1041 GMT - RWE's management has begun to address investors' concerns and the process of rebuilding confidence is under way, UBS analysts write in a note. Shares in the German utility have underperformed the sector on concerns about renewable-energy growth in the U.S. and higher-for-longer interest rates, the analysts write. The company's outlook is positive given it has diversified renewable and thermal assets across different countries, they say. RWE's current business plan, fromNovember 2023, is out of date however and its 55 billion euros capital-expenditure plan through to 2030 is optimistic and likely to be lower, they add. Shares trade flat at 28.38 euros but are down 11% over the past three months.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 14, 2025 05:41 ET (10:41 GMT)
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