RWE stock gains after Jefferies raises its target to 75 euros

Published on 09/01/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RWE stock gets fresh support after Jefferies lifted its target to 75 euros and kept Buy on September 1, 2026. The latest Tradegate quote was 59.25 EUR, with the stock up 30.62 percent since January 1.

Moderner Glasturm-Hauptsitz aus Froschperspektive mit reflektierender Fassade — RWE AG (DE0007037129) zeigt einen modernen Glasturm-Hauptsitz aus Froschperspektive mit reflektierender Fassade vor blauem Himmel, Illustration mit AI erstellt.

RWE stock (ISIN DE0007037129) traded at 59.25 EUR on Tradegate on September 1, 2026, up 1.04 percent on the day and 30.62 percent since January 1. Jefferies raised its target to 75 EUR and kept Buy, a move that also lifted the market average target to 67.58 EUR.

Target now sits above 75 EUR

Jefferies said the higher power-price backdrop supports EPS of 3.14 EUR for fiscal 2026 and 3.29 EUR for fiscal 2027. It also pointed to RWE's 42 billion EUR investment program and said the third-quarter results expected on November 11 could become a catalyst for higher 2026 and 2027 expectations.

Berenberg had already lifted its target on RWE to 72 EUR and kept Buy. The stock was quoted at 58.52 EUR in that note, which put the new Jefferies target 12.2 percent above the Berenberg level.

Market value near 48.4 billion EUR

MarketScreener showed RWE at 59.11 EUR in Tradegate trading on September 1, 2026, with a market capitalization of 48.4 billion EUR and a year-to-date gain of 30.45 percent. The same snapshot put the previous close at 58.64 EUR, which frames the move as a continuation rather than a break.

Go deeper

RWE investment program and earnings outlook

The current debate centers on how far the higher power-price assumptions and the 42 billion EUR investment plan can push earnings through 2026 and 2027.

RWE details Investor Relations

RWE is still below the target

At 59.25 EUR, the shares traded 15.75 EUR below the new 75 EUR target on September 1, 2026. That gap equals 26.6 percent, while Jefferies now sees 3.14 EUR EPS for fiscal 2026 and 3.29 EUR for fiscal 2027.

Onshore wind and trading power

RWE's core earnings engine still runs through its power generation and trading mix, with renewable capacity and market pricing both shaping the earnings path. Jefferies' note made that link explicit by tying the higher target to electricity prices, capacity markets, LNG in Louisiana, gas investments in the United States, and higher returns at Amprion.

For investors, the key number is now the spread between the 59.25 EUR quote and the 75 EUR target. The shares remain sensitive to the next quarterly update on November 11 and to any move in power prices before then.