Why SSE keeps spending record sums while its share price goes nowhere
SSE’s £33bn network investment plan is squeezing near-term profits, but regulated asset growth and reiterated earnings guidance make the shares worth holding.
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SSE’s £33bn network investment plan is squeezing near-term profits, but regulated asset growth and reiterated earnings guidance make the shares worth holding.
SSE beat expectations, raised its dividend and investment plans, but shares fell as valuation concerns dominated.
SSE reports earnings at guidance top end, 7% dividend rise, record £3.6bn capex investment.
SSE shares rose after lower earnings guidance, supported by strong operations, higher renewables output and accelerating investment.