ABO Wind AG (AB9) AI Stock Analysis

ABO Wind AG

(XETRA:AB9)

Select Model

Rating:64Neutral

Price Target:EUR 6.50▲(122.98% Upside)

Action:reiterated

Date:01/16/26

The score is primarily supported by strong revenue growth and very attractive valuation (low P/E and high dividend yield), but is held back by weak operating quality signals (EBIT at zero, negative operating/free cash flow, and higher leverage) and a very bearish technical setup with the stock well below all major moving averages.

Positive Factors

Revenue growth & gross marginSustained near-50% top-line growth alongside a ~47.7% gross margin indicates strong project economics and scalable development activity. Over 2–6 months this supports cash generation potential from completed projects and pricing power in equipment and contractor negotiations, underpinning durable revenue expansion.

Negative Factors

Negative operating & free cash flowNegative OCF and FCF signal that core operations currently do not generate sufficient cash to fund growth or cover capex. Reliance on financing activity to bridge cash shortfalls raises refinancing and liquidity risk, potentially constraining project development and timely execution over the next several months.

ABO Wind AG (AB9) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 25.73M
Dividend Yield: 23.30%
Average Volume (3M): 6,548
Price to Earnings (P/E): 1.0
Beta (1Y): 1.20
Revenue Growth: ―
EPS Growth: ―
Country: Germany
Employees: 1,420
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

ABO Wind AG Business Overview & Revenue Model

Company Description

Established in 1996 and based in Wiesbaden, Germany, ABO Energy GmbH & Co. KGaA focuses on the creation and execution of sustainable energy initiatives both within Germany and globally. The company is involved in the entire lifecycle of wind, solar,...

How the Company Makes Money

ABO Wind AG primarily makes money through the development and realization of renewable energy projects, monetizing its expertise across the project lifecycle. Key revenue streams include: (1) Project development and sale: The company develops wind an...

ABO Wind AG Financial Statement Overview

Summary

Strong revenue growth (+48.98% in 2024) and healthy gross margin (~47.74%) support the score, but the drop of EBIT to zero and negative operating/free cash flow (€-3.3M/€-7.3M) are major risks. Leverage is elevated (debt-to-equity 1.48), tempering the otherwise stable equity ratio (32.41%).

Income Statement

75Positive

Balance Sheet

70Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	529.67M	446.37M	299.69M	231.66M	127.11M	149.16M
Gross Profit	150.56M	213.07M	186.01M	78.55M	43.85M	44.34M
EBITDA	56.66M	53.36M	52.51M	45.19M	24.59M	23.86M
Net Income	23.79M	25.59M	27.25M	24.59M	13.80M	13.12M
Balance Sheet
Total Assets	643.18M	656.49M	493.94M	451.26M	297.06M	249.26M
Cash, Cash Equivalents and Short-Term Investments	48.45M	85.16M	46.68M	95.85M	30.16M	62.13M
Total Debt	324.27M	314.90M	213.76M	178.49M	99.62M	72.85M
Total Liabilities	415.54M	443.72M	301.17M	281.21M	147.20M	109.15M
Stockholders Equity	227.62M	212.75M	192.75M	170.02M	149.82M	140.09M
Cash Flow
Free Cash Flow	-67.62M	-7.30M	-67.55M	-22.02M	-55.57M	38.33M
Operating Cash Flow	-62.85M	-3.32M	-63.00M	-16.77M	-52.26M	40.28M
Investing Cash Flow	-8.60M	-7.67M	1.84M	-4.86M	-4.67M	-3.97M
Financing Cash Flow	78.55M	49.05M	10.06M	84.21M	20.29M	7.01M

ABO Wind AG Technical Analysis

Technical Analysis SentimentNegative

Last Price2.92

Price Trends

50DMA3.24Negative

100DMA3.39Negative

200DMA4.63Negative

Market Momentum

MACD-0.06Positive

RSI45.83Neutral

STOCH18.29Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AB9, the sentiment is Negative. The current price of 2.92 is below the 20-day moving average (MA) of 3.24, below the 50-day MA of 3.24, and below the 200-day MA of 4.63, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 18.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:AB9.

ABO Wind AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:AB9 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:NDX1	72Outperform	EUR 8.94B	22.20	31.25%	―	11.69%	564.05%
DE:GBF	67Neutral	EUR 2.18B	11.51	14.00%	4.79%	5.76%	2.14%
DE:AB9	64Neutral	EUR 25.73M	1.01	12.62%	23.30%	―	―
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DE:ENR	62Neutral	EUR 106.72B	40.29	25.04%	0.55%	9.00%	175.47%
DE:R3NK	61Neutral	EUR 3.69B	37.67	20.97%	1.57%	10.63%	28.99%
DE:HOT	45Neutral	EUR 28.13B	31.65	69.90%	1.77%	8.06%	8.35%

* Industrials Sector Average

Performance Comparison

DE:AB9 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:AB9	ABO Wind AG	2.79	-32.21	-92.03%
DE:NDX1	NORDEX AG	37.74	11.74	45.15%
DE:GBF	Bilfinger SE	58.40	-32.49	-35.75%
DE:HOT	Hochtief AG	373.80	122.74	48.89%
DE:ENR	Siemens Energy Ag	126.92	17.39	15.87%
DE:R3NK	RENK Group AG	36.91	-28.57	-43.63%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Jan 15, 2026

ABO Wind AG AI Stock Analysis