First Berlin – ABO Wind AG Research Update (05/08/2019)

First Berlin Equity Research has published a research update on ABO Wind AG (ISIN: DE0005760029). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 22.00 price target.

The sale of rights to wind and solar projects with a total volume of 450 MW is another spectacular success for ABO Wind's international business. In addition, the company has commissioned its largest solar park to date, a plant in Hungary with a capacity of 5 MW (AC). The international successes are a welcome compensation for a probably weaker business in Germany. The German market is currently suffering from project approval delays. We confirm our Buy recommendation and the €22.00 price target.