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The latest update is out from SSE ( (GB:SSE) ).
SSEN Transmission has responded to Ofgem’s Draft Determination for the RIIO-T3 price control period, emphasizing the critical role of investment in the electricity transmission network for achieving national energy objectives. While acknowledging some positive developments, SSEN Transmission expressed concerns that the draft does not provide an adequate framework to support the necessary investment levels for a clean power system by 2030. The company plans to work with Ofgem and stakeholders to ensure the final determination supports the required investment for a cleaner, more secure, and affordable energy system.
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
SSEN Transmission, headquartered in Perth with offices in Aberdeen, Inverness, and Glasgow, manages the electricity transmission network in the north of Scotland. It focuses on enabling the transition to a low-carbon economy by building infrastructure to connect and transport renewable electricity, supporting the UK’s clean power and energy security goals. SSEN Transmission is owned 75% by SSE plc and 25% by Ontario Teachers’ Pension Plan Board.
Average Trading Volume: 3,550,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: £20.12B
Find detailed analytics on SSE stock on TipRanks’ Stock Analysis page.