Business
Why the AGL Energy (ASX:AGL) share price continues to sink lower
The AGL Energy Limited (ASX: AGL) share price hit a new 52-week low yesterday. Shares in the Aussie energy producer slumped 2.1% lower to close at $10.93 per share on Tuesday. That means the AGL share price has now hit a new 10-year low with a $6.8 billion market capitalisation.
It’s been a steady decline since early 2020, but what’s going on with the Aussie utility?
Why the AGL share price is falling lower
AGL is a leading Aussie electricity and gas generator and retailer. It is part of the ‘big three’ alongside Origin Energy Ltd (ASX: ORG) and the unlisted Energy Australia.
The Aussie gentailer has a diversified portfolio of energy-producing assets across Australia. This includes coal-fired power plants, renewables…
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