First Berlin – ABO Invest AG Research Update (15/10/2020)

First Berlin Equity Research has published a research update on ABO Invest AG (ISIN: DE000A1EWXA4). Analyst Dr. Karsten von Blumenthal reiterated his ADD rating and maintained his EUR 2.30 price target.

At the Extraordinary General Meeting on 8 October, it was decided to rename ABO Invest AG as clearvise AG and to increase the authorised capital by up to €24.5m. Further amendments to the articles of association were also resolved to support the new growth strategy. The connection with ABO Wind has thus been severed and the future clearvise AG will implement its new growth strategy as an independent operator of green power systems. We confirm our Add recommendation and €2.30 price target.