RWE: Credit Suisse increases its estimates


(CercleFinance.com) – Credit Suisse raises its price target to E47 (vs. E44.5) and confirms its Outperformance advice on the stock.

‘RWE is one of our top picks in the sector as we believe the stock offers the best combination of higher power price earnings and geographic diversification (generating capacity is spread across the U.S. (1/4th), the United Kingdom (c1/3rd), the rest being mainly in Europe) which limits the impact of an unfavorable political intervention’ indicates Credit Suisse.

The analyst raises its 2022E EBITDA estimate by 42% to 6.04 billion euros, above the company’s forecast (5.0-5.5 billion euros). Its 2023-25 ​​EBITDA forecast is up 21-69%.

“By December, the short and medium term measures in the UK and Germany, key markets for RWE, should be clarified. The recent agreement concluded in the United States gives RWE the opportunity to diversify its growth not only geographically but also technologically,” adds Credit Suisse.

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