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SSE Share Price Forecast 2026: Fundamental and Technical Outlook

📊 Fundamental Analysis: The Key Drivers Behind SSE Stock

The fundamental value of SSE plc shares in 2026 is built on three strategic pillars.

1. Ambitious Investment Plan (£33 Billion by 2030)

  • Focus: Around £27 billion is directed toward regulated electricity networks (SSEN Transmission), particularly in power transmission infrastructure.

  • Impact on 2026: This investment will expand the regulated asset base (RAV) and make about 80% of EBITDA indexed to inflation. That means SSE’s profits will become more predictable and less sensitive to energy market volatility.

2. Dividend Policy

  • Outlook: SSE has reaffirmed a progressive dividend policy through 2030, targeting annual dividend growth of 5–10% from a base level of 64.2 pence per share for FY 2024/25.

  • Investment Appeal: This makes SSE an attractive income stock for long-term investors seeking stable returns in a defensive sector.

3. Earnings Growth (EPS Forecast)

  • Analysts’ Expectations: SSE projects adjusted EPS growth of 7–9% per year on average.

  • Mid-term Guidance:

    • FY 2026/27 expected EPS: 175–200 p

    • FY 2029/30 expected EPS: 225–250 p

  • Conclusion: The positive earnings outlook is a strong fundamental signal for upward movement in the SSE share price throughout 2026.

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📉 Technical Analysis: Key Levels for SSE (LON:SSE)

SSE’s technical chart reflects high volatility driven by its large investment program and recent equity placement activity.

Key LevelValue2026 Implication
Major Support£18.00 – £19.00Strong psychological and technical base. Holding this level is crucial to maintaining the long-term uptrend.
Immediate Resistance£22.30 – £22.80Historic 52-week high and key analyst target. A breakout above could signal a new bullish phase.
Mid-Term Target£24.00 +Likely achievable with continued earnings growth and progress in the investment strategy.

🎯 SSE Share Price Forecast for 2026

Leading investment banks maintain a “Buy” consensus rating on SSE plc, supported by the company’s clear strategy of expanding low-carbon energy and regulated infrastructure.

ScenarioConditionsExpected Price Range (End of 2026)
ConservativeProject delays, persistent inflation£20.50 – £22.00
Base Case (Most Likely)Successful execution of investment plan, steady RAV growth, dividend increase£22.50 – £24.50
OptimisticRapid project delivery, favorable regulation, approval of major offshore wind projects£25.00 – £27.00 +

💡 Investor Takeaway

The SSE share price in 2026 will likely be driven less by short-term energy price swings and more by its long-term, regulated growth strategy. SSE is evolving into a growth-oriented asset in a defensive sector, combining stable dividends with structural expansion potential — making it one of the most compelling UK utility stocks for investors with a strategic horizon.

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