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SSE ( (GB:SSE) ) has issued an announcement.
SSE PLC has announced a conditional retail offer of new ordinary shares through RetailBook, targeting both existing shareholders and new investors. This initiative is part of a broader equity issue that includes a non-pre-emptive placing and a subscription by the executive management team and certain directors. The proceeds from this equity issue will support SSE’s five-year strategic investment plan for FY26-30. The retail offer is designed to give retail investors an opportunity to participate in line with Pre-Emption Group guidelines, with priority given to existing shareholders. The offer is conditional on the successful completion of the placing and the admission of the new shares to the London Stock Exchange.
The most recent analyst rating on (GB:SSE) stock is a Buy with a £2200.00 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 technical indicators and positive earnings call highlights, including record earnings and growth in key sectors. The financial performance shows some volatility, particularly in cash flow management, but the valuation remains fair. The positive sentiment from the earnings call offsets some of the financial concerns, leading to a favorable overall score.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
Average Trading Volume: 2,833,770
Technical Sentiment Signal: Buy
Current Market Cap: £21.42B
For detailed information about SSE stock, go to TipRanks’ Stock Analysis page.