SSE's full year outlook has improved since May due to higher and more volatile gas and power prices, J.P. Morgan analysts write, after the power distribution company's first-half trading update was in line with expectations. With key winter months ahead, SSE's ability to capture higher prices will depend on market conditions and renewables output. Shares rose 0.8% to 2,502.00 pence.
RBC Capital Markets analysts Alexander Wheeler and Ziyad Jasimuddin note SSE's solid half-year update shows the company is on track, with full-year guidance unchanged but subject to weather, market conditions and plant availability. Shares fell 0.8% to 2,470.00 pence.
Torrent Power's future earnings growth over the next three years is well supported by diversification across segments of the power sector, Motilal Oswal analysts say. The company maintains a robust balance sheet, positioning it well to bid for new projects. Motilal Oswal initiates coverage with a Neutral rating and target price of 1,270 rupees. Shares are down 1.3% at 1,229.90 rupees.
Amplitude Energy's East Coast Supply Project advancement draws positive commentary from Macquarie and Ord Minnett, with analysts expecting 57% production growth by FY30 and improved cash flow outlook.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing