Varun Anand
RWE AG
RWNFF-OTC
PAST TOP PICK
Jun 09, 2022
(A Top Pick Jul 21/21, Up 44%) Strong results, and an expanding renewables pipeline. Took profits due to concerns about power prices spiking in Europe, plus EU move to eliminate dependency on Russian fossil fuels. He'd look to add in high $30s.
German utility company. Very cheap. Hit by renewables selloff, Texas weather fallout, flooding in Germany. Most of these are one time only. Growth pipeline is not reflected in the share price. Undervalued. A great play on growth and renewables in Europe and the US. Yield is 2.93%. (Analysts’ price target is $40.42)
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