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Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  2.50 0.14% 1,734.00 3,578,321 16:35:15
Bid Price Offer Price High Price Low Price Open Price
1,736.00 1,737.00 1,741.50 1,720.00 1,736.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 8,608.20 3,482.20 287.30 6.0 18,513
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:01 O 12,944 1,730.94 GBX

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Posted at 28/1/2023 08:20 by Sse Daily Update
Sse Plc is listed in the Electricity sector of the London Stock Exchange with ticker SSE. The last closing price for Sse was 1,731.50p.
Sse Plc has a 4 week average price of 1,609.50p and a 12 week average price of 1,550.50p.
The 1 year high share price is 1,935.50p while the 1 year low share price is currently 1,405p.
There are currently 1,067,671,700 shares in issue and the average daily traded volume is 3,972,599 shares. The market capitalisation of Sse Plc is £18,513,427,278.
Posted at 15/12/2022 10:26 by wad collector
Yes Gas is providing us with about 50% this year. Today when it seems to me that the whole country is becalmed, wind is still pushing out 24% of our needs this week. Though maybe it is windy offshore somewhere.
The trouble with those figures is that they don't describe the intermittency.
Good to see that we have been net exporters for the last 24 hrs too.

But SSE share price is now more about politics than balance sheets again.

Posted at 27/11/2022 18:30 by jrphoenixw2
SSE now playing hard-ball re: windfall taxes...

Telegraph 26/11 9pm: 'Windfall tax means less certain energy supply, warns SSE chief
Energy giant may need to reduce output of hydroelectric plants to avoid 45pc levy

The Government's windfall tax has placed the UK’s energy supply at risk this winter, according to the boss of energy giant SSE.

Alistair Phillips-Davies says SSE may need to reduce the output of its hydroelectric plants in January and February to avoid the tax.

“That will mean there's probably less certainty of supply over the absolute peak,” he warns.
[edit...]
Months of speculation about introduction of the tax weighed on SSE’s share price, but there is now some relief in certainty. SSE’s stock is up 4.18pc year to date, valuing the company at around £18bn.
[edit...]
Elliott has publicly gone quiet over its stake, but SSE may yet well find itself a prime bid target at a time of huge flux in the energy system. Oil giants such as BP and Shell are both pushing into wind farms, and may find they’d like some electricity networks to go with it as well.
[edit...]
Opportunities are also opening up further afield. In the US, Joe Biden’s administration is luring billions of pounds of investment in renewables with a massive package of tax credits and incentives, sparking concern the US will suck investment out of the UK and Europe.

SSE has opened an office there and will go for good opportunities, says Phillips-Davies. But he notes Europe is “really committed to the path of renewables and clean green flexible energy … [which is] absolutely in our sweet spot”.

“America could be good,” he adds. “Why not. But I think equally America, ultimately, if it needs to have cheaper energy, it'll continue to frack and and indeed, if it has to, dig coal as well.”
[These are just extracts of a looong article, the bits relative to investors here. The full article can be found here: hTtps://www.telegraph.co.uk/business/2022/11/26/windfall-tax-means-less-certain-energy-supply-warns-sse-chief/

Posted at 12/10/2022 17:44 by jrphoenixw2
SSE press release today 11-Oct:

SSE comments on UK government’s Cost-Plus-Revenue Limit
'The UK government has published details of its Energy Prices Bill that contains provision for a new ‘Cost-Plus-Revenue Limit’ for electricity generated from renewable sources.

Commenting on the provision, a spokesperson for SSE said:

“Any revenue cap must be set at a level that doesn’t discourage essential investment in the UK’s renewable energy sector and therefore should be comparable to other countries, particularly given the €180 cap being implemented by the EU. After all, the key lesson of the current energy crisis is the need to bolster our homegrown energy defences.

“It is also vital that the cap does not negatively impact on security of supply this winter, therefore flexible technologies, such as hydro, that require strong price signals to meet demand when most needed should be excluded.

"We will now work with the Government on the details of the policy to ensure it meets its objective of addressing extraordinary profits without throwing away the UK’s global leadership position on renewable energy investment”.

hTtps://www.sse.com/news-and-views/2022/10/sse-comments-on-uk-government-s-cost-plus-revenue-limit/

Posted at 07/7/2022 09:54 by the grumpy old men
SSE's Viking Energy Wind Farm to be awarded low-carbon power contract

Thu, 7th Jul 2022 10:12
x

(Alliance News) - SSE PLC on Thursday said its subsidiary Viking Energy Wind Farm will be awarded low-carbon power contract for 220 megawatts.

The FTSE 100-listed Perth, Scotland-based electricity provider said Viking's success came after a "competitive auction process" in the UK's fourth Contract for Difference allocation round.

SSE Renewables is currently constructing the 443 megawatt Viking project in the Shetlands Islands. The contract just secured is around half of the project's capacity at a strike price

of GBP46.39 per megawatt hour for the 2026/27 delivery year.

SSE Renewables Managing Director Stephen Wheeler said: "Viking will be the most productive onshore wind farm in the UK when it enters operation from 2024, and will play a crucial role in decarbonising energy supply in the Shetland Islands as well as in Scotland.

"Through the delivery of onshore wind energy projects such as Viking, SSE

Renewables is helping drive the delivery of SSE's Net Zero Acceleration Programme which will see the company double its installed renewable energy capacity to 8GW by 2026 and increase our annual renewable energy output fivefold to over 50TWh by 2031."

SSE said Viking is progressing through construction with over 50% of turbine foundation bases poured. "When complete in 2024, Viking will be the UK's most productive onshore wind farm in terms of annual electricity output," the company noted.

Shares were up 0.5% at 1,706.00 pence each on Thursday morning in London.

By Xindi Wei; xindiwei@alliancenews.com

Posted at 16/6/2022 12:29 by lammergeier
Its interesting to note that the SSE share price took 3 months to climb from £16.00 to £19 and

then retrace its £3 rise in 3 weeks.

If a recession is coming, Utilities tend to out perform especially if the oulook

to YEAR END IN MARCH 2023 expects a Dividend Yield over 5% and a Price earnings growth

of less than 1-bullish against most market yardsticks.

I forgot the old market adage "Sell in May and don't come back till St Ledgers Day"

Posted at 29/5/2022 09:18 by wad collector
IC just ran an article looking at the SSE share price movements last week and the prelims. Points out the lack of wind in the first half yr made the thermal and gas storage divisions the main growth drivers, with the low wind driving up the balancing market prices. FWIW it concludes that the shadow of a one off tax will remain until HMG makes a clear statement (Hmm, don't think I will hold my breath on that one!) but because of good yield concludes HOLD.
Posted at 25/5/2022 07:02 by gateside
FINANCIAL OUTLOOK FOR 2022/23 AND BEYOND

• SSE’s focus continues to be on long-term, sustainable financial performance. With high levels of
investment expected in Transmission, a step up in earnings expected in Thermal generation and an
expected return to normal weather for Renewables, the Group is confident about delivering strong
earnings growth for this financial year.
• SSE currently expects to report full year adjusted earnings per share of at least 120p.
• Capital expenditure and investment is expected to total in excess of £2.5bn in 2022/23 (including
acquisitions but net of project finance development expenditure refunds) assuming the recent
Southern European acquisition successfully completes as planned.
• Over the five-year period to March 2026, SSE now expects to deliver an adjusted EPS CAGR of
between 7-10% on the 87.5 p Net Zero Acceleration Programme baseline as a result of: confidence
derived from strong delivery in 2021/22; higher RPI forecasts; higher and more volatile energy
commodity prices; and evidence of increased value creation potential from flexibility provided by
SSE’s Thermal and Hydro generation, and gas storage assets as they continue to perform a vital role
for the system.
• In line with the plan for disposal of a minority stake, SSE has recently initiated a sales process for a
25% share of the SSEN Transmission business which is expected to formally commence in Summer
2022. Given the SSEN Distribution business is currently progressing its ED2 price control
negotiations, a decision on the timing of a similar stake sale will be made later in the financial year.

Posted at 17/1/2022 10:50 by bountyhunter
Yes that's good news and good to hear that SSE are investing further in renewables as promised...

SSE PLC SSE success in ScotWind leasing round
17/01/2022 10:11am
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Monday 17 January 2022

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SSE PLC

17 January 2022

SSE bolsters renewables pipeline with success in ScotWind seabed leasing auction

SSE Renewables and its ScotWind partners Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP), through one of its funds, have been notified by Crown Estate Scotland that they have been successful in the ScotWind auction for new offshore wind leases in Scotland.

The partnership has been awarded the rights for 858 square kilometres of seabed to develop an offshore wind project of up to 2.6GW of capacity in the E1 area off the east coast of Scotland. SSE owns a 40% share of the development rights with Marubeni and CIP each owning 30%.

Posted at 23/10/2021 11:05 by marktime1231
DB produced a series of hatefull Sell notes on SSE 3 to 5 years ago which dragged us down to £11, it could not see the benefit of sustained high income nor any prospects for the future. SSE share price plunged way below fair value. DB then did a gutless U-turn in late 2018 having achieved its deramp, saying that SSE was starting to look oversold. That DB has now fundamentally changed its view says more about the myopia of DB analysts than anything meaningful about SSE.
Posted at 04/10/2021 23:15 by philanderer
Sharecast:

Analysts at RBC Capital Markets hiked their target price for shares of SSE from 1,800.0p to 1,900.0p on Monday, citing higher commodity prices.

Despite the recent sale of the power group's 33% stake in Scotia Gas Networks, RBC saw fit to raise its estimates for the company's earnings per share across the 2023-25 financial years by roughly 10-20%.

RBC said it saw a "robust" cashflow opportunity from higher power prices thanks to SSE's light hedging on renewable volumes.

Despite generous valuations attached to recent M&A in the sector, a "healthy and rising" power curve and interest from activist investor Elliott, the Canadian bank said SSE share prices performance had underwhelmed.

Even so, RBC remained bullish on the company's prospects and reiterated its 'outperform' rating on the stock.

"We believe investors may be holding out for the November strategy update getting comfort in the longer-term growth prospects and capital allocation decisions," said RBC.

"We regard both the renewables and networks business as attractive despite trading at significant peer discounts. Further, we see longer-term growth attractions for SSE internationally evidenced by the recently announced Japanese offshore wind JV with Pacifico Energy."


[...]

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