AGL Keeps Bull Despite Softer Power Price Outlook -- Market Talk

Dow Jones

Jan 14

0049 GMT - AGL Energy keeps its bull at Macquarie despite a softer outlook for Australian power prices. A note from one of the investment bank's analysts points out that prices in Australia's most populous state have been weakening over the past three months, perhaps due to improved grid confidence during periods of heat-driven demand. The impact on the current FY is negligible, but this is emerging as a headwind for earnings in FY 2027 and FY 2028, the note says. However, the analyst reckons that AGL's A$3 billion battery investment over the next four years should offset lost earnings from legacy gas and coal contracts. Its target price falls 5.5% to A$10.40 but Macquarie keeps an outperform rating on the stock, which is down 1.9% at A$8.71. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 13, 2026 19:49 ET (00:49 GMT)

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A note from one of the investment bank's analysts points out that prices in Australia's most populous state have been weakening over the past three months, perhaps due to improved grid confidence during periods of heat-driven demand. The impact on the current FY is negligible, but this is emerging as a headwind for earnings in FY 2027 and FY 2028, the note says. However, the analyst reckons that AGL's A$3 billion battery investment over the next four years should offset lost earnings from legacy gas and coal contracts. Its target price falls 5.5% to A$10.40 but Macquarie keeps an outperform rating on the stock, which is down 1.9% at A$8.71. 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A note from one of the investment bank's analysts points out that prices in Australia's most populous state have been weakening over the past three months, perhaps due to improved grid confidence during periods of heat-driven demand. The impact on the current FY is negligible, but this is emerging as a headwind for earnings in FY 2027 and FY 2028, the note says. However, the analyst reckons that AGL's A$3 billion battery investment over the next four years should offset lost earnings from legacy gas and coal contracts. Its target price falls 5.5% to A$10.40 but Macquarie keeps an outperform rating on the stock, which is down 1.9% at A$8.71. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2026 19:49 ET (00:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PW","symbol_name":"Power REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603021651","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603021651","pubTimestamp":1768351740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0049 GMT - AGL Energy keeps its bull at Macquarie despite a softer outlook for Australian power prices. A note from one of the investment bank's analysts points out that prices in Australia's most populous state have been weakening over the past three months, perhaps due to improved grid confidence during periods of heat-driven demand. The impact on the current FY is negligible, but this is emerging as a headwind for earnings in FY 2027 and FY 2028, the note says. However, the analyst reckons that AGL's A$3 billion battery investment over the next four years should offset lost earnings from legacy gas and coal contracts. Its target price falls 5.5% to A$10.40 but Macquarie keeps an outperform rating on the stock, which is down 1.9% at A$8.71. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PW":"Power REIT","AGL":"agilon health, inc."},"translate_title":"尽管电价前景疲软，AGL仍保持牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGL":1.5,"PW":1.5},"content_text":"0049 GMT - AGL Energy keeps its bull at Macquarie despite a softer outlook for Australian power prices. A note from one of the investment bank's analysts points out that prices in Australia's most populous state have been weakening over the past three months, perhaps due to improved grid confidence during periods of heat-driven demand. The impact on the current FY is negligible, but this is emerging as a headwind for earnings in FY 2027 and FY 2028, the note says. However, the analyst reckons that AGL's A$3 billion battery investment over the next four years should offset lost earnings from legacy gas and coal contracts. Its target price falls 5.5% to A$10.40 but Macquarie keeps an outperform rating on the stock, which is down 1.9% at A$8.71. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2026 19:49 ET (00:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}