SSE starts GBP 105 million buyback as SSE stock sits below its high

Published on 10/15/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSE expects 64p to 68p adjusted earnings per share for its half-year. SSE stock costs EUR 30.05 on October 15, 2026, 0.17 percent below Xetra close.

Capital returns and earnings dates

SSE announced a GBP 105 million buyback on October 9, 2026.
Adjusted earnings per share are expected at GBp 64.00 to GBp 68.00 for the half-year.
SSE stock trades at EUR 30.05 at 1:03 p.m. CEST at Lang & Schwarz on October 15, 2026, 0.17 percent below the Xetra close of October 14, 2026.

Makroaufnahme eines Windturbinenblatts mit Regentropfen vor bewölktem Himmel — SSE plc (ISIN GB0007908733) erzeugt Windenergie, hier als Makroaufnahme eines Turbinenblatts mit Regentropfen, Illustration mit AI erstellt.

SSE plc (ISIN GB0007908733) announced a GBP 105 million share buyback on October 9, 2026, while its stock sat 11.47 percent below the 52-week high of GBp 2,859.89. The announcement followed SSE's October trading update, which kept its earnings outlook intact.

According to FinanzNachrichten on October 9, 2026, SSE started a non-discretionary buyback program worth GBP 105 million to help manage its scrip dividend. The move adds a capital-return element while the company is directing funds toward regulated networks and renewable generation.

Investment remains the main test

In its October 1, 2026 trading update, SSE said adjusted investment was 70 percent higher year over year. Renewable generation output was expected to be 20 percent higher, and turbine installation at Dogger Bank B had moved beyond the halfway point.

The same update projected adjusted earnings per share of GBp 64.00 to GBp 68.00 for the six months ended September 30, 2026. Full-year guidance remained GBp 168.00 to GBp 193.00 for fiscal 2026/27, while the longer-term 2029/30 range stayed at GBp 225.00 to GBp 250.00.

What does the buyback mean for cash flow?

The capital-return decision comes alongside planned capital investment of GBP 2.5 billion for the half-year and adjusted net debt plus hybrid capital of GBP 11.5 billion, figures reported by Morningstar on October 1, 2026. For investors, the tension is measurable: the buyback is GBP 105 million, while the half-year investment plan is GBP 2.5 billion.

Three recent milestones

On September 17, 2026, Bank of Scotland reported that Berenberg raised its SSE target from GBp 2,800.00 to GBp 2,980.00. On October 1, 2026, SSE projected adjusted half-year earnings per share of GBp 64.00 to GBp 68.00. On October 9, 2026, the company announced the GBP 105 million buyback.

Next reporting date

SSE is scheduled to publish its interim results for the six months ended September 30, 2026, on November 18, 2026.

Stock remains below its yearly high

The stock was trading at EUR 30.05 at Lang & Schwarz on October 15, 2026 at 1:03 p.m. CEST, down 0.17 percent versus the Xetra close of October 14, 2026 at EUR 30.10. The further course of trading is shown by the continuously updated real-time quote of SSE stock.