FRANKFURT (dpa-AFX) - RWE shares have climbed above the 50 euro threshold for the first time in 15 years, buoyed by a wave of positive analyst commentary following the company's successful bid at British offshore auctions the previous day.

Among the optimists is Peter Bisztyga of Bank of America, who holds an especially favorable view of RWE. He named the stock as one of his 25 top picks for 2026. The analyst pointed to the auction win in the UK and the strategic partnership with investment firm KKR, raising his price target by 3 euros to 59 euros. This now stands as the highest price target among all research firms tracked by dpa-AFX and Bloomberg.

By early afternoon, shares of the energy provider had risen 2.0 percent to 50.36 euros in an otherwise little-changed DAX. The last time the stock traded above 50 euros was in February 2011. However, the path back to its record high of just over 100 euros in 2008 remains a long one.

Since autumn 2025, the technical outlook for the stock has begun to brighten. Medium- and longer-term trend indicators have grown increasingly positive, and in mid-December, the stock finally crossed above its 21-day moving average, which signals the short-term trend and currently sits just above 46 euros.

Deepa Venkateswaran of US-based Bernstein described the auction as a “complete success” for RWE, seeing a revival of offshore wind energy in the UK and Europe, especially for the German group.

BofA analyst Bisztyga explained that RWE secured contracts for major projects with a total capacity of 6.9 gigawatts in the UK auction—roughly double what the market had expected. In addition, the newly announced financing joint venture with KKR will unlock significant liquidity.

“The project financing structure will result in a 2.9 billion pound cash payout this summer for activated development costs,” he wrote. Bisztyga put RWE's equity requirement at “only 0.9 billion pounds—and only after full drawdown of the project financing.” Net investments through 2030/31 are expected to total just 1.2 billion euros, which should sharply reduce RWE's net interest costs.

Metzler analyst Guido Hoymann had already raised his price target from 54 to 57 euros the previous day, also praising the capacity secured by RWE. According to Hoymann, this is significant given the group's current total capacity of around 40 gigawatts./ck/lew/stk