SSE Looks More Appealing as Tax Picture Gets Clearer -- Market Talk

Dow Jones

Nov 23, 2022

1656 GMT - SSE shares look more attractive than they were, RBC Capital Markets says, upgrading the Scottish power generator to outperform from sector perform and its price target to 2,050 pence from 1825p. "SSE, like much of the UK utility space, has been buffeted by macro-economic concerns and risks around government intervention for much of 2022," RBC analyst John Musk says in a note. "We now have clarity on windfall taxes and think investors should now re-focus on SSE's attractive business mix and long-term growth prospects aligned to the energy transition. The net impact of higher power prices & inflation alongside windfall taxes result in our EPS forecasts up [about] 15-30% over the next three years." Shares closed 1.7% higher at 1724p. (philip.waller@wsj.com)

(END) Dow Jones Newswires

November 22, 2022 11:57 ET (16:57 GMT)

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The net impact of higher power prices &amp; inflation alongside windfall taxes result in our EPS forecasts up [about] 15-30% over the next three years.\" Shares closed 1.7% higher at 1724p. (philip.waller@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2022 11:57 ET (16:57 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SSE Looks More Appealing as Tax Picture Gets Clearer -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSSE Looks More Appealing as Tax Picture Gets Clearer -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-11-23 00:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  1656 GMT - SSE shares look more attractive than they were, RBC Capital Markets says, upgrading the Scottish power generator to outperform from sector perform and its price target to 2,050 pence from 1825p. \"SSE, like much of the UK utility space, has been buffeted by macro-economic concerns and risks around government intervention for much of 2022,\" RBC analyst John Musk says in a note. \"We now have clarity on windfall taxes and think investors should now re-focus on SSE's attractive business mix and long-term growth prospects aligned to the energy transition. The net impact of higher power prices &amp; inflation alongside windfall taxes result in our EPS forecasts up [about] 15-30% over the next three years.\" Shares closed 1.7% higher at 1724p. (philip.waller@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2022 11:57 ET (16:57 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SSEZY","symbol_name":"SSE Plc","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2285842864","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2285842864","pubTimestamp":1669136220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1656 GMT - SSE shares look more attractive than they were, RBC Capital Markets says, upgrading the S","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSEZY":"SSE Plc","BK4081":"电力公用事业"},"translate_title":"随着税收形势变得更加明朗，上交所看起来更有吸引力——市场言论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSEZY":0.9,"SSE":1},"content_text":"1656 GMT - SSE shares look more attractive than they were, RBC Capital Markets says, upgrading the Scottish power generator to outperform from sector perform and its price target to 2,050 pence from 1825p. \"SSE, like much of the UK utility space, has been buffeted by macro-economic concerns and risks around government intervention for much of 2022,\" RBC analyst John Musk says in a note. \"We now have clarity on windfall taxes and think investors should now re-focus on SSE's attractive business mix and long-term growth prospects aligned to the energy transition. The net impact of higher power prices & inflation alongside windfall taxes result in our EPS forecasts up [about] 15-30% over the next three years.\" Shares closed 1.7% higher at 1724p. (philip.waller@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 22, 2022 11:57 ET (16:57 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}