What's going on with AGL Energy Limited (AGL) share price?

Market watchers will be well aware of the struggles the AGL Energy Limited ( ASX: AGL) share price has faced lately. After starting the year trading for $12.12 apiece, AGL shares are currently trading for $7.52 per share. The company has recently been battling to sell the market on its contentious demerger plan.

Is AGL Energy Ltd a good investment option?

If you are looking for stocks with good return, AGL Energy Ltd can be a profitable investment option. AGL Energy Ltd quote is equal to 10.230 AUD at 2024-06-01. Based on our forecasts, a long-term increase is expected, the "AGL" stock price prognosis for 2029-05-25 is 15.168 AUD.

Will AGL boost its share price?

Or, before AGL manages to inspire the general market's confidence, as that would assumably boost its share price. Additionally, the company is reportedly looking to purchase embattled solar company Autonomous Energy, which could provide a step towards AGL's goal of decarbonising its business.