RWE stock trades at EUR 58.84 as outlook rises

Published on 09/29/2026 at 11:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RWE stock carries a EUR 72.00 Berenberg target dated September 25, 2026. Adjusted EBITDA reached EUR 3.00 billion in H1 2026, up more than EUR 900.00 million year over year.

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 was trading at EUR 58.84 at Lang & Schwarz on September 29, 2026 at 11:36 a.m. CEST. The energy group entered the session with a stronger earnings profile after raising its 2026 outlook following the first half of the year.

H1 EBITDA reaches EUR 3.00 billion

According to the Yahoo Finance transcript of RWE's H1 2026 earnings call, adjusted EBITDA reached EUR 3.00 billion in the first half of 2026, an increase of more than EUR 900.00 million from the same period of 2025. Adjusted earnings per share rose more than 60 percent year over year to EUR 1.77.

The earnings mix was led by offshore wind, where adjusted EBITDA increased by EUR 167.00 million to EUR 810.00 million. Onshore wind and solar generated EUR 1.02 billion, while flexible generation contributed EUR 1.03 billion in adjusted EBITDA.

Guidance leaves room for execution

RWE guided to adjusted EBITDA of EUR 5.57 billion to EUR 6.35 billion for fiscal year 2026, with adjusted net income expected between EUR 1.95 billion and EUR 2.45 billion. The midpoint of adjusted earnings per share guidance is EUR 2.95, compared with H1 adjusted EPS of EUR 1.77.

The company also targets EUR 1.32 per share in dividends for fiscal year 2026. Its investment plan calls for EUR 42.00 billion of net investment from 2026 through 2031, while the H1 call said adjusted EPS is planned to grow at a 10 percent annual rate through 2031.

Berenberg keeps EUR 72.00 target

finanzen.net reported on September 25, 2026 that Berenberg kept its Buy rating and EUR 72.00 price target for RWE. The target stands EUR 13.16 above the Lang & Schwarz price, equivalent to 22.37 percent above EUR 58.84.

The market is pricing the company below its 52-week high of EUR 62.00 and above its 52-week low of EUR 37.41. RWE trades on Xetra under ticker RWE and ISIN DE0007037129, according to Global Banking and Finance.

RWE stock stays below yearly high

RWE stock was trading at EUR 58.84 at Lang & Schwarz on September 29, 2026 at 11:36 a.m. CEST. The 52-week range was EUR 37.41 to EUR 62.00, placing the price EUR 3.16 below the yearly high.