0012 GMT - AGL Energy's bull at Macquarie views the outlook for FY 2027 as challenged. Batteries will be tailwind for AGL, supported by a contribution from new energy storage at the site of the former coal-fired power plant at Liddell in New South Wales state. However, pricing in some eastern and Australian states is lower and this will impact profitability of power generation, Macquarie says. "AGL flagged it sees volatility normalizing to higher levels," says Macquarie. "We think this is post Eraring/Yallourn exiting (FY 2029)." Eraring and Yallourn are coal-fired power stations nearing the end of their life. Macquarie has an outperform call and A$10.40/share price target on AGL, which is up 0.7% at A$9.96. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 11, 2026 19:12 ET (00:12 GMT)
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