In a previous article, back in early 2020, I identified RWE AG (OTC:RWNEF) (OTCPK:RWEOY) as an interesting long term investment on account of its potential to increase its profitability in the course of a strategic pivot towards renewable energy generation. The stock trades higher now than at the time of my initial article's publication, but significantly underperformed the broader market at large to date. Despite a very strong 2023 (€4.5 billion in net profits based on preliminary figures), the stock price took a significant downturn recently, following lowered expectations for 2024.