RWE AG is a holding company, which engages in the generation, transmission, distribution, and trading of electricity and gas. It operates through the following segments: Lignite & Nuclear, European Power, Supply & Trading, Operations Acquired from E.ON and innogy. The Lignite & Nuclear segment covers electricity generation in Germany using lignite and nuclear power. The European Power segment comprises the electricity generation business in Germany, the U.K., the Netherlands, and Belgium using gas and hard coal power plants. The Supply & Trading segment concentrates on trading in electricity, natural gas, coal, oil, carbon dioxide certificates, and biomass. The Operations Acquired from E.ON segment is the renewable energy operations received from E.ON and its geographical focus is on North America and Europe. The innogy segment focuses on renewable energy, distribution networks, and retail. The company was founded in 1898 and is headquartered in Essen, Germany.
RWE AG ETR:RWE
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About RWE AG
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Shares of RWE AG (ETR: RWE) surged nearly 14% in May to trade at a 3-month high. Earlier this month, the Germany-based energy giant said it got off to a “good start” to the year, despite the coronavirus pandemic. Fundamental analysis: RWE executes well, rival companies take legal action A group of German energy companies, led by the energy retailer Naturstrom, have launched a legal action against RWE agreed merger with E.ON’s conventional a...
RWE are higher Tuesday, as the German energy firm reported H1 results that were in line with expectations, while confirming the E.On deal remains in track.
German energy firms RWE and E.ON said Sunday that they had reached an initial agreement to share Innogy assets and also swap some additional, internal assets.
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