Tag: AGL
Ups and downs
A trio of updates from third-quarter trading companies ahead of their June 30 balance dates produced one good, one bad, and one okay.
Read MoreBank PEs and analysis of Woodside Energy, Dicker Data, AGL Energy
Fund Manager Chris Pedersen discusses Woodside Energy Group, Dicker Data, AGL Energy and bank valuations.
Read MoreStocks of the Hour: Dateline Resources, Blue Energy, Ansarada Group
A snapshot of the stocks on the move, featuring Dateline Resources (ASX:DTR), Blue Energy (ASX:BLU) and Ansarada Group (ASX:AND).
Read MoreAGL Energy reports strong interim earnings and raises full-year guidance
AGL Energy (ASX:AGL) reported a sharp improvement in interim earnings on Thursday and a significant jump in its full-year guidance range.
Read MoreBig battery deals
In the past couple of days, several significant battery deals have been unveiled in New South Wales.
Read MoreAGL Energy reports losses due to write-downs, expects strong recovery
AGL Energy (ASX:AGL), a prominent player in the energy sector, faced a significant financial setback in the fiscal year ending on June 30, largely attributed to the anticipated write-downs on its coal power generating assets.
Read MoreEnergy watchdog charges AGL
03 Jul 2023 – The Australian Energy Regulator has charged entities owned by AGL Energy for failing to stabilise the grid as ordered.
Read MoreAGL Shares Slump 10% on Less than Gas Result
A big earnings miss and dividend cut saw shares in energy colossus AGL fall more than 10%, despite the company predicting a better performance in the current half.
Read MoreMusical Chairs Continue in AGL Boardroom
Another round of significant changes to the board of embattled energy provider AGL, with a couple major retirements, two new appointments and an impending departure.
Read MoreAGL – Morgans rates the stock as Add
The broker lowers its forecasts for FY23, which results in its target for AGL Energy falling by -3% to $9.67, while the Add rating is retained.
Read MoreAGL – Credit Suisse rates the stock as Outperform
Target price rises to $10.40 from $9.30. Outperform rating retained.
Read MoreAGL – Morgans rates the stock as Add
The target price slips to $9.92 from $10.08. The Add rating is maintained.
Read MoreAGL Non-Split May Be Catalyst for Greater Change
The abandonment of its split proposal may mean AGL ends up accelerating the switch to greater use of renewables and gas much more quickly than previously thought.
Read MoreAGL Bows to Pressure, Shelves Split
AGL Energy has called off its proposed splitting of the company into ‘good’ and ‘bad’ halves after facing growing shareholder opposition to the idea, led by Sydney billionaire Mike Cannon-Brookes.
Read MoreAGL – UBS rates the stock as Neutral
The Neutral rating and $8.50 target are retained.
Read MoreAGL Unwavering on its Breakup Plans
AGL Energy is standing by its plan to split into two companies in the face of yesterday’s stock purchase blocking move by tech billionaire and climate activist Mike Cannon-Brookes.
Read MoreLoy Yang Breakdown Burns AGL Energy
A dodgy coal-fired generator in Victoria has again bitten the bottom line of AGL Energy, forcing it to cut its 2021-22 profit forecast with just two months to go in the financial year.
Read MoreAGL – Morgans rates the stock as Add
Morgans upgrades its rating to Add from Hold. The target price rises to $8.83 from $7.24.
Read MoreAGL Board Turns Down Increased Offer
The AGL board has knocked back a 10% higher offer for the company from tech billionaire Mike Cannon-Brookes and international asset manager Brookfield valuing it at $8.25 per share.
Read MoreMarket Reaction Says that AGL is “In Play”
Despite the AGL board’s advice to the contrary, Monday’s market reaction reckons a deal will be done for the company at around $8 a share and that it will be done soon.
Read MoreAGL – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $8.20 from $8.50.
Read MoreAGL Falls Further out of Favour Despite Pledges
More pain for embattled utility AGL, whose shares fell sharply after another weak report, despite a pledge to bring forward the closures of its remaining coal-burning power stations.
Read MoreExtinction Event Looms for AGLosaurus
AGL, the nation’s largest power supplier, has reported a not unexpected loss of $2.06 billion loss for the year to June ahead of its split into a good company and a bad company.
Read MoreAGL – Credit Suisse rates the stock as Underperform
The target is reduced to $6.70 from $6.80 and an Underperform rating is maintained, with the broker anticipating further downgrades to consensus FY22 and FY23 earnings forecasts.
Read MoreAGL Confirms Demerger Plans
Buried in its Wednesday statement to the market, AGL confirmed that it is proceeding towards separation and divorce – energy utility style – with a demerger in the works.
Read MoreAGL – UBS rates the stock as Sell
Sell rating maintained. Target is reduced to $7.60 from $10.10.
Read MoreCEO Splitting Won’t Stop AGL Doing the Same
Energy group AGL is still heading for splittsvile despite losing its CEO last month, a departure that saw some analysts claim that the division of the company might not happen.
Read MoreAGL CEO Steps Down Unexpectedly
In a surprise move, AGL Energy CEO Brett Redman has resigned with immediate effect after just two-and-a-half years in charge of the country’s biggest energy utility.
Read MoreAGL’s Plans For Separation
AGL Energy has decided on a parting of ways and will separate its business into two. As always, the devil will be in the detail.
Read MoreAGL the Latest to Split Divisions
Corporate separation is now the name of the game with AGL joining the trend yesterday, announcing plans to split off its unattractive emissions-intensive coal and gas-fired power stations.
Read MoreHow Can AGL Energy Broaden Its Appeal?
An oversupply of electricity looms, putting pressure on wholesale power prices. Could separating Loy Yang A be the panacea for AGL Energy?
Read MoreAGL a Cautionary Tale for the Energy Sector
Energy giant AGL’s expected $2.3 billion loss for the six months to December is a warning to the rest of the energy sector about the fading financial attractiveness of these assets.
Read MoreAGL – Credit Suisse rates the stock as Underperform
AGL Energy announced -$3.6bn in impairments and provisions before tax, leading to a -$1.6 reduction in Credit Suisse’s target price. Credit Suisse retains its Underperform rating with the target price decreasing to $9.50 from $11.10.
Read MoreLiddell Fire Burns Guidance At AGL
AGL shares plunged to a nine year low of $12.28 on Monday after the company revealed yet another earnings downgrade because of technical problems at its ageing coal-fired power station in NSW.
Read MoreAGL – Citi rates the stock as Neutral
After an incident at the Liddell power station, AGL Energy has downgraded its FY21 net profit guidance to $500-$580m from $560-$660m. Citi expects AGL’s guidance to narrow at the half-year result in February and expects net profit to be $504m for FY21.
Target is reduced to $12.16 from $14.49. Neutral retained.
Read MoreAGL – UBS rates the stock as Sell
UBS downgrades AGL Energy to Sell from Neutral with the target falling to $12.25 from $15.60, driven by margin pressure materially reducing the broker’s wholesale electricity price forecast.
Read MoreAGL – Macquarie rates the stock as Downgrade to Underperform from Neutral
The NSW energy roadmap released last week provides some opportunities for AGL Energy, but these are far outweighed by the structural impact, Macquarie notes. The policy will shift the markets to being in structural oversupply. At risk is 24% of NSW-Vic FY24 earnings.
Read MoreAGL – UBS rates the stock as Neutral
AGL Energy will be acquiring Amaysim’s Click Energy business for $115m. UBS estimates the transaction to be 1-3% earnings accretive and will help the company in scaling up its retail operations to 4.5m customers by FY24.
Read MoreAGL – UBS rates the stock as Neutral
UBS suspects weakening electricity prices will affect forecast earnings. The broker reduces FY20-22 estimates for earnings per share by -3-16%.
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