First Berlin Equity Research has published a research update on ABO Energy KGaA (ISIN: DE0005760029). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 97.00 price target.

Abstract
ABO Energy generated a net profit of €9.6m in H1. This is 16% below the previous year’s figure, but strong project business in H2 and cost reductions resulting from strategic adjustments already made should lead to a significantly higher net profit in H2. ABO Energy has a very high quality project pipeline, particularly in the dynamically growing German market, with 514 MW in the construction phase and 829 MW in approved projects. Management has confirmed 2025 net income guidance of €29m to €39m. We are sticking to our annual net income forecast of almost €32m. An updated DCF model yields an unchanged €97 price target. We confirm our Buy recommendation (upside: >170%).