TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
SSE ( (GB:SSE) ) has shared an update.
SSEN Transmission has responded to Ofgem’s Final Determination for the RIIO-T3 price control period, which is crucial for ensuring clean and affordable energy across the UK. The determination aims to reduce reliance on imported energy, alleviate grid bottlenecks, and enhance energy security, while also driving economic growth and job creation. SSEN Transmission acknowledges improvements in baseline expenditure and financial parameters but requires further assessment to evaluate the investability of the package. The company is committed to working with Ofgem to secure a price control settlement that supports significant investment in clean power and energy security.
The most recent analyst rating on (GB:SSE) stock is a Hold with a £2350.00 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
SSEN Transmission, headquartered in Perth with offices in Aberdeen, Inverness, and Glasgow, is responsible for the electricity transmission network in the north of Scotland. It focuses on investing in and maintaining high voltage electricity transmission networks to support the transition to a low carbon economy by connecting and transporting renewable electricity. SSEN Transmission is owned 75% by SSE plc and 25% by Ontario Teachers’ Pension Plan Board.
Average Trading Volume: 3,877,085
Technical Sentiment Signal: Buy
Current Market Cap: £26.73B
For an in-depth examination of SSE stock, go to TipRanks’ Overview page.