SSE plc Launches €1.3 Billion Hybrid Capital Securities to Boost Green Investment

SSE ( (GB:SSE) ) has shared an update.

SSE plc has successfully launched a dual tranche issue of hybrid capital securities, raising a total of €1.3 billion. This move is part of SSE’s strategy to replace its existing £600 million hybrid capital security and support its £17.5 billion investment plan aimed at advancing its clean energy transition. The issuance was well-received, being four times oversubscribed, indicating strong investor interest in SSE’s green infrastructure projects.

The most recent analyst rating on (GB:SSE) stock is a Buy with a £1930.00 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 benefits from a robust financial position, attractive valuation, and strategic corporate events. While technical indicators show upward momentum, caution is advised due to potential overbought conditions. Revenue growth challenges and high debt levels present risks, but the company’s commitment to clean energy initiatives and effective cost management support a positive outlook.

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

More about SSE

SSE plc is a company involved in the clean energy sector, focusing on the transition to sustainable energy solutions. It offers investment opportunities in green infrastructure as part of its strategic growth initiatives.

Average Trading Volume: 3,525,552

Technical Sentiment Signal: Strong Buy

Current Market Cap: £19.52B

For detailed information about SSE stock, go to TipRanks’ Stock Analysis page.