SSE (LSE:SSE) is stepping into a new era of growth, that's according to Aarin Chiekrie, equity analyst at Hargreaves Lansdown.
The broker commentary comes after the UK power utility on Thursday reported a 1% increase in full-year revenue, to £10.2bn, and adjusted earnings per share of 153.5p (a 5% decline), and pitched EPS guidance for 2027 at 168-to-193p.
Chiekrie argues the group's planned £33bn of investment to 2030, roughly a 300% uplift versus the prior five years, with about 80% focused on regulated UK electricity networks, should expand the asset base, tilt the revenue mix to asset-backed, inflation-linked returns and underpin double‑digit annual EPS growth to 2030.
Supporting signals for Chiekrie's view include a 9% rise in renewable output to 14.5TWh as new capacity came online, an expected fall in Distribution profitability after a periodic inflation adjustment, an annual capex step‑up this year to roughly £3.6bn.
"SSE charged to the top end of its full‑year earnings guidance, driven by increased investment and higher allowed revenues in its Transmission business."
