Search results
1 day ago · UK energy group SSE Plc (LON:SSE) on Tuesday revised upwards its projections for adjusted earnings per share (EPS) in fiscal 2021/22 even as renewable energy output was below expectations in the first nine months of the financial year.
- Ivan Shumkov
- SSE Shares Steady
- Powering Past The Pandemic
- Green Energy Initiatives
In its Q3 trading updateto December 31, SSE said it expects full-year adjusted earnings per share to come in between 85p and 90p. Based on this figure, its current price-to-earnings ratio (P/E) is around 17. With a projected full-year dividend of 80p per share, this amounts to a 5% dividend yield for shareholders. The SSE share price has risen 7% i...
For the £15bn company headquartered in Scotland, Covid-19 understandably poses problems. SSE expects the pandemic will reduce profits by £150m-£250m. Lockdowns have decreased the demand for energy across the board. This has been obvious in oil and gas, but it’s true of renewable energy too. With less industry in operation, it reduces the requiremen...
Globally, governments are bringing in green initiatives and climate change policies. This is vital to meeting targets in the Paris climate change agreement, and SSE is in a prime position to benefit from this exposure as it expands its clean energy ability. However, it’s not a free ride to a lucrative future. Competition is rising in the sector and...
Sep 28, 2021 · Is SSE the best renewable energy stock? It’s certainly one of the biggest. It also has clear green credentials given its massive involvement in UK wind power and other renewables.
May 24, 2023 · The record-breaking investment programme will see the company ramp up its deployment of renewable energy, the vital network infrastructure to connect and transport it around the UK, and the flexible power sources to back it up when the wind isn’t blowing and the sun isn’t shining.
May 25, 2022 · In 2021/22 alone, SSE invested a record £2bn as it delivered the initial stages of this programme. This included: In Renewables, where SSE is currently building more offshore wind than anyone on the planet, constructing flagship projects such as its Dogger Bank, Seagreen and Viking windfarms.
Nov 17, 2021 · Energy firm SSE has announced plans to invest £12.5bn over the next five years in a bid to accelerate its net zero plans. The plan would see it increase renewable energy output five-fold within...
People also ask
Why did SSE announce an investment update for 2021/22?
Will SSE invest £12.5bn in net zero?
Will SSE invest £40bn in energy?
How much will SSE spend on new energy?
Nov 17, 2021 · Around £7m a day to be spent on critical low-carbon infrastructure needed in net zero transition. SSE to enable delivery of 25% of UK 40GW offshore wind target, over 20% of UK electricity networks investment, flexibility solutions and export renewables capabilities.