SSE PLC Raises FY26 Earnings Guidance as Renewables Output Climbs, Grid Spend Accelerates
SSE raised the lower band of its full-year earnings forecast on Thursday, crediting a jump in renewables output and increased investment in its electricity networks for the improved outlook. The UK utility is now targeting adjusted earnings per share between 147 pence and 152 pence for the year to March 31—narrowing in from its earlier view of 144 pence to 152 pence. Preliminary results land May 28. The update drops just as Britain’s energy sector hits a tricky patch. Fresh government numbers out Thursday put renewables at 52.5% of the country’s power in 2025—a record. But Cornwall Insight analysts now expect the household energy price cap, which limits standard tariffs each quarter, to jump roughly 18% in July.
