RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
0mins
Source: WSJ
Share Buyback Announcement: RWE plans a $1.6 billion share buyback, indicating a shift in spending priorities due to anticipated delays in the U.S. offshore wind market and its European hydrogen business.
Impact of U.S. Election Results: The company expressed concerns that risks to offshore wind projects have increased following the U.S. election, potentially delaying their East Coast wind-energy project due to pending permits.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
