RWE shares extended losses on Wednesday after the group's management failed to dispel investor concerns about a report that the company could buy into a U.S. operator of gas-fired power plants.
Analysts have a favorable outlook on RWE, with a high target of €59/share and an average of €52/share. RWE is a solid long-term investment with potential upside, despite recent volatility in share price. The company is heavily investing in renewables, with a goal to exit coal by 2030.