RWE Stock Soars as Goldman Sachs Backs Renewable Energy Growth Story

RWE stock has been gaining momentum in recent days, driven by Goldman Sachs' addition to its conviction list for September. Analyst Alberto Gandolfi expects RWE's shift towards renewable and flexible power generation to boost earnings per share guidance, with a prediction of being around 25% ahead of 2031 consensus.

As of September 2, 2026, the stock traded at €58.10 on Xetra, representing a modest daily decline of 0.82%. The year-to-date total return stood at 30.90%, outperforming the DAX Performance Index by 25.39 percentage points since the start of 2026.

Renewables portfolio is seen as a key growth driver for RWE, with the company investing in onshore and offshore wind, solar, and battery projects. This expansion is expected to shift earnings towards regulated and contracted income streams, supporting stable cash flows over time.