London, Jan 31, 2026, 09:02 GMT — Market closed.
SSE shares finished the week unchanged, hovering close to the peak of their 52-week range as the market closed for the weekend.
Late last week, two filings revealed minor insider buys connected to employee programs and dividend reinvestment plans. Investors are now waiting on a company update scheduled for next week.
The stock has rallied sharply, and with few catalysts lined up in the near term, the Feb. 4 statement takes on added significance.
A Friday filing revealed that Computershare Investor Services plc reinvested cash dividends into shares priced at £24.2328 each for several directors and PDMRs—those senior insiders outlined by UK market regulations. Among those involved were CEO Martin Pibworth and general counsel Elizabeth Tanner, the notice indicated. (Investegate)
On Thursday, a separate announcement revealed that Nicola Flanders exercised options through the company’s Save As You Earn scheme, a UK employee plan allowing staff to purchase shares at a fixed price later. She acquired 271 shares at an option price of £11.07 on the London Stock Exchange main market. (Investegate)
SSE closed Friday flat at 2,422 pence, matching its prior session’s finish. Shares fluctuated between 2,410 and 2,442 pence during the day, with roughly 2.64 million exchanging hands. Its 52-week range hits from 1,447.5 up to 2,442 pence, according to Investing.com data. The stock’s one-year gain stands near 50.6%. (Investing)
The longer-running story remains the push into networks and renewables. In November, SSE unveiled a £33 billion investment plan over five years, alongside a £2 billion equity raise. Around 80% of that outlay is aimed at regulated electricity networks. Pibworth described it as a “once-in-a-generation opportunity to upgrade infrastructure.” Jefferies analyst Ahmed Farman noted the plan offered clearer visibility on growth and the balance sheet. Peers like National Grid and Ørsted have also sought investor funds to back major expansions. (Reuters)
A large part of the investment case hinges on the regulator. SSE’s transmission division, SSEN Transmission, aims to pour at least £22 billion into grid infrastructure starting April 2026, under Ofgem’s RIIO regime — which stands for “Revenue=Incentives+Innovation+Outputs” and governs allowed revenues and returns for network operators. SSE CEO Alistair Phillips Davies told Reuters it is “crucial that Ofgem backs that ambition with an investable and financeable framework.” SSE holds a 75% stake in SSEN Transmission, with the Ontario Teachers’ Pension Plan Board owning the remainder. (Reuters)
SSE is set to release its third-quarter trading update on Feb. 4. Preliminary full-year results for the period ending March 31 will follow on May 28, according to the company’s financial calendar. (SSE)
But the path isn’t smooth. Renewable output fluctuates with the weather, and the network build programme carries delivery risks — delays and cost overruns hit sentiment immediately, though returns take longer to reflect them.
Traders will focus on whether SSE can maintain its position near the top of the recent range when markets open Monday. The key date to watch is Feb. 4—any changes to guidance, spending plans, or funding assumptions then will likely shape the week’s momentum.
