RWE stock gains 1.20 percent as earnings rise

Published on 10/03/2026 at 22:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RWE stock advanced 1.20 percent on October 2, while adjusted EBITDA reached EUR 3 billion in H1 2026. Jefferies kept its EUR 75 target on September 9.

Offshore-Windpark in der Nordsee bei goldenem Sonnenaufgang, ruhige See, Panorama — RWE AG (DE0007037129) Offshore-Windpark in der Nordsee bei goldenem Sonnenaufgang, ruhige See, Illustration mit AI erstellt.

RWE stock (ISIN DE0007037129) gained 1.20 percent to EUR 59.10 on Xetra on October 2, 2026, as the energy group combined stronger first-half earnings with upgraded guidance. The latest market catalyst is a sharper earnings profile, while investor debate also includes RWE's capital allocation and its exposure to regulated grids.

First half EBITDA rises above EUR 3 billion

According to Yahoo Finance, RWE reported adjusted EBITDA of EUR 3 billion for the first half of 2026, an increase of more than EUR 900 million from the prior-year period. Adjusted earnings per share reached EUR 1.77, up more than 60 percent year over year, while adjusted net income stood at EUR 1.3 billion.

The improvement was broad but included a EUR 332 million compensation payment linked to the Eemshaven power plant. Offshore wind earnings rose to EUR 810 million, while onshore wind and solar generated adjusted EBITDA of EUR 1.02 billion, according to the same H1 2026 earnings-call transcript.

Guidance points to higher earnings

RWE raised its 2026 adjusted EBITDA outlook to EUR 5.57 billion to EUR 6.35 billion and set adjusted net income guidance at EUR 1.95 billion to EUR 2.45 billion. The midpoint of adjusted EPS guidance is EUR 2.95, compared with the earlier target range of EUR 2.55 to EUR 2.95, as reported by Yahoo Finance.

The investment story is also becoming more grid-focused. RWE said in the H1 2026 call that it plans EUR 42 billion of net investment from 2026 through 2031 and expects adjusted EPS to grow at a 10 percent annual rate from 2025 through 2031. The company has increased its Amprion stake to 55 percent, adding regulated grid infrastructure as a third strategic pillar.

Analyst target stays at EUR 75

MarketScreener reported on September 9, 2026, that Jefferies maintained its Buy rating and EUR 75 price target. That target stands EUR 15.90 above the October 2 Xetra price, equivalent to 26.9 percent above the price.

RWE's market value was EUR 44.3 billion on October 2, 2026. The share remained below its 52-week high of EUR 62.00 and above its 52-week low of EUR 39.13, giving the earnings upgrade a clear market valuation context.

RWE stock stays below EUR 62 high

RWE stock was last at EUR 59.10 on Xetra on October 2, 2026 at 5:38 p.m. CEST, with a daily change of 1.20 percent. For investors, the key balance is the 40.0 percent year-over-year EBITDA increase against the one-off compensation effect in the first-half result.