RWE Books Positive Results, But Earning Trough Lies Ahead -- Market Talk

Dow Jones
Mar 20

0846 GMT - RWE's performance for 2024 was positive but JPMorgan analysts expect consensus expectations will reflect the German energy company's cut to capital expenditures, lower growth in the U.S. and higher return requirements targets. The analysts say they see the company's targets for 2027 and 2030 as credible. They add that consensus is broadly in line with the company's per share earnings targets for those two years. The analysts say that 2025 is the year of a trough in earnings for RWE as exceptional prices and volatility are now behind the company. "We expect consensus now to reflect a mix of earnings growth from capex and share buybacks." Shares trade 3.7% lower at 31.83 euros. (pierre.bertrand@wsj.com)

 

(END) Dow Jones Newswires

March 20, 2025 04:46 ET (08:46 GMT)

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