AGL Energy Keeps Bull Despite Mild Weather -- Market Talk

Dow Jones
05-26

0347 GMT - AGL Energy's bull at Macquarie thinks the chances of the Australian power supplier generating a positive earnings surprise are receding. A note from an analyst at the investment bank points out that the weather heading into the Australian winter has been mild so far, while power pricing volatility is shrinking. Macquarie's base case is for flat earnings in fiscal 2026. That's still sufficient for the stock to keep its outperform rating, with the analyst note citing a favorable macro outlook from battery adoption and government policy. Macquarie trims its target price by 6.7% to A$11.47. Shares are up 1.0% at A$10.34. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 25, 2025 23:47 ET (03:47 GMT)

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