On October 18, 2021, SSE PLC has built up a large footprint in the U.K. and Ireland across power generation and regulated energy networks. Now, as it reshapes its portfolio and expands internationally, it has become the target of an activist investor that reportedly wants to break it up. U.S.-based hedge fund Elliott Management Corp., led by billionaire Paul Singer, is said to be pressuring the utility to separate its renewable energy business from its networks activities, building up a stake in the company in order to add weight to its campaign. Analysts stated that the growth potential of the Company's renewables unit outweighs that of its networks business and hiving it off into a separate listed entity would help it raise capital from growth-oriented environmental, social and governance investors. In addition, Dominic Nash, European utilities analyst at Barclays, said that an advantage of breaking up is targeting capital providers to the assets that suit them best.