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SSE ( (GB:SSE) ) just unveiled an announcement.
SSE PLC’s recent trading statement highlights a strong operational performance with an expected adjusted earnings per share for 2024/25 between 154 – 163 pence. The company reported a 26% increase in renewables output due to capacity additions and variable weather conditions, alongside strategic developments in grid infrastructure and wind power projects. SSE’s strategic focus includes the publication of SSEN Transmission’s RIIO-T3 Business Plan, which outlines significant investments in grid infrastructure to support energy security and transition to net-zero. Key projects include advancements in onshore and offshore wind farms and the construction of a sustainable biofuel plant in Ireland, reflecting SSE’s commitment to clean power and strategic delivery.
More about SSE
SSE PLC is a prominent energy company operating primarily in the renewables and electricity networks sectors. It is actively involved in the generation of renewable energy and the construction of critical grid infrastructure, with a focus on supporting the UK and Scotland’s energy security and net-zero goals. SSE’s market focus includes the development of onshore and offshore wind farms, sustainable biofuel plants, and extensive grid infrastructure projects.
YTD Price Performance: 2.03%
Average Trading Volume: 3,194,857
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £17.81B
Find detailed analytics on SSE stock on TipRanks’ Stock Analysis page.
