Business
AGL Energy (ASX:AGL) share price hits 52-week low
The AGL Energy Limited (ASX: AGL) share price has been under pressure lately. Shares in the Aussie energy group fell 1.0% lower on Friday to close at $8.71 per share.
That’s a new 52-week low for the electricity generator and retailer or ‘gentailer’, so what does May 2021 look like from here?
Why the AGL Energy share price is at a 52-week low
April was a busy month for the Aussie energy company. AGL announced on 30 March that it intended to create a demerger of sorts to create “two leading energy businesses”.
That plan was unveiled by AGL managing director and CEO, Brett Redman. Mr Redman said there will be a structural separation of the existing group into:
- “New AGL”, Australia’s largest multi-product energy…
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