Hottest Returns on DAX Generated by Old-School Coal Burners
- RWE’s 49 percent jump this year leads German benchmark index
- Uniper climbs at double the rate of former parent EON
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Last year, investors jumped at the chance to buy into Germany’s landmark shift into renewable energy. Now they’re getting a lesson that fossil-fuel utilities still have plenty to give.
RWE AG, Europe’s biggest coal plant operator and greenhouse-gas polluter, is the biggest gainer on the nation’s DAX index after jumping 49 percent this year. The advance is almost six times that of its clean-energy subsidiary Innogy SE. Another company for which coal and gas are its most important fuels, Uniper SE, has climbed at more than double the pace of its former parent EON SE.