RWE GR

RWE AG

Energy


Presented:12/12/2013
Price:€26.50
Cap:$17.30B
Current Price:€31.80
Cap:$26.35B

Presented

Date12/12/2013
Price€26.50
Market Cap$17.30B
Ent Value$31.52B
P/E Ratio8.6x
Book Value€16.03
Div YieldN/A
Shares O/S614.75M
Ave Daily Vol30,000
Short IntN/A

Current

Price€31.80
Market Cap$26.35B
RWE Aktiengesellschaft, an electricity and gas company, engages in the generation, distribution, and sale of electricity, as well as exploration, distribution, and sale of gas. It operates power stations based on lignite, coal, gas, nuclear power, renewable energies and waste and oil; and pumped-storage and run-of-river power plants. The company’s power plants also generate heat for municipal customers. It is involved in the supply and trade of electricity, gas, coal, oil, CO2 certificates, and biomass-based renewables in physical and derivative forms; and provision of consultancy services. The company offers its products and services to residential and commercial customers, industrial and corporate customers, and distributors in Germany, the Netherlands, Belgium, the United Kingdom, and central eastern and south eastern Europe. It serves approximately 16 million electricity customers and approximately 8 million gas customers. The company was founded in 1898 and is headquartered in Essen, Germany.

Highlights

A thesis that has worked well of late and should continue to work, the presenter is short shares of German utility RWE AG on the belief that overcapacity in Europe as a result of persistent supply-demand imbalances will continue to pressure the power business.

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