RWE, a German power utility, revealed plans for a $1.6 billion share buyback in response to expected setbacks in the U.S. offshore wind sector and European hydrogen market. The company cited risks related to delays in permits following the U.S. election, potentially impacting its wind-energy project off the East Coast. The decision to repurchase shares up to 1.5 billion euros buoyed RWE's stock price by 7.8%, despite a 21% decline since the year's start. RWE's CEO, Markus Krebber, highlighted the need for the buyback due to foreseen delays in wind projects and hydrogen demand in Europe. The company's joint venture with the UK's National Grid for a wind project off New York and New Jersey aims to power 1.1 million homes. Additionally, RWE acknowledged that the hydrogen market in Europe wasn't progressing as anticipated, potentially affecting its electrolyser capacity expansion plans. The announcement followed speculation about activist investor Elliott Management's interest in RWE and their push for a buyback. Financially, RWE reported a net profit decline in the third quarter, attributed to lower revenue from reduced energy prices. Despite this, RWE slightly raised its full-year guidance, foreseeing improved earnings in specific operational segments. Analysts at Jefferies viewed RWE's strategic shift positively, emphasizing the company's adaptability to evolving market conditions and the potential benefits for shareholders.