SSE plc Reports Steady Half-Year Earnings and Strategic Progress

SSE ( (GB:SSE) ) has issued an announcement.

SSE plc announced its expectation to report a half-year adjusted Earnings Per Share between 33 and 37 pence, consistent with seasonal averages, while maintaining its full-year performance outlook. The company is accelerating its network business delivery, with a significant increase in investments, despite facing unfavorable weather conditions impacting renewable energy output. SSE is progressing with its NZAP Plus investment program and has secured major consents for key projects, positioning itself strongly for future growth. Total capital expenditure is expected to reach £1.5bn, with adjusted net debt and hybrid capital around £11.5bn.

The most recent analyst rating on (GB:SSE) stock is a Buy with a £21.00 price target. To see the full list of analyst forecasts on SSE stock, see the GB:SSE Stock Forecast page.

Spark’s Take on GB:SSE Stock

According to Spark, TipRanks’ AI Analyst, GB:SSE is a Outperform.

SSE’s overall stock score is driven by strong earnings growth and positive guidance from the earnings call, which highlights significant achievements in the networks and renewables sectors. However, financial performance shows mixed results with concerns over cash flow management, and technical indicators suggest potential bearish momentum. Valuation remains attractive with a reasonable P/E ratio and a solid dividend yield.

To see Spark’s full report on GB:SSE stock, click here.

More about SSE

SSE plc operates in the energy sector, focusing on electricity generation and distribution. The company is heavily involved in renewable energy projects, including offshore and onshore wind farms, and is committed to enhancing its network infrastructure.

Average Trading Volume: 2,889,200

Technical Sentiment Signal: Strong Buy

Current Market Cap: £18.92B

See more insights into SSE stock on TipRanks’ Stock Analysis page.