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SSE maintains £33bn investment plan with strong network growth, Jefferies keeps 'buy' rating

Company Fundamentals
02 Oct 2026
Proactive Investors
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Bullish
SSE maintains £33bn investment plan with strong network growth, Jefferies keeps 'buy' rating

SSE PLC confirmed it is on track with its £33 billion investment programme, supported by a sharp rise in network investment, especially in transmission. Jefferies retained its 'buy' rating and 3,060p price target, seeing a 23% upside from current levels. SSE reiterated its adjusted earnings per share guidance for 2026/27 at 168p to 193p, with first-half earnings expected between 64p and 68p. Progress continues at the Dogger Bank B wind farm, with turbine installation more than halfway complete. The company also maintains a longer-term earnings target for 2029/30, though slightly below consensus. Overall, the update aligns with expectations, with audited half-year results due in November 2026.

The SSE investment plan is highlighted alongside Utilities-sector market data from Pluang. For readers following Utilities stocks, here is Pluang's market snapshot as of Oct 02, 2026 14:02 WIB: out of 22 priced US Utilities stocks, 15 rose and 5 fell today. Notable movers include Consolidated Edison, Inc. (ED) at USD 103.49 with a 1-day change of +1.25% and a typical hold time of 75 days, Entergy Corporation (ETR) at USD 100.48 with a +1.23% change and a 7-day hold time, and American Water Works Company Inc (AWK) at USD 128.14 with a -1.03% change and 0% Sell / 100% Buy order activity on Pluang.

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