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SSE ( (GB:SSE) ) has shared an update.
SSEN Transmission, a subsidiary of SSE plc, has successfully issued a €750 million green bond in the Euro bond market, marking its second issuance. This bond, maturing in 2033, will finance critical infrastructure as part of a £22 billion investment program aimed at upgrading the transmission network in Scotland, supporting the UK’s 2030 net zero targets. The issuance strengthens SSE’s position as a leader in green finance, with a total of £5.5 billion in outstanding green bonds, and highlights its commitment to financial discipline and sustainable energy infrastructure.
The most recent analyst rating on (GB:SSE) stock is a Buy with a £1973.00 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 reflects a combination of strong earnings growth and positive future guidance from the earnings call, balanced by mixed financial performance and neutral technical indicators. The valuation is fair, supported by a solid dividend yield. The most significant factors are the positive earnings call and fair valuation, while financial performance and technical analysis present areas for caution.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
SSE plc is a leading company in the energy sector, primarily focusing on the transmission and distribution of electricity. Its subsidiary, SSEN Transmission, plays a crucial role in maintaining and investing in high voltage electricity networks in the north of Scotland. SSE is recognized as the UK’s largest corporate issuer of green bonds, emphasizing its commitment to supporting the clean energy transition.
Average Trading Volume: 3,100,928
Technical Sentiment Signal: Strong Buy
Current Market Cap: £19.73B
For an in-depth examination of SSE stock, go to TipRanks’ Overview page.