SSE PLC

SSE Plc engages in the generation, transmission, distribution, and supply of electricity. It operates through the following segments: Networks, Retail, and Wholesale. The Networks segment includes electricity distribution, electricity transmission, and gas distribution. The Retail segment comprises the business energy, airtricity, and enterprise. The Wholesale segment involves the energy portfolio management, electricity generation, gas storage, and gas production. The company was founded in 1943 and is headquartered in Perth, the United Kingdom.

SSE's 1H FY2025 results show strong financial growth driven by renewables and electricity networks. The company will benefit from supportive UK policies under the new government. Investments in regulated networks and long-term renewable contracts aim to enhance earnings stability.

SSE's Story Is Just Beginning

Citi has downgraded SSE PLC (LSE:SSE) to a 'sell' rating, cautioning investors about potential setbacks in the energy firm's growth strategy. Despite SSE's strong portfolio in renewables and energy networks, the investment bank expressed concerns over delays in deploying offshore wind projects, which could impact the company's earnings per share and overall returns.

SSE downgraded to ‘sell' amid concerns over offshore wind and market volatility

SSE plc output seems to point to an on-track situation with renewable development, which has been an important business driver. Electricity prices are also tending upwards a bit, which should mitigate issues in thermal. In general, plenty of investment sink for the regulated utilities business in tackling electrification.

SSE: May Not Be Enough Force Behind Offshore Wind

Scotland-based energy major SSE PLC (LSE:SSE) restated its growth targets in a trading update published on Thursday, stating that the Labour government's clean energy policies will be supportive of the company's forecasts. SSE outlined a £20.5 million five-year investment programme in May, with 34% of the investment earmarked for renewables.

SSE's outlook supported by Labour's renewable investment policies

Company news is back centre stage on Thursday though there should be more detailed consideration of all the proposals in Wednesday's King's speech.

AJ Bell, SSE, Qinetiq lead the way on Thursday

TotalEnergies SE

French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle (EV) fast-charging market in Britain and Ireland by launching a joint venture named Source, the companies said on Tuesday.

TotalEnergies, SSE to launch EV charging company in UK and Ireland

SSE plc (OTCPK:SSEZF) Q4 2024 Earnings Conference Call May 22, 2024 5:00 AM ET Company Participants Alistair Phillips-Davies - CEO Martin Pibworth - CCO Barry O'Regan - CFO Conference Call Participants Rob Pulleyn - Morgan Stanley Mark Freshney - UBS Deepa Venkateswaran - Bernstein Ajay Patel - Goldman Sachs Jenny Ping - Citi Dominic Nash - Barclays Peter Bisztyga - Bank of America Harry Wyburd - BNP Paribas Exane Charles Swabey - HSBC Pavan Mahbubani - JPMorgan Alistair Phillips-Davies Good morning, and thank you for joining us for our Full Year Results Presentation. I'm joined by Chief Commercial Officer, Martin Pibworth; and Barry O'Regan, our Chief Financial Officer.

SSE plc (SSEZF) Q4 2024 Earnings Call Transcript

British power generator and network operator SSE posted a lower annual adjusted operating profit on Wednesday, partly due to lower energy prices.

SSE's annual profit falls on lower energy prices

SSE plc is a utility company with solid fundamentals, including a 5%+ dividend yield and a normalized P/E of around 10x. The company reaffirms its 2024E guidance, indicating positive growth potential. SSE faces challenges with renewable output and weather variability, but new government policies are supportive of the business. I still view it as a "Buy", but better ones exist.

SSE: Keeping Focus On Utility Stocks

SSE PLC (LSE:SSE) climbed 2.8% on Wednesday after tweaking full-year earnings per share guidance to 152-160p, from “more than 150p” previously. The FTSE 100-listed energy firm said the figure, which compares to last year's 166p, reflects reduced renewable output and an adjusted operating profit of over £750 million from its gas and thermal division, against £1.24 billion previously.

SSE climbs as guidance narrowed and renewable output improves

British power generator and network operator SSE kept its annual profit forecast on Thursday, but warned that final numbers for the full year could be in a narrower range due to lower-than-expected renewables production in the third quarter.

SSE reaffirms annual profit forecast; Q3 renewables output misses view

SSE PLC (LSE:SSE), the energy company, reaffirmed its guidance on Thursday despite a sharp drop in UK power prices and weather affecting its renewables output. Earnings per share guidance was maintained at 150p, which kept in line with forecasts from Deutsche Bank, but was behind Bloomberg consensus of 159p.

SSE backs guidance despite lower renewable output

SSE PLC (LSE:SSE) earnings this year are likely to dented by the sharp drop in UK power prices in recent weeks, Deutsche Bank said, leading it to trim medium-term earnings forecasts and its share price target ahead of the renewable electricity generation group's results on Thursday. Power prices have "dropped quite sharply since the beginning of the year and forward spark spreads have decreased", the bank said, adding that each of these factors are "moderately unhelpful" for SSE's earnings.

SSE to keep guidance despite sharp drop in UK power prices so far in 2024 - analyst

Lloyds Banking Group

Bolstered by the recent gains and robust market performance in 2023, investors keen on navigating the FTSE 100 are presented with many promising opportunities in 2024.

Top 5 FTSE 100 stocks to watch in 2024

Utility stocks have attracted plenty of comment from City analysts today.  The team at UBS has rejigged some ratings and price targets in the sector with National Grid upgraded to ‘buy' from ‘neutral, SSE PLC (LSE:SSE) (SSE PLC (LSE:SSE)) downgraded to ‘neutral' from ‘sell' with British Gas owner, Centrica, kept as ‘neutral' with an increased price target of 165p, up from 145p.

SSE draws mixed reviews as City assess utility prospects

SSE's results show encouraging resilience through a challenging interim period. There's enough balance sheet headroom to juggle capital returns, capex investments, and potentially overseas expansion. The stock remains reasonably priced relative to its growth potential and offers an attractive dividend yield to boot.

SSE: Not Your Run-Of-The-Mill Utility Company

British power generator and network operator SSE Plc on Wednesday reported half-year earnings above its forecast, driven by strong operational performance and a lower-than-expected effective rate of tax for the fiscal year.

Britain's SSE posts half-year profit above expectation

SSE PLC (LSE:SSE) reported a modest rise in profits in the first half of the year as a strong performance in the renewables and thermal units offsetting a fall in the distribution business. The FTSE 100-listed firm said in the six months to September 30, pre-tax profit rose 1% to £565.2 million from £559.4 million while adjusted earnings per share of 37.0p, although ahead of pre-close guidance, were down 11% from 41.8p Greater investment led to increasing profitability in SSEN Transmission, offset by the 25% non-controlling interest divested in November 2022, whilst the timing of cost inflation recovery in SSEN Distribution principally led to lower profitability, down 31%, SSE said.

SSE posts flat profit with renewables and thermal the bright spots

E.ON SE

BG Group plc (LSE:BG.), SSE PLC (LSE:SSE), OVO, Bulb, E.ON and Scottish Power have been charged £10.8 million in penalties by the energy regulator for missing smart meter installation targets for 2022.

British Gas, SSE, E.ON face penalties for missing smart meter target

Brookfield Renewable Partners

With oil prices rising thanks to uncertain macroeconomic conditions, many investors are hunting for top energy stocks to capitalize on. But it's important to remember that oil prices aren't always riding high — their brief dip below zero a few years ago is easily forgotten.

The 3 Top Energy Stocks to Watch in Q4

SSE PLC (LSE:SSE)'s shortfall in renewable energy production was mitigated by a strong performance in its flexible thermal division, highlighting the generator's well-balanced model, brokers say. Following an update from SSE hinting toward lower earnings at the half-year stage, Peel Hunt remained confident on the generator.

SSE's well-balanced model shows as renewables underperform - broker

SSE PLC (LSE:SSE) said it expects underlying earnings per share to fall 28% to 30p in the first half of the year due to its renewables performance being below expectations. The FTSE 100-listed power generations company, which has a 4GW portfolio of onshore wind, offshore wind and hydro power, said it still expects full-year adjusted EPS of more than 150p, which would still be a decline of almost 10%.

SSE expects 28% fall in first-half earnings

SSE PLC (LSE:SSE) has begun construction of an onshore wind farm in France, marking the generator's first project outside of Britain and Ireland. Based in Chaintrix, to the east of Paris, the wind farm will be made of up of eight turbines and is estimated to be completed by late 2024.

SSE begins first project outside of UK and Ireland

SSE PLC (LSE:SSE) is among the most attractive UK utilities thanks to high prices and ensured returns on renewables, according to JP Morgan analysts. In fact, utilities may well outperform the wider FTSE-350 index as a whole heading into the end of the year, analysts said, as their “defensive qualities” show against macroeconomic uncertainty.

SSE ‘top pick' in favourable energy market - JP Morgan

SSE PLC has solid operating fundamentals and a well-established growth in earnings. The company has a high degree of alignment with the future of sustainable energy, including wind and solar. SSE PLC is pursuing assets optimization plans and rebalancing its dividend, which may lead to future growth opportunities.

News for SSE PLC Stock (SSEZY)