AGL Energy Limited·Utilities

Australia's AGL Energy on Wednesday raised the lower end of its full-year profit forecast, helped by the continued strong operational and financial performance of its business since its last update in February.

AGL Energy Limited (OTCMKTS:AGLNF - Get Free Report) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 1,116,298 shares, an increase of 24.3% from the February 12th total of 898,263 shares. Based on an average trading volume of 677 shares, the short-interest ratio is presently 1,648.9
AGL Energy Limited supplies energy and other services to residential, small and large businesses, and wholesale customers in Australia. It operates through three segments: Customer Markets, Integrated Energy, and Investments. The company engages in generating electricity through coal and gas-fired generation, thermal, hydro, wind, batteries, and solar power plants; gas storage activities; and the retail sale of electricity, gas, broadband/mobile/voice, solar, and energy efficiency products and services. It operates electricity generation portfolio of 10,330 megawatts; the Newcastle gas storage facility in New South Wales; the Silver Springs underground gas storage facility in Queensland; natural gas production assets at Camden in New South Wales; and the North Queensland gas assets. The company serves 4.2 million customer accounts. AGL Energy Limited was founded in 1837 and is based in Sydney, Australia.
Utilities
Independent Power Producers
3,735
2008-06-24
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