National Grid PLC (LSE:NG.) is looking a better bet currently than fellow power peer SSE, according to analysts at UBS.
Results from both are due the week after next with National Grid due Thursday 23 May and SSE the day before.
Grid is rated a buy by UBS with a target price of 1,240p, an 11% premium to the market price.
Things to watch, according to UBS, are comments on any communication from regulator Ofgem on returns and the clarity this will bring on the current five-year plan.
Ofgem’s document is expected on 27 June.
SSE is a hold for UBS, with a price target of 1,760p against a market price of 1,806p.
“Focal points at FY results will be impairments, Dogger Bank progress and potential capex cuts. We look for FYMar25 adj. EPS guidance to be 'min 155p' or above.”