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%.
Shares in SSE PLC (LSE:SSE) and Centrica PLC (LSE:CNA) took a heavy beating on Friday after Chancellor Rachel Reeves signalled that the government is actively working to sever the link between electricity and gas prices - a reform that could fundamentally reshape the economics of the UK energy sector. SSE fell 5.2% and Centrica dropped 4.9%, making the two utilities among the biggest fallers on the FTSE 100 on a day when the broader mood across European markets was broadly positive, buoyed by hopes of progress in Middle East peace talks.
Does SSE PLC (SSEZY) have what it takes to be a top stock pick for momentum investors? Let's find out.
SSE PLC (LSE:SSE) shares fell 0.8% after a UBS downgrade following a 50% rebound from February lows, helped by the pivot to electricity networks in its new five-year investment plan. The Swiss bank raised its 12-month price target to 2,350p from 2,200p, but with just 7% implied upside from current levels, sees limited further runway and so downgraded the stock from 'buy' to 'neutral'.
SSE plc (OTCPK:SSEZY) Q2 2026 Earnings Call November 12, 2025 3:00 AM EST Company Participants Martin Pibworth - Chief Executive, Chief Commercial Officer & Executive Director Barry O'regan - CFO & Executive Director Conference Call Participants Robert Pulleyn - Morgan Stanley, Research Division Mark Freshney - UBS Investment Bank, Research Division Dominic Nash - Barclays Bank PLC, Research Division Harry Wyburd - BNP Paribas, Research Division Pavan Mahbubani - JPMorgan Chase & Co, Research Division Peter Bisztyga - BofA Securities, Research Division Ajay Patel - Goldman Sachs Group, Inc., Research Division James Brand - Deutsche Bank AG, Research Division Presentation Martin Pibworth Chief Executive, Chief Commercial Officer & Executive Director Good morning, everyone, and thank you for joining us today as we set out our transformational fully funded investment plan to deliver high-quality capital and earnings growth. As I give my first presentation as Chief Executive, I am delighted to say that before us lies the most exciting period of growth I have seen in my near 3 decades at SSE.
EU utilities have delivered strong returns over the past year, with Enel being a standout performer in my portfolio. My investments in conservative utilities like Enel and SSE PLC have yielded impressive results, especially when factoring in dividends and FX. While SSE PLC hasn't matched Enel's returns, its relative underperformance presents a potential buying opportunity for further investment.
SSE plc (OTCPK:SSEZF) Q4 2025 Earnings Conference Call May 21, 2025 5:00 PM ET Company Participants Alistair Phillips-Davies - Chief Executive Officer Barry O'Regan - Chief Financial Officer Martin Pibworth - Chief Executive Designate Conference Call Participants Mark Freshney - UBS Rob Pulleyn - Morgan Stanley Pavan Mahbubani - JPMorgan Deepa Venkateswaran - Bernstein Harry Wyburd - BNP Paribas Exane Dominic Nash - Barclays Peter Bisztyga - Bank of America James Brand - Deutsche Bank Charles Swabey - HSBC Ahmed Farman - Jefferies Jenny Ping - Citi Alistair Phillips-Davies Good morning, and welcome to our Full Year Results Presentation. My 12th and final as SSE's Chief Executive.
The UK's energy regulator has approved a smaller-than-expected £4 billion of investment for the country's three transmission owners owned by National Grid PLC (LSE:NG.), SSE PLC (LSE:SSE) and Scottish Power to build out the electricity grid.
SSE is hampered in capacity growth, particularly skewed towards offshore wind, despite having lots of undeveloped asset space and projects underway. The issue is installation vessel availability, but once that is resolved, nice capacity increases are coming. SSE is making major battery investments as well to help them monetize electricity at opportune moments, supporting their regulated utility business.
Utilities have fallen out of favour a little with the rise in bond yields in the US and UK, but earnings across the sector should be supportive in the next round of updates says Citi, which still likes National Grid PLC (LSE:NG.) and SSE PLC (LSE:SSE).