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    SSE   GB0007908733

SSE PLC

(SSE)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 09/24 06:20:59 am
1628.5 GBX   -1.00%
03:02aSSE : Helping young people build a career with long term, sustainable prospects
PU
09/21SSE : Response to media speculation
AQ
09/21SSE : Stephen Wheeler appointed as SSE Renewables Managing Director
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SSE Says Disposal Program Has Made Good Progress, On Track to Get More Than GBP2 Billion

07/22/2021 | 12:42am EDT

By Anthony O. Goriainoff

SSE PLC said Thursday that it has made good progress in its disposal program, and that it is on course to get more than 2 billion pounds ($2.74 billion) from the sale of noncore assets and businesses not in line with its net zero strategy.

The FTSE 100-listed energy company said it is seeking to add to its renewables pipeline and has submitted bids alongside partners for a number of sites through the ScotWind seabed leasing process in Scotland.

The company said capital expenditure and investment for fiscal 2022 is still expected to be around GBP2 billion, net of project finance development expenditure refunds.

On the operational side, for the three months ended June 30, SSE reported a 19% fall in renewable power output, and said this was mainly due to weather conditions. The company said this shortfall represented less than 4% of the annual total output forecast.

SSE's gas-fired generation in the first quarter of fiscal 2022 was around 9% lower than in the year-prior period. The company said this was a reflection of plant availability and market conditions.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

07-22-21 0242ET

Stocks mentioned in the article
ChangeLast1st jan.
SSE PLC -0.67% 1628.5 Delayed Quote.9.67%
All news about SSE PLC
03:02aSSE : Helping young people build a career with long term, sustainable prospects
PU
09/21SSE : Response to media speculation
AQ
09/21SSE : Stephen Wheeler appointed as SSE Renewables Managing Director
PU
09/21SSE Appoints Stephen Wheeler Managing Director of SSE Renewables; Jim Smith to Retire
DJ
09/21SSE Plc Provides Information to the Shareholders
CI
09/20GLOBAL MARKETS LIVE : Universal Music Group, China Evergrande, ENI, Prudential, Microsoft...
09/20SSE Declares No Plans to Break Up
CI
09/20EUROPEAN MIDDAY BRIEFING : Stocks Slump on China Fears
DJ
09/20FTSE Tumbles on China, Inflation Worries
DJ
09/20IGas Shares Rise on Deal With SSE to Develop Geothermal Plant in England
DJ
More news
Analyst Recommendations on SSE PLC
More recommendations
Financials
Sales 2022 7 587 M 10 400 M 10 400 M
Net income 2022 895 M 1 227 M 1 227 M
Net Debt 2022 8 588 M 11 771 M 11 771 M
P/E ratio 2022 18,4x
Yield 2022 5,04%
Capitalization 17 036 M 23 397 M 23 351 M
EV / Sales 2022 3,38x
EV / Sales 2023 3,39x
Nbr of Employees 11 865
Free-Float 99,1%
Chart SSE PLC
Duration : Period :
SSE plc Technical Analysis Chart | SSE | GB0007908733 | MarketScreener
Technical analysis trends SSE PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 645,00 GBX
Average target price 1 715,42 GBX
Spread / Average Target 4,28%
EPS Revisions
Managers and Directors
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Gregor Alexander Finance Director & Executive Director
John Alexander Manzoni Chairman
Sue Bruce Independent Non-Executive Director
Peter John Lynas Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SSE PLC9.67%23 397
NEXTERA ENERGY5.34%160 668
ENEL S.P.A.-16.14%82 783
DUKE ENERGY CORPORATION7.62%75 811
SOUTHERN COMPANY3.55%67 352
IBERDROLA, S.A.-20.51%67 081