Shares of RWE AG (ETR: RWE) surged nearly 14% in May to trade at a 3-month high. Earlier this month, the Germany-based energy giant said it got off to a “good start” to the year, despite the coronavirus pandemic. Fundamental analysis: RWE executes well, rival companies take legal action A group of German energy companies, led by the energy retailer Naturstrom, have launched a legal action against RWE agreed merger with E.ON’s conventional and renewable generation assets. The merger is expected to be worth more than 40 billion euros. “By waving through the deal between RWE and E.ON to split
The post RWE price surges 14% in May ‘good start’ to the year appeared first on Invezz.
