“Comeback of the utilities”
The tough times Germany’s utilities have gone through as a result of the energy transition are coming to an end, with investor confidence in takeovers and rising power prices pushing stocks up, Susanne Schier writes for Handelsblatt. “The Fukushima nuclear disaster and Germany’s Energiewende hit the utilities’ business model hard,” she writes, but things are looking up for heavyweights RWE and E.ON, as well as their spin-offs Uniper and innogy. In terms of profits, E.ON and RWE still “are the most indebted” companies on Germany’s stock market index DAX, but selling more shares in their subsidiaries could ease their predicament, she says.
Read the article in German here (behind paywall).
Find more information on German utilities and the energy transition in this CLEW dossier.