Accel Is A Hard Act To Sell For New AGL
This story features AGL ENERGY LIMITED. For more info SHARE ANALYSIS: AGL
While AGL Energy’s split is supposed to set up both demerged entities for success, the jury’s out on whether funding provisions are adequate for both companies to pursue its growth ambitions.
-Greater clarity needed on dividend policies
-Brokers’ worry funding won’t support future growth
-Further earnings downgrades likely
By Mark Story
As far as embattled energy giant AGL Energy ((AGL)) is concerned the tilt towards renewable energy is very much a two-edged sword. Falling wholesale electricity prices, courtesy of renewable energy, are directly responsible for the company’s long awaited split
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