AGL Energy, Original Energy to Benefit From Rising Energy Demand, Jefferies Says

MT Newswires Live12-19

AGL Energy (ASX:AGL) and Origin Energy (ASX:ORG) remain "well positioned" to benefit from increasing electricity demand, coupled with ongoing investments in renewables and coal flexibility, according to a Thursday Jefferies note.

Jefferies said it expects November trading performance for AGL to be broadly in line with expectations and is expected to report fiscal 2026 earnings before tax, depreciation, and amortization of AU$2.1 billion.

For Origin's energy markets business, the investment firm expects EBITDA of AU$1.64 billion.

Jefferies kept a buy rating for AGL Energy and Origin Energy with price targets of AU$12.24 and AU$13.23.

Origin shares were up 1% in recent Friday trade.

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