Business
Why the AGL Energy (ASX:AGL) share price is climbing today
The AGL Energy Limited (ASX: AGL) share price has climbed off a 52-week low today in a positive start to the new year.
At the time of writing, the AGL share price is trading up 1.26% at $12.10.
Why was the AGL share price at a 52-week low?
Shares in the Aussie energy generator and retailer finished 2020 at a 52-week (and 5-year) low of $11.95 per share.
The AGL Energy share price slumped 6% in December after downgrading its earnings guidance for FY2021.
That sharp share price move came after a serious injury at the company’s Liddell power station on 18 December.
All of these events combined to send the AGL Energy share price tumbling to close out the year at a 52-week low.
That trend has reversed this morning with shares…
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