SSE PLC (LSE:SSE) climbed 2.8% on Wednesday after tweaking full-year earnings per share guidance to 152-160p, from “more than 150p” previously.
The FTSE 100-listed energy firm said the figure, which compares to last year's 166p, reflects reduced renewable output and an adjusted operating profit of over £750 million from its gas and thermal division, against £1.24 billion previously.
Renewable output of 13% below plan marks an improvement on the 15% miss reported in the nine months to December, though.
SSE remains on track to report capital expenditure of £2.5 billion for the year, “as it continues to progress its high-quality project pipeline”, the firm said.
“In the longer term, the group continues to focus on the delivery of the investment, operational and financial growth targets,” SSE added, firming up targets for 175-200p per-share earnings by 2027.