02:53 AM EDT, 05/14/2026 (MT Newswires) -- Deutsche Bank Research forecasts RWE (RWE.F) will hit the upper range of its full-year 2026 net income guidance after the inclusion of the one-off compensation from the Dutch state in its first-quarter results.

"RWE reported 1Q26 results this morning, which were in line with consensus expectations. The full-year guidance was retained. As expected, RWE has included the Dutch coal compensation of EUR332m within adjusted figures. The developer has continued good [capital expenditure] execution, with first power achieved at Thor and Sofia offshore wind farms. We see full-year net income at EUR1.98bn, the top end of guidance EUR1.55-2.05bn, thanks to the coal compensation,"according to a Wednesday note.

For the three months ended March 31, the German energy company reported an adjusted EBITDA of 1.63 billion euros and an adjusted net income of 608 million euros. The results compared with consensus estimates of 1.63 billion euros and 605 million euros, respectively, the research firm wrote.

Deutsche Bank rates the stock at buy, with a price target of 63 euros.