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SSE ( (GB:SSE) ) just unveiled an update.
SSE PLC has reported a strong operational performance for the first three quarters of the 2024/25 financial year, driven by a 26% increase in renewables output due to capacity additions and favorable weather conditions. Despite variable weather and market conditions, the company projects its full-year adjusted earnings per share to range between 154-163 pence. SSE is also making significant strategic progress, with substantial investments planned in grid infrastructure and renewable energy projects, such as the Dogger Bank offshore wind farm and the Tarbert Next Generation power station. These efforts are part of SSE’s commitment to the UK’s Clean Power Action Plan, positioning the company as a key player in the transition to a low-carbon future.
More about SSE
SSE PLC is a prominent company in the energy sector, primarily focusing on electricity generation, transmission, and distribution. The company is heavily invested in renewable energy, with a significant emphasis on wind power and sustainable biofuel energy solutions, aiming to support the UK and Scotland’s energy security and decarbonization goals.
YTD Price Performance: 2.03%
Average Trading Volume: 3,194,857
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £17.81B
For detailed information about SSE stock, go to TipRanks’ Stock Analysis page.
