London, Feb 8, 2026, 08:26 GMT — Market shut for the day.
- SSE shares closed out Friday at 2,510 pence, up 1.21%.
- Attention shifts to Ofgem’s looming transmission price-control deadline, with UK rate forecasts also in the spotlight.
- SSE now sees full-year adjusted earnings per share landing between 144 and 152 pence, following its Q3 update.
SSE Plc finished Friday’s session up 1.21%, with shares settling at 2,510 pence on the London Stock Exchange.
The market’s weekend closure puts Monday in focus, since SSE counts as a major “rate-sensitive” utility in the UK. Investors are parsing how fast interest rates could come down and eyeing the next regulatory decisions—key for returns from SSE’s electricity networks, which sit at the heart of its investment strategy.
SSE (SSE.L) remains close to its 52-week peak in the FTSE 100. The company’s pouring money into renewables and network upgrades, tying its prospects to a pair of unpredictable factors: the regulator’s decisions on earnings, and whatever the weather turns up.
The stock moved from 2,465 pence up to 2,526 pence on Friday, after closing at 2,480 pence in the previous session. Market data showed roughly 6.6 million shares changed hands.
SSE this week projected adjusted earnings per share for 2025/26 at 144 to 152 pence, covering the year through March 2026. The company also highlighted a 64% surge in regulated networks investment to about £1.8 billion over the first nine months. Renewables output climbed 7% from a year ago, despite patchy weather.
SSE chief financial officer Barry O’Regan cited “accelerating investment” as the company’s priority under its £33 billion plan, according to a statement. He also referenced what he described as positive signals from government and regulators.
Hargreaves Lansdown equity analyst Aarin Chiekrie noted SSE’s latest profit outlook “landed in line with market expectations,” but flagged concerns that renewables, despite new capacity coming online, “are not always reliable” and remain “at the mercy of mother nature.” Source: Hargreaves Lansdown research
Friday brought a supportive backdrop. The FTSE 100 closed 0.6% higher, boosted by banks after the Bank of England hinted rates might come down should inflation keep falling. Utilities, often regarded as bond proxies, can benefit from lower yields—SSE outpaced the muted upticks seen across other UK defensive names.
Still, there’s no shortage of risks. SSE’s own trading statement called out its exposure to swings in weather, market dynamics, and how reliably its plants are running. And as for Ofgem’s proposed rules for the next round of transmission price controls — the mechanism that governs what network firms can spend and earn — SSE hasn’t decided yet whether it’s investable.
Mark your calendars: SSE’s “closed period” update lands April 2. The company has preliminary results for the year ending March 31, 2026, penciled in for May 28. Investors are eyeing March 3 as well—a key Ofgem transmission price control deadline. Source: SSE investor calendar
