SSE stock fell 1.05 percent as earnings guidance held

Published on 10/04/2026 at 19:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSE stock reached GBp 2,447 on October 2, 2026, after a 1.05 percent daily fall. Adjusted first-half EPS is guided at GBp 64 to GBp 68.

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SSE stock (ISIN GB0007908733) fell 1.05 percent to GBp 2,447 on the London Stock Exchange on October 2, 2026, with the session ranging from GBp 2,421 to GBp 2,485. The move followed SSE's October 1 trading update, which kept adjusted earnings per share guidance for fiscal 2026/27 at GBp 168 to GBp 193, according to SSE.

Earnings guidance stays intact

SSE expects adjusted earnings per share of GBp 64 to GBp 68 for the six months ended September 30, 2026. The company said regulated networks now account for a larger share of earnings, reducing the usual seasonal weighting toward the second half, while full-year business expectations remain unchanged.

The same update retains SSE's longer-term adjusted earnings per share target of GBp 225 to GBp 250 for fiscal 2029/30. The figures give investors a defined earnings range ahead of the interim results due on November 18, 2026, rather than a new change to annual guidance.

Networks and renewables drive delivery

Network investment is progressing across 11 major transmission projects, while renewable generation output is expected to be 20 percent higher year over year in the first half. SSE attributed the increase to weather conditions and additional generation capacity, according to Morningstar.

Construction at Dogger Bank B has passed the halfway point for turbine installation. The project matters because SSE's regulated transmission activity and renewable generation are the two operating areas supporting its investment-led earnings profile.

Jefferies keeps a higher target

Jefferies retained its Buy rating and GBp 3,060 price target after the trading update, against a reference price of GBp 2,491, according to Yahoo Finance on October 1, 2026. The broker also said the longer-term earnings target midpoint was 2 percent below consensus, highlighting valuation discipline alongside the growth case.

SSE stock remains below its yearly high

SSE stock closed at GBp 2,447 on October 2, 2026. Its 52-week range was GBp 1,745.50 to GBp 2,767.00, placing the shares below the yearly peak while the company enters the November reporting milestone.