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SSE ( (GB:SSE) ) just unveiled an update.
SSE’s Q1 Trading Statement highlights strong operational performance in its Networks division, despite a decrease in renewables output due to unfavorable weather conditions. The company remains committed to its financial guidance and continues to advance its £17.5bn investment plan to 2027, with key regulatory and project milestones achieved. Notably, the UK Government’s decision to retain a national pricing system for electricity and Ofgem’s draft determination for transmission investments provide clarity and support for SSE’s growth strategy. SSE’s strategic initiatives, including the approval of the Skye Reinforcement project and the construction of the Platin power station, underscore its commitment to enhancing energy security and expanding renewable capacity.
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’s overall score is driven by strong earnings call results and positive technical indicators, highlighting robust strategic direction and market performance. However, financial performance shows mixed results and cash flow challenges, which slightly temper the overall positive outlook.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
SSE plc is a leading energy company in the UK, primarily operating in the renewables and networks sectors. The company focuses on electricity generation, transmission, and distribution, with significant investments in renewable energy projects and infrastructure upgrades to support the UK’s transition to clean energy.
Average Trading Volume: 3,360,391
Technical Sentiment Signal: Strong Buy
Current Market Cap: £20.12B
For a thorough assessment of SSE stock, go to TipRanks’ Stock Analysis page.