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SSE ( (GB:SSE) ) has shared an update.
SSE plc has successfully completed a non-pre-emptive equity issue, raising approximately £2.0 billion through the placement of 97,916,637 new ordinary shares. This capital will support SSE’s £33 billion five-year strategic investment plan aimed at transforming the energy system. The equity issue included participation from institutional investors, retail investors, and company directors, with shares priced at a 3.8% premium to the previous closing price. The move is expected to bolster SSE’s market position and accelerate its investment in sustainable energy solutions.
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 a strong earnings call that outlines a transformative investment plan with significant growth potential. The technical analysis supports a positive trend, though caution is advised due to overbought signals. Financial performance is mixed, with concerns about cash flow management, but valuation metrics are reasonable, providing a balanced outlook.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
SSE plc operates in the energy industry, focusing on the generation, transmission, distribution, and supply of electricity and gas. The company is committed to building a cleaner, more secure, and affordable energy system, aligning with its strategic investment plans.
Average Trading Volume: 2,833,770
Technical Sentiment Signal: Buy
Current Market Cap: £21.42B
Learn more about SSE stock on TipRanks’ Stock Analysis page.