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SSE ( (GB:SSE) ) just unveiled an update.
SSEN Transmission, majority owned by SSE plc, has secured a £1bn, 12-year syndicated green bank facility backed by an £800m financial guarantee from the UK Government’s National Wealth Fund to finance four major grid upgrade projects in northern Scotland, including the Skye Reinforcement, Argyll and Kintyre 275kV Strategy, the Orkney Connection and the Eastern Green Link 2 subsea link. The funding, led by a consortium of major relationship banks, provides longer-dated, diversified financing that aligns with the life of grid assets and underpins critical infrastructure expansion, including first-time transmission connection for Orkney and the UK’s largest-ever single transmission investment, reinforcing SSE’s role in delivering clean power, enhancing energy security, boosting local and national economies, and progressing independently endorsed projects deemed essential by NESO and Ofgem.
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 score is driven by a strong strategic investment plan and positive technical indicators. However, financial performance concerns, particularly in cash flow management, and a relatively high valuation temper the outlook. The company’s proactive corporate events and earnings call insights provide a positive strategic direction, supporting a favorable long-term view.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
SSE plc is a UK-based electricity infrastructure company with a 75% stake in SSEN Transmission, which owns and operates the high-voltage transmission network in the north of Scotland. Trading as Scottish Hydro Electric Transmission plc, SSEN Transmission invests in and maintains 132kV to 400kV grid assets to connect and transport renewable electricity from northern Scotland to population centres, supporting the country’s clean power, energy security and net-zero ambitions.
Average Trading Volume: 4,029,560
Technical Sentiment Signal: Buy
Current Market Cap: £25.88B
For detailed information about SSE stock, go to TipRanks’ Stock Analysis page.