12 November 2025
If you are covering SSE’s latest financial results and its plans to raise £2bn of equity, please find below a comment from Phil Ross, equity research analyst at Quilter Cheviot:
“SSE has today unveiled an ambitious investment plan, almost doubling its previous intentions to invest £17.5bn by 2027. Today’s announcement sees that investment ramp up to £33bn, funded in part by a £2bn equity raise – the rest will be funded via debt, asset sales and existing cash flow.
“The market had begun to wonder whether SSE might raise capital to fund its strong future growth prospects, and this uncertainty had weighed on the shares in recent months. This morning’s announced equity raise puts those doubts to bed as part of the new CEO’s strategy, and leaves a clear pathway to profitable and reliable growth, focusing on the big opportunity in UK power networks. SSE has been investing heavily in power networks and as such this news doubles downs on those intentions. SSE already has sector leading transmission and distribution growth, and this should now be cemented over the long-term.
“Despite a fall in half year profits, results were in line with expectations, however very few will be worrying about that given the news of the equity raise. With the future runway for growth now in place, the company is in a great position to cement itself as one of the UK’s leading energy groups in the UK.”
