SSE Shares Head for Best Week Since 2000 on £33 Billion Roadmap
Power transmission lines near a SSE power station in Ferrybridge, UK.
Photographer: Matthew Lloyd/BloombergA British power generator’s outline of its £33 billion ($43 billion) plan to overhaul grids and accommodate the rapid expansion of renewable energy has put the stock on track for its best week in a quarter-century.
London-listed SSE Plc has seen its shares surge 18% in what’s set to be its best week since February 2000. Investors welcomed news of a £2 billion share sale that will partly fund the growth plan, given the equity raise is at the lower end of previous scenarios, according to analysts.