|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.69 - 25.06|
|52 Week Range||18.40 - 27.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.79 (7.12%)|
|1y Target Est||33.02|
Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity, according to a document from the economy and energy ministry seen by Bloomberg. Taxpayers are already slated to send 35 billion euros ($41 billion) of aid to four coal regions from 2013 to 2028 and will have to increase that amount as efforts to scale back pollution eliminates jobs at mines and power plants, the economy ministry estimated in a report drawn up last month. The findings were submitted to the commission that Merkel asked to study when Germany could finally close its remaining 120 coal stations, which supplied more than a third of the nation’s electricity last year.
Africa is joining Qatar and the U.S. on the list of potential suppliers of liquefied natural gas to Germany’s first import terminal for the fuel. Talks are underway with African LNG producers to supply the planned German facility, as well as with Qatar, the world’s biggest producer, said Andree Stracke, chief commercial officer at RWE AG’s supply and trading unit. “I am talking to African LNG producers and to U.S. producers as well,” Stracke said in an interview, without naming any companies.
Let’s talk about the popular RWE Aktiengesellschaft (FRA:RWE). The company’s shares saw a double-digit share price rise of over 10% in the past couple of months on the DB. WithRead More...
Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a “domino” effect on mining, which is regulated by concessions that would take years to renegotiate, Germany’s biggest power producer said in a report sent to the coal commission at the end of August and obtained by Bloomberg News. Germany has set up a commission to plot its phase-out from coal power as it struggles to meet the obligations under the 2015 Paris Agreement and is set to miss its 2020 target to reduce pollution.
After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21 billion market. Russia last week began building a second giant pipeline to Germany and U.S. President Donald Trump is turning up the rhetoric in an attempt to secure sales of liquefied natural gas. To keep its roughly 25 percent share of German demand, Norway is counting on falling industry costs to spark new discoveries on its continental shelf, where just one third of the resources have been produced.
The German government is deciding how quickly to close all the nation’s remaining coal-fired power plants, part of an effort to fulfill its pledges under the 2015 Paris Agreement on climate change. While environmentalists hope Europe’s biggest economy will put fossil fuels on a short leash, utilities say any quick changes will drive up electricity prices. As an ad-hoc coal commission reconvenes this month to plot the exit, interest groups ranging from Germany’s biggest coal-plant owner, RWE AG, to the World Wildlife Fund are pushing their views on how regulators treat an industry that pumps out a third of all emissions.
Markus Krebber, chief financial officer at RWE AG, discusses Germany’s leading power generator's first-half results and acquisition strategy with Bloomberg's Mark Barton on "Bloomberg Markets: European ...
European Corporate Roundup for Tuesday Antofagasta 1H Ebitda Falls; Backs Outlook Antofagasta PLC said Tuesday that its first-half Ebitda fell 16% as production decreased and costs increased, but it backed its full-year outlook.
RWE AG rose the most in a month after Germany’s biggest power producer unveiled higher-than-expected earnings and a reduced debt burden before its landmark asset swap with rival EON SE. Net borrowing fell by around 18 percent in the first half as RWE conserved cash to bolster its balance sheet. The move mirrors a similar debt reduction at EON as it prepares to integrate the Innogy SE subsidiary it acquired from RWE in Germany’s biggest-ever utility deal.
Germany is on track to meet its EU renewables target by 2020, but will likely miss both EU and its own more demanding emissions targets, says Moody's Investors Service in a report published today. Conventional power generators RWE AG (Baa3 stable) and Uniper SE will remain exposed to tightening decarbonisation policies as Germany pushes through more measures to hit its targets and safeguard the credibility of its national long-term climate policy. Moody's report, "Europe's electricity markets: In Germany, national policies will continue to challenge conventional generators," is available on www.moodys.com.
Deutschland wird zwar voraussichtlich die EU-Klimaziele einhalten, die bis 2020 einen Anteil an erneuerbaren Energien von 18 % vorschreiben, andererseits aber sowohl die EU- als auch die eigenen, strengeren ...
Moody's Investors Service (Moody's) has today upgraded to Baa2 from Baa3 the long-term senior secured debt rating of ENTEGA Netz AG (ENTEGA Netz), and changed the outlook to stable from positive. The rating action reflects Moody's expectation that progress by ENTEGA Netz's ultimate parent group, ENTEGA AG, in delivering its strategic plan will continue to bolster the consolidated credit quality of the group, despite regulatory headwinds from lower allowed returns and efficiency challenges.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Over the past 10 years, RWE Aktiengesellschaft (FRA:RWE)Read More...
Europe wants its industry to burn more natural gas instead of coal to reduce global warming. Depleted gas stores after the coldest winter since 2012, coupled with pipeline constraints on flows from Russia and Norway, have driven prices to their highest level in at least five years. The result: generating electricity from gas is unprofitable for many utilities, according to Bloomberg calculations based on the cost of fuel, power and emission permits.
Moody's Investors Service (Moody's) has today confirmed the Baa2 issuer and senior unsecured ratings of innogy SE (innogy) and its guaranteed subsidiary, innogy Finance B.V.. The Prime-2 commercial paper rating was also confirmed. The outlook on all the ratings is stable.
Moody's Investors Service (Moody's) has today confirmed the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The Prime-3 commercial paper ratings were also confirmed.
RWE Aktiengesellschaft (DB:RWE) is trading with a trailing P/E of 6.5x, which is lower than the industry average of 17.2x. While this makes RWE appear like a great stock toRead More...
Europe is facing power generation capacity shortages and may even risk blackouts without additional use of natural gas, one of the continent’s biggest producers of the fuel said. “A severe shortage” in generation capacity is expected in the U.K., Germany, and Belgium, Tor Martin Anfinnsen, senior vice president for marketing and trading at Statoil ASA, said in an interview at a conference in Amsterdam on Tuesday. “Is that what we will see in Europe in power generation as well?
China’s thirst for energy is roiling markets in Europe, jolting the outlook for coal-hungry utilities as they struggle to cope with tighter pollution and environmental rules. Coal for delivery next year in Northwest Europe touched a record $90.65 a ton on Tuesday, a fifth consecutive day of gains that together with higher costs on carbon emissions lifted the price of electricity in the process. China’s power generation needs has drawn in more cargoes of both coal and liquefied natural gas, diverting supplies away from Europe.
Aug.14 -- Markus Krebber, chief financial officer at RWE AG, discusses Germany’s leading power generator's first-half results and acquisition strategy with Bloomberg's Mark Barton on "Bloomberg Markets: European Close."