0838 GMT - Although energy company SSE's 1H numbers are in line with expectations, there was a weaker-than-anticipated result in the renewables segment although it was offset by a strong performance in thermal generation and gas storage, RBC Capital Markets analyst John Musk says in a note. "The weakness in renewables may prove a slight disappointment although we note full-year guidance has been fully reiterated and the near-term focus for investors will very much be on the U.K. budget to be announced tomorrow and details on the planned windfall tax for electricity generation," Musk says. RBC has a 1,825-pence target price on the stock. Shares are down 1.3% at 1,623 pence.(anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

November 16, 2022 03:38 ET (08:38 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.