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 decreased the price target from EUR 95.00 to EUR 92.00.

Following the passing of the so-called "Easter Package" in the German Bundestag, the expansion of wind and solar power should proceed more quickly in the coming years. ABO Wind is well positioned with its German wind and solar project pipeline featuring a total capacity of approximately 1,900 MW for the acceleration of the energy transformation in Germany. The company also recently increased its Management Board from three to six members. After Mr Höllinger’s departure, Dr Karsten Schlageter will be the spokesman of the Board. With the strengthened Board, we believe ABO Wind is well prepared to continue its international growth strategy. Although our price target declines from €95 to €92, due to the higher yield of risk-free investments, the share remains a clear Buy with upside potential of >60%.