5Mes
Concerns about a prolonged phase of high interest rates are weighing on capital-intensive utilities such as RWE. Added to this are significantly lower energy prices. After a strong year-end rally, the DAX share (31.09 euros; DE0007037129) has lost more than 20% since the beginning of the year, breaking through the October support level of 31.55 euros.
. Due to the headwinds, however, RWE has disappointed with its forecast for 2024, which has dampened consensus estimates for net profit (EUR 2.1 bn) by more than 10% since December. As a result, the valuation (2024 P/E: 11; 10Y: 15) has not improved despite the share price slump.
. Due to the headwinds, however, RWE has disappointed with its forecast for 2024, which has dampened consensus estimates for net profit (EUR 2.1 bn) by more than 10% since December. As a result, the valuation (2024 P/E: 11; 10Y: 15) has not improved despite the share price slump.
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@Smudeo I see 3-4 interest rate cuts this year, you argue short-term, I rather long-term 😆
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5Mes
@Janus55555 very optimistic
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@Smudeo well, average market opinion ✌️
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