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 110.00 price target.

Abstract
In May, ABO Wind broadened the financial basis for its growth strategy with the successful placement of its first green bond (€65m), which will finance green power and storage projects. By placing a green bond for the first time, the company has tapped into a new asset class that can be used in the future to finance further green power projects. Operationally, ABO recently caused a stir with the start of construction of a 50 MW solar park in Spain. We have adjusted our interest expense forecasts following the green bond issue. An updated DCF model yields an unchanged €110 price target. We confirm our Buy recommendation.