Sse Share Discussion Threads

[skinny] 17/4/2024 10:45

FWIW :-

RBC cuts SSE price target to 1,925 (2,050) pence - 'outperform'

Goldman Sachs raises SSE price target to 2,424 (2,403) pence - 'buy'

[wad collector] 12/4/2024 14:52

JPM in the last 2 yrs have altered their target price from 2100 to 2125 to 2050 and now 2075. So hardly changed at all . Sadly never been above 1910 in that time.

[skinny] 12/4/2024 12:46

FWIW :- JPMorgan raises SSE price target to 2,075 (2,050) pence - 'overweight'

[wad collector] 07/4/2024 10:35

Big article in IC on SSE questioning its net zero strategy. Points out that the big investments in connections from offshore windfarms and Scottish Islands , though expensive, will hugely raise the Regulated Asset Base that the regulators use to determine the limits on profits. Potentially this should allow bigger profits.
The profit from the renewables is also rather dependant on the numbers in the auctions for new projects and whether the subsidy rises will entice SSE remains to be seen.
Their conclusion , FWIW , is that if you believe a UK Government will have to put more money into windfarms then SSE looks undervalued in the medium term.

Mind you it makes no mention of any potential future Labour Government re-arranging SSE.

[jrphoenixw2] 30/3/2024 11:43

SSE PLC NOTIFICATION OF CLOSED PERIOD 27 MARCH 2024

• 2023/24 adjusted earnings per share expected to be in the range of 152 – 160 pence,consistent with previous guidance.

• On course to deliver investment of around £2.5bn this financial year, reflecting high-quality project pipeline and disciplined capital allocation.

• Reaffirming target of 175 – 200 pence adjusted earnings per share for 2026/27, as the Group continues to deliver the Net Zero Acceleration Programme Plus.

PRE-CLOSE TRADING UPDATE
SSE today updates the market that it expects full-year 2023/24 adjusted earnings per share to be between 152 – 160 pence. This narrower range is consistent with previous guidance of more than 150 pence, and reflects renewables output 13% below plan for the year to 21 March 2024 as well as SSE Thermal delivering adjusted operating profit of more than £750m.

The Group remains on track to report full-year 2023/24 capital expenditure of around £2.5bn, as it continues to progress its high-quality project pipeline. This is underpinned by a strong balance sheet, with adjusted net debt and hybrid capital expected to be around £9.5bn at 31 March 2024.

In the longer term, the Group continues to focus on the delivery of the investment, operational and financial growth targets as set out in the Net Zero Acceleration Programme Plus. This includes reaffirming the target of 175 – 200 pence adjusted earnings per share for 2026/27. The full-year Results presentation and Q&A session will be conducted virtually on 22 May 2024.
Source:

[wad collector] 19/3/2024 10:54

ESO publishes a plan ...
hxxps://www.nationalgrideso.com/news/eso-publishes-beyond-2030-ps58bn-investment-plan-future-britains-energy-system

[tuftymatt] 04/3/2024 11:02

😂 1900 would be nice to see at some point this year. We almost got there a few months back so it's not that much of a stretch.

Good luck all 👍🏻

[skinny] 04/3/2024 10:43

FWIW :- Berenberg cuts SSE price target to 2,000 (2,300) pence - 'buy'

£20 would be higher than I've ever seen, but then I've only held for 14 years!

[witheco] 28/2/2024 18:01

The thermal "fossil fuel' division is being ( has been) scaled down. Not sure how renewables will perform here - need to look into the EV market which is suppressing potential.

[skinny] 19/2/2024 10:04

FWIW :- Jefferies raises SSE to 'buy' (hold) - price target 1,850 (1,620) pence

[pierre oreilly] 16/2/2024 10:20

Just belatedly joined you wad.

Seems to have been reaffirmed they'll be throwing loads more cash at useless windmills so sse will gain from that. Not forgetting their fossil fuels generation which will be raking in extremely high amounts from the capacity market and even more when scheduled to generate.

[wad collector] 09/2/2024 16:01

Added at 1560. Seems to have hit bottom, though I am usually wrong.

[kenbos] 09/2/2024 10:53

Have you a link for that please skinny ?

[skinny] 09/2/2024 10:50

Goldman Sachs raises SSE price target to 2,365 (2,348) pence - 'buy'

[tuftymatt] 08/2/2024 15:12

😂 every cloud and all that!!

Good luck all 👍🏻

[wad collector] 08/2/2024 14:15

Yield certainly improving today!

[tuftymatt] 08/2/2024 08:44

Yeah I am sat here kicking myself for not taking almost 1900 last month!!

Never mind and now I am almost back at breakeven it's time to think about adding again for the longer term / half decent divi too.

Good luck all 👍🏻

[wad collector] 08/2/2024 08:35

Mixed messages in the Q3 update; profit estimates in line but delays in projects may harm the future numbers. Not helped by Labour party policy revision announced last night.

[bountyhunter] 29/1/2024 13:20

What's upset this today and Friday?

[wad collector] 26/1/2024 15:20

Renewables have to be the future, the question is how fast, which one and where?
The other lurking uncertainty is the possibility of Labour renationalisation, though water seems like the most pressing candidate.