Forum Topics ABB ABB Broker Views

Pinned straw:

Added 2 months ago

FWIW UBS Fast Take out today for ABB

UBS: Neutral 12m PT $3.95

Headline

AGM: FY25e guidance reaffirmed, 1Q25e net adds +22k, Red Energy agreement signed, Buddy 3.9k subs.

Our Take

Good start to FY25e, but if we strip out Buddy, Resi ABB branded adds slowed to +12.4k (4Q24 13.5k, 1Q24 26k). 1Q typically stronger net adds qtr. Pleasingly, ABB signed reseller agreement with Red Energy (mid-Sep start), but likely smaller vs Origin


DISC: Held in RL & SM

thunderhead
Added 2 months ago

Why would you strip out Buddy though?

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