Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SSE plc    SSE   GB0007908733

SSE PLC

(SSE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SSE sticks with 7.5 billion sterling investment plans

share with twitter share with LinkedIn share with facebook
07/16/2020 | 01:50am EDT
FILE PHOTO: The sun rises behind electricity pylons near Chester

British renewable power generator and network operator SSE Plc said on Thursday it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years, and also maintain its dividend schedule.

British renewable power generator and network operator SSE Plc said on Thursday it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years, and also maintain its dividend schedule.

"Whilst the wider economic implication of the coronavirus continues to impact on the business, we've been... progressing our 7.5 billion pound capex plan of low-carbon investments, primarily in renewables and electricity networks," the company said in a trading update.

The company is anticipating a hit to profits of 150-250 million pounds this financial year due to the coronavirus pandemic, which has led to drop in demand for energy.

The company turned its focus to renewable power generation and networks after selling its household energy supply and services arm to OVO Energy at the beginning of the year in a deal worth 500 million pounds ($628.40 million).

SSE has a number of renewable projects in development and earlier this month sold a 51% stake in its Seagreen 1 British offshore wind farm project to oil major Total.

SSE said it also intended to continue with its five-year dividend plan to 2022/2023, with an interim dividend of 24.4p to be declared in November 2020 for payment in March 2021.

($1 = 0.7976 pounds)

(Reporting ; Editing by Alex Richardson)

By Susanna Twidale

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -5.60% 37.26 Delayed Quote.-38.33%
SSE PLC -0.94% 1265 Delayed Quote.-11.26%
TOTAL SE -0.85% 25.11 Real-time Quote.-48.64%
WTI -6.02% 35.515 Delayed Quote.-36.69%
share with twitter share with LinkedIn share with facebook
All news about SSE PLC
10/27GLOBAL MARKETS LIVE : Focus is on Microsoft
10/22SSE : Heating homes with wind could save millions in constraint payments and ben..
PU
10/21SSE : Half Year Notification of Closed Period
PU
10/15SSE : Promotes Martin Pibworth to New Energy and Commercial Director Role
DJ
10/15SSE : Targeting full decarbonisation of cars and vans in UK corporate fleets by ..
PU
10/13SSE : SSE agrees sale of its 50% share in Ferrybridge and Skelton Grange multifu..
AQ
10/13Britain's SSE sells stake in West Yorkshire facilities for £995 million
RE
10/13SSE : Sells Stake in Energy-From-Waste Projects for $1.3 Billion
DJ
10/13SSE : agrees sale of its 50% share in Ferrybridge and Skelton Grange multifuel a..
PU
10/08SSE : Is this finally a watershed moment for the UK's ‘net zero' ambition?
PU
More news
Financials
Sales 2021 6 879 M 8 895 M 8 895 M
Net income 2021 711 M 920 M 920 M
Net Debt 2021 9 724 M 12 573 M 12 573 M
P/E ratio 2021 18,5x
Yield 2021 6,36%
Capitalization 13 175 M 17 104 M 17 035 M
EV / Sales 2021 3,33x
EV / Sales 2022 3,25x
Nbr of Employees 11 676
Free-Float 99,1%
Chart SSE PLC
Duration : Period :
SSE plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SSE PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 1 443,42 GBX
Last Close Price 1 276,50 GBX
Spread / Highest target 34,4%
Spread / Average Target 13,1%
Spread / Lowest Target -6,38%
EPS Revisions
Managers
NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Independent Non-Executive Director
Sue Bruce Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SSE PLC-11.26%17 104
NEXTERA ENERGY22.99%145 873
ENEL S.P.A.-1.73%83 043
IBERDROLA, S.A.12.58%74 443
DOMINION ENERGY, INC.-3.65%66 972
DUKE ENERGY CORPORATION-0.25%66 910