First Berlin Equity Research has published a research update on ABO Energy KGaA (ISIN: DE0005760029). Analyst Dr. Karsten von Blumenthal changed his rating and price target to UNDER REVIEW.

Abstract
The initial draft of the restructuring report, submitted in May, indicates that ABO Energy is capable of restructuring. The company’s objective is now to secure viable restructuring financing by the end of the standstill agreement period in late July. However, based on the findings of this draft report, the company has also revised 2026 guidance and no longer expects to achieve a positive net result. For 2027, ABO Energy anticipates positive EBITDA. As business performance in 2026 resulted in the loss of half the company’s share capital, ABO Energy has convened an Extraordinary General Meeting for 9 July to formally report this fact. Publication of the 2025 annual financial statements is now scheduled for Q3/26. Given the lack of audited figures for 2025 and the significant uncertainty surrounding the trajectory of the operational and financial restructuring, we are placing our rating and price target ?under review” (previous rating: Add; previous price target: €8.00).