German utility company RWE is lagging in renewable generation
If any corporate story epitomises the disruptive effect renewable energy is having on the established generation players, it is RWE’s.
The German utility is in a proper pickle and its shareholders have seen their capital diminish by 80% over the last eight years as RWE has lagged its peers in renewable generation. A business model based on the dirtiest of polluting coal doesn’t appear to be winning strategy.
This graph is a sorry sight for anyone who considered this utility stock to be a sure fire safe haven of dividend growth and capital appreciation.
Read more at the Financial Times.