Elliott Investment Management LP has acquired a stake close to 5% in the German utility company RWE AG and is urging RWE to increase its share buyback program. Elliott expressed disappointment in the company's vague plans to boost shareholder returns and sees potential for significant expansion of the current buyback initiative. RWE has faced investor pressure due to declining stock prices and heavy investments. Despite uncertainties in renewable energy investments, RWE reduced its planned green technology investments by €10 billion through 2030, attributed to risks in the US post the election of President Donald Trump. Bloomberg previously reported Elliott's significant stake in RWE and its advocacy for a buyback strategy. Analysts suggest that RWE's cost-cutting measures and disposal of offshore wind assets could facilitate share repurchases totaling €2.5 billion from 2025 to 2027, with a high estimate of buybacks reaching €4 billion. Notably, Elliott has been assertively acquiring stakes in energy companies like BP Plc and Phillips 66 to drive strategic changes. RWE's announcement of spending cuts and stricter investment criteria, which led to a rise in its stock value, was positively received by Elliott.