07:01 AM EST, 11/11/2026 (MT Newswires) -- Metzler Capital Markets raised its price target and estimates for RWE (RWE.F) amid expectations of future positive effects from new forward contracts following the company's latest financial results. "Newly commissioned capacity and only slightly improved wind conditions have resulted in a good but unspectacular quarterly performance in the other segments. The projects already under construction (c. 13.5 GW) will increase RWE's 41.3 GW capacity by a further c. 33% in the coming years. On top of that are the secured 6.4 GW UK offshore projects and the 2.1 GW contracts awarded to RWE last week as part of the first round of German power station tenders (4.5 GW)," analysts said Wednesday. "Positive effects should be expected from next year onwards as a result of new forward contracts being concluded under the now improved conditions." The German energy group's adjusted EBITDA reached 4.58 billion euros in the first nine months of 2026, higher than the consensus estimate of 4.43 billion euros. RWE also said its full-year 2026 targets "will likely come in" toward the upper ends of its forecast ranges, on the back of "strong" trading performance in the second and third quarters. Against this backdrop, the research firm lifted its earnings projections for 2026 through 2028, including its estimates for sales and EPS. The price target was increased to 66 euros from 64 euros, while leaving the stock's buy rating unchanged.

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