Attractive ValuationRWE is currently trading at attractive valuations at a forward EV/EBITDA ratio of 4.6x, -1SD of its historical average EV/EBITDA ratios.
Renewable Energy SupportRWE is positioned as a key beneficiary to US's and Europe's ongoing policy support for renewable energy, which is key to offsetting RWE's phase out of its last nuclear plant and the progressive phase-out of its coal fleet.
Strong Financial Performance1Q24 results came above expectations with offshore seeing strong wind conditions, as well as flexible generation and S&T holding up as power/commodity prices saw some stabilisation.