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 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.

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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.

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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.

SSE: A Utility With Solid Upside And A High Yield

SSE PLC (LSE:SSE) is set to score government support for two hydrogen projects, designed to store energy and create the fuel using the company's own renewable energy respectively. Projects based in Yorkshire and the Scottish Highlands will benefit from the government's Net Zero Hydrogen Fund, SSE said on Wednesday, following negotiations with ministers.

SSE to score government funding for green hydrogen projects

SSE PLC (LSE:SSE) has been told a fine for overcharging the UK's electricity system operator will have to be paid by September, as regulator Ofgem confirmed the penalty on Tuesday. Ofgem formally ordered SSE to pay the £9.8mln fine on Tuesday, after announcing the FTSE 100-listed generator would be punished in June.

SSE told to pay fine for overcharging National Grid by September

SSE PLC (LON: SSE) ended marginally down on Thursday even though it reiterated the guidance for the full year. SSE says weather weighed on its output Shareholders were a bit concerned about the weakness in its first quarter trading update that the British energy giant said was related to weather conditions.

SSE reports a weak Q1: ‘we expect the company to unlock further value'

Air Products and Chemicals

Many people are willing to dismiss the world's push to net zero as a woke fad and turn their noses up at promising sustainable stocks. But when you look further back into history, you'll see that we've changed our energy mix several times.

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SSE PLC (LSE:SSE) has been fined almost £10mln by energy regulator Ofgem after the generator ramped up charges for National Grid to request power output be reduced. SSE will pay £9.78mln, Ofgem wrote in a statement, for securing excessive payments from the electricity system operator (ESO) to turn down generation at the Foyers pumped storage power station in Scotland.

SSE fined millions for overcharging National Grid

SSE plc focuses on expanding its renewable energy portfolio, aligning with the global shift towards clean and sustainable energy sources. The company is investing in energy storage solutions, EV charging infrastructure, and technological advancements to optimize operations, increase renewables output, and enhance grid reliability. SSE actively engages in partnerships to foster innovation and accelerate the adoption of clean energy solutions, while also capitalizing on trends such as electrification of heating systems and energy efficiency programs.

SSE: Significant Renewables Spending Driving Value

Deutsche Bank

SEE has received a price target lift following its results last week from Deutsche Bank, which suggests the new capex plan leaves it with a nicely balanced strategy. Guidance for this year from the power supplier was well ahead of expectations, the German bank also noted and though, subsequently, the shares have traded flat it argues the programme across power networks, renewables and zero carbon generation offers scope for “significant value creation”.

SSE gets upgrade from Deutsche Bank after bullish statement

SSE should post bumper full-year results on May 24 with the added kicker of an increase in medium-term earnings guidance as well, predicts Deutsche Bank. How well that sits with customers still smarting from soaring energy bills and politicians a year ahead of an election remains to be seen, but that's not Deutsche Bank's concern Analysts expect earnings of 164p, compared to company guidance of more than 160p, while its forecast of 151p for 2026 implies sharply higher revenue growth than previously.

News for SSE PLC Stock (SSEZY)