London, Feb 11, 2026, 08:47 GMT — Regular session
SSE traded at 2,555 pence by 0847 GMT on Wednesday, up 0.2%. Earlier in the session, the stock reached 2,578 pence, holding close to recent peaks. 1
SSE shares notched a fresh 52-week high on Tuesday, closing 2.04% higher at 25.50 pounds. That came as the FTSE 100 slipped 0.31%. MarketWatch data pointed to above-average trading volume for SSE during the session. 2
The rally is taking on new weight for SSE, as its earnings prospects and spending plans run up against the regulator’s tight schedule for network returns. Ofgem’s RIIO-3 framework kicks in on April 1, 2026, sticking around through March 31, 2031—utilities with ambitious grid investment plans, like SSE, can find themselves exposed to the fine print. 3
On Tuesday, a separate filing laid out modest share purchases and corresponding awards for several directors and senior managers, all part of SSE’s all-employee Share Incentive Plan. The price: 25.106884 pounds per share. Executives and others classified as persons discharging managerial responsibilities—PDMRs—have to report these trades under UK market rules. 4
SSE is now expecting adjusted earnings per share for 2025/26 to land between 144 and 152 pence, the company said in its latest trading update. Investment in its regulated networks jumped over the first nine months. “Our focus remains on accelerating investment and delivering the plan that will create compounding, long-term earnings and value for investors,” Chief Financial Officer Barry O’Regan said. 5
Analysts’ targets now look cramped after the rally. According to MarketScreener, the average target for SSE sits at 25.26 pounds—just under Thursday’s 25.50-pound close—while the consensus call remains “buy”. 6
Still, it’s not a clear runway for gains. Aarin Chiekrie at Hargreaves Lansdown pointed out that regulations can hold back revenues in the near term—investments often go in first, cash flow takes a hit, and returns don’t show up right away. And with renewables, the weather throws in some unpredictability. 7
SSE’s investor calendar points to a “notification of closed period” statement scheduled for April 2, with preliminary results for the year to March 31 set to drop on May 28. 8
