SSE stock reports stronger networks and renewable output

Published on 10/03/2026 at 21:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSE stock enters October at GBp 2,447 after a 1.05 percent daily decline on October 2, 2026. Jefferies kept a GBp 3,060 target as guidance held.

Bauhaus-Poster mit geometrischen Formen, Windturbinen und dem Wort ENERGY — SSE plc (ISIN GB0007908733) symbolisiert erneuerbare Energien in geometrischem Bauhaus-Poster mit Windturbinen-Motiven, Illustration mit AI erstellt.

SSE (GB0007908733) was last at GBp 2,447 on the London Stock Exchange on October 2, 2026, down 1.05 percent for the session. The latest company update points to higher renewable output, faster network investment and unchanged adjusted earnings guidance.

Guidance holds through November

According to SSE on October 1, adjusted earnings per share for the first half are expected at GBp 64-68. The company reiterated adjusted EPS guidance of GBp 168-193 for fiscal 2026/27 and GBp 225-250 for fiscal 2029/30.

The update also gives investors a clear operating comparison. Renewable generation is expected to be 20 percent higher than in the comparable period, while regulated networks investment is 70 percent higher year over year, according to SSE's trading statement. Dogger Bank B turbine installation has moved beyond halfway, adding a project milestone to the earnings framework.

Jefferies keeps target above price

Yahoo Finance reported on October 1 that Jefferies retained its Buy rating and GBp 3,060 price target. The broker cited SSE's network expansion and repeated adjusted EPS guidance of GBp 168-193 for fiscal 2026/27.

MarketBeat reported that Jefferies' target implied 25.05 percent upside from the previous close. The same report said Berenberg raised its target from GBp 2,800 to GBp 2,980 on September 17, while Deutsche Bank maintained a GBp 2,650 target on September 3.

Results arrive November 18

SSE's investor calendar lists interim results for the six months ended September 30, 2026, on November 18, 2026. That report will test whether the higher renewable output and network investment translate into the expected GBp 64-68 first-half adjusted EPS range.

Stock trades below yearly high

SSE stock was last at GBp 2,447 on October 2, 2026 at 4:35 p.m. London time, with a market capitalization of GBP 29.5 billion and volume of 2,291,297 shares. Its 52-week range was GBp 1,745.50 to GBp 2,859.89, placing the latest price below the yearly high.