Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

SSE share price: what’s the latest ahead of half-year results?

The energy company has shifted focus towards renewables and infrastructure, evident by its divestment of its retail unit to OVO, though the sale will likely hinder its share price from making significant gains in the near-term.

SSE is clearly committed to embracing renewable energy, evident by its divestment of its retail gas and electricity unit to OVO in September.

However, with the company investing heavily into offshore wind farms, hydro sites and gas, along with its infrastructure network that includes 130,000km worth of lines and cables across the UK, its financial performance is now heavily weather dependent.

Its networks will ensure that investors receive adequate dividends as the company continues to reduce its carbon footprint in response to increasing political and regulatory pressure. But its share price is unlikely to make significant gains in the near-term.

Looking to trade SSE and other energy stocks? Open a live or demo account with IG.

CMA launches inquiry into OVO deal

The divestment of SSE’s retail unit remains subject to regulatory approval, however, with the UK Competitions and Markets Authority (CMA) launching an investigation into the deal in October.

The CMA is concerned that the £500 million deal will reduce consumers options in the energy supply sector and could lead to customers bills significantly increasing.

‘We have long believed that a dedicated, focused and independent retailer will ultimately best serve customers, employees and other stakeholders – and this is an excellent opportunity to make that happen,’ SSE CEO Alistair Phillips-Davies said.

‘OVO shares our relentless focus on customer service and has a bold vision for how technology can reshape the future of the industry. I’m confident that this is the best outcome for the SSE Energy Services business and customers.’

You can go long or short SSE with IG using derivatives like CFDs and spread bets.

Berenberg downgrades SSE ahead of half-year results

Ahead of its half-year results next week, analysts at Berenberg downgraded SEE from a ‘buy’ to a ‘hold’ rating and issued a target price for the stock of £13.50 a share.

UBS and Deutsche Bank were less optimistic about the stock, both issuing a £13 target price for SSE shares in October, with HSBC providing the most upbeat outlook with a £14.80 target for the energy company.

SSE is trading at £12.55 a share as of 11:45 GMT on Thursday. Therefore, analysts believe that the stock has a potential upside of between 3.5% to 17%.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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