SSE PLC (LSE:SSE) shares climbed 1.3% on Wednesday before being blown back into the red, as the power company said it expects adjusted earnings per share for the past year to March to be in the range of 155p to 160p, in line with expectations.
This was narrowed down from previous guidance of 154p to 163p per share.
The utility said its renewable energy output is expected to have increased by around 17% year-on-year to roughly 13.0 terrawatt hours (TWh) as it added new capacity and weather conditions were "variable" right up to year-end.
Capital investment reached around £3 billion, aligned with its latest net zero acceleration plan, with adjusted net debt and hybrid capital expected to be around £10 billion at the year end.
For the coming year, SSE gave no target but reaffirmed the aim to deliver adjusted earnings per share of between 175p and 200p for the year to March 2027.
SSE shares, having sunk to around a two-year low last month, climbed sharply on Friday when it said that chief commercial officer Martin Pibworth will be promoted to CEO in July.
Pibworth has been with SSE since 1998 and on the board since 2017.