Near-Term Outlook Favourable for AGL Despite Government Efforts to Tackle Energy Crisis; Lifting FVE
With Australia's energy crisis garnering huge media attention, governments are starting to act with investment, reviews, and reform to improve security and reliability of gas and electricity supply. We believe government measures will also help reduce prices; however, this will take time and until then, narrow moat-rated AGL Energy is well placed to grow earnings strongly. We upgrade our medium-term earnings forecasts to reflect continued growth in wholesale electricity prices, and assume more o...AGL Energy is a renewable energy company, serving customers throughout eastern Australia. Co. has four segments: Energy Market, which sells electricity, natural gas, and energy related products and services to consumer market, business and wholesale customers, servicing approximately 3.7 million customer accounts as of June 30 2016; Group Operations, a diverse power generation portfolio; New Energy, which focuses on taking new and distributed technologies to market in Australia, including AGL Solar, and Distributed Energy Services such as Active Stream, its digital meter installation and data provider business; and Investment, which include investments in various energy related business.
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