RWE AG Class A

RWE: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€22.00	Pycv	Bnkjvkyrf

RWE Earnings: Flexible Generation's Medium-Term Guidance Set Above Expectations, Shares Cheap

Tancrede Fulop

Aug 10, 2023

No-moat RWE released its final half-year results. On July 26, it preleased them and materially upped its 2023 guidance. The positive surprise of final results released Aug. 10 is the disclosure of a guidance for flexible generation through 2026 above the company-compiled consensus and our own expectations. For the moment, we confirm our EUR 53 fair value estimate.

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