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%.
SSE PLC (LSE:SSE) shares rose after the UK government confirmed plans to move older wind and solar farms onto fixed-price contracts. Shares in SSE, which owns windfarms and hydroelectric power plants, rose 3.8% to 2,614p early on Tuesday, while fellow FTSE 100-listed energy producers Centrica PLC (LSE:CNA) and FTSE 250-listed Drax Group (LSE:DRX) were up 1.7% and 1.8%.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MD Michelle Dubey Yousif Capital Management LLC | 14,052 | $309,925.2 | $457,392.6 | $147,467.4 | 47.58% |
Peter Sigismondi Ramirez Asset Management, Inc. | 211,640 | $4.98M | $6.88M | $1.9M | 38.11% |
| Electric Utilities Industry | Utilities Sector | Martin Pibworth CEO | OTC PINK Exchange | 81012K309 CUSIP |
| GB Country | 14,980 Employees | 5 Dec 2025 Last Dividend | 31 Mar 2004 Last Split | - IPO Date |