor said Monday that it is disappointed with the German energy company's lack of clarity regarding its commitment to enhance shareholder returns. Elliott supports RWE's strategic shift of cutting investment on green technologies, Mould writes. Elliott is also pushing oil major BP to grow shareholder returns and focus more on hydrocarbon production. Elliott's latest trades show it is backing a reversal in the energy transition, Mould says. RWE shares trade 2.7% higher at 32.95 euros and are up nearly 16% over the past 3 months. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 06:13 ET (10:13 GMT)
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