“Suddenly cool”
Focus-Money
With a share price increase of 36 percent, RWE’s shares come in second place of the top stocks in Germany’s benchmark DAX index this year. This is despite the utility’s struggle after Germany’s decision to phase-out nuclear power and the rise of renewables, writes Focus-Money. The reason was RWE’s decision to separate its renewable business from the ailing fossil fuel generation into a new subsidiary to be called ‘Innogy’, according to the article. “The stock market launch of Innogy changes everything. This way, there are many good arguments for a significantly better rating,” said Peter Crampton, energy expert at the investment bank Macquarie.
Read a CLEW factsheet about RWE’s plans for new renewable subsidiary.
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