SSE reaffirmed earnings guidance. SSE stock sat below its high

Published on 10/13/2026 at 07:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share is guided at GBp 64.00 to GBp 68.00 for the first half. SSE stock sat below GBp 2,859.89 on October 12, 2026.

Key points in brief

SSE reaffirmed adjusted earnings per share guidance of GBp 168.00 to GBp 193.00 for fiscal 2026/27 on October 1, 2026.
The company expects first-half adjusted earnings per share of GBp 64.00 to GBp 68.00 for the six months ended September 30, 2026.
SSE stock was 13.39 percent below its GBp 2,859.89 52-week high on October 12, 2026, while the last Lang & Schwarz euro quote was EUR 29.35.

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SSE (ISIN GB0007908733) reaffirmed its adjusted earnings per share guidance for fiscal 2026/27 on October 1, 2026, while SSE stock sat 13.39 percent below its GBp 2,859.89 52-week high on October 12, 2026. The update keeps the utility's investment-led growth strategy intact ahead of its interim results.

Guidance stays intact

According to SSE on October 1, 2026, adjusted earnings per share for the first half of fiscal 2026/27 are expected at GBp 64.00 to GBp 68.00. The company kept its full-year adjusted earnings per share guidance at GBp 168.00 to GBp 193.00 and its fiscal 2029/30 range at GBp 225.00 to GBp 250.00.

The update also described network investment as 70 percent higher year on year and renewable generation output as 20 percent higher year on year. Those operating figures are directional rather than a reported profit result, but they show why regulated networks are becoming a larger earnings contributor.

What does the target imply?

Yahoo Finance reported on October 1, 2026 that Jefferies retained its buy rating and GBp 3,060.00 price target, compared with a reference price of GBp 2,491.00. The target was 22.84 percent above that reference price, while the stock's October 12 level of GBp 2,477.00 was 19.05 percent below the target.

Jefferies also pointed to the growing contribution from regulated networks and progress at Dogger Bank B. For investors, the central tension is clear: the guidance range is intact, while delivery depends on weather, market conditions and plant availability.

Three dated SSE milestones

On April 2, 2026, SSE outlined a GBP 29.0 billion investment program for electricity transmission in northern Scotland, according to SSE. On September 17, 2026, the company issued 8,452,267 ordinary shares under its scrip dividend scheme, as reported by Reuters. On October 1, 2026, SSE reaffirmed its GBp 168.00 to GBp 193.00 adjusted earnings per share guidance.

Next reporting date

SSE's next scheduled event is its interim results for the six months ended September 30, 2026, on November 18, 2026. The period will test whether the GBp 64.00 to GBp 68.00 adjusted earnings per share expectation is supported by network investment and renewable output.

Stock stays below its high

SSE stock was last quoted at EUR 29.35 at Lang & Schwarz on October 12, 2026 at 11:00 p.m. CEST. On the London Stock Exchange, the October 12 market price was GBp 2,477.00, against a GBp 1,794.50 to GBp 2,859.89 52-week range.

Market context: Market report FTSE 100.

The further course of trading is shown by the continuously updated real-time quote of SSE stock.