SSE PLC (LSE:SSE), the UK-listed utility, remains on track with its £33 billion investment programme after reiterating earnings guidance and reporting a sharp increase in network investment, Jefferies said. The broker retained its 'buy' rating and 3,060p price target against a reference share price of 2,491p, implying a 23% upside, after SSE reiterated its adjusted earnings per share guidance of 168p to 193p for the 2026/27 financial year.
After losing some value lately, a hammer chart pattern has been formed for SSE (SSEZY), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Shares in SSE PLC (LSE:SSE), Centrica and several renewable energy investment companies rose after the UK government confirmed plans to move older wind and solar farms onto fixed-price contracts, or else be hit with higher windfall taxes. SSE, which owns windfarms and hydroelectric power plants, saw its share climb 3.3% to 2,610p on Tuesday, while fellow FTSE 100-listed energy producer Centrica PLC (LSE:CNA), which owns British Gas, and FTSE 250-listed biomass burner Drax Group (LSE:DRX) were up 2.3% and 1.8%.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CD Charlie Durham Sterling Capital Management LLC | 10,838 | $361,168.62 | $361,772.44 | $603.82 | 0.17% |
Peter Sigismondi Ramirez Asset Management, Inc. | 233,784 | $5.7M | $7.8M | $2.1M | 36.93% |
| Electric Utilities Industry | Utilities Sector | Martin Pibworth CEO | OTC PINK Exchange | 78467K107 CUSIP |
| GB Country | 15,197 Employees | 24 Jul 2026 Last Dividend | 31 Mar 2004 Last Split | - IPO Date |