London, March 27, 2026, 16:15 GMT
SSE shares dropped to 2,464 pence on Friday, down from Thursday’s 2,504 pence finish, despite the utility flagging new solar developments and a minor sale via its Enerveo arm. The company’s feed pointed to a fresh solar project going live that day. On the M&A front, Amcomri confirmed it’s picking up an Enerveo unit. 1
SSE shares barely budged, a detail that stands out as investors weigh if incremental operating changes can really underpin the company’s outsized ambitions in grids and renewables. Back in November, the stock surged over 11% after SSE rolled out its 33 billion pound, five-year investment blueprint. But even after that jump, shares still trade below the 2,763-pence high set on March 17. Investors now look to the full-year results, set for May 28. 2
SSE flagged Friday that its Littleton Solar Farm, a 31-megawatt (MW) facility close to Evesham in Worcestershire, is now fully up and running after two years of construction. According to the company, the site should supply enough electricity for roughly 10,000 homes annually. Heather Donald, SSE Renewables’ director for onshore wind, solar and battery, described it as the company’s “first operational solar asset.” 3
Amcomri’s new unit GridCore has struck a deal to acquire Enerveo’s National Compliance and Testing division—part of SSE—for just 1 pound. The business reported roughly 5 million pounds in unaudited revenue for the year through March 31, 2025. Amcomri is targeting about 1.5 million pounds in net assets when the purchase wraps up, expected around May 31. Chief Operating Officer Mark O’Neill called the acquisition a move into a “key strategic target area” for the group. 4
SSE shares slipped alongside a sluggish London session. The FTSE 100 dropped 0.7% as of 1125 GMT on Friday. National Grid edged down 0.3%, Centrica slid 1.1%—leaving SSE trailing with other UK utilities. 5
Brokers have pulled back a bit. On Monday, Goldman Sachs cut SSE to neutral from buy, even as it bumped the price target up to 2,812 pence. The analysts pointed to just 6% upside for the stock, which now trails the 9% average in their European utilities universe after a hefty rally. 6
SSE hasn’t exactly been generous with its forecasts. Back on Feb. 4, the group pegged its 2025/26 adjusted earnings per share at 144 to 152 pence, noticeably lower than the 160.9 pence it booked for 2024/25. Still, investment in regulated networks jumped 64% year on year, landing around 1.8 billion pounds for the first nine months. Finance chief Barry O’Regan said at the time that the focus stays on building “long-term earnings and value” for investors. 7
This month’s major milestones haven’t gone unnoticed. On March 11, SSE announced it had provisionally locked in 3,581 MW of de-rated generation capacity for Britain’s 2029/30 capacity auction—“de-rated” meaning actual expected plant availability, not just headline figures. A few days before that, on March 2, the company accepted Ofgem’s RIIO-T3 transmission price-control settlement. Both developments line up with SSE’s broader 33 billion pound pivot toward more regulated or contracted earnings. 8
Still, plenty stands in the way of that upside scenario. SSE kept its February outlook tied to the usual variables—weather, how the market shakes out, and whether plants stay online. Meanwhile, MarketScreener’s analyst consensus points to capital expenditure climbing from roughly 4.0 billion pounds in fiscal 2026 up to almost 6.9 billion by 2028, but free cash flow looks set to remain negative throughout. Investors get their next updates with a closed-period notice on April 2, then full preliminary results on May 28. 7
