Citi upgrades SSE to 'buy'

Citi upgraded SSE to ‘buy’ from ‘neutral’ on Wednesday as it said the company was well placed to benefit from any long-term acceleration of energy transition.

The bank cited SSE’s portfolio of renewable and network assets, as well as the near-term protection they provide from a higher-for-longer inflationary environment.

"Backed by a credible financing strategy, visible dividend, and potentially meaningful earnings upgrades to come, we see SSE as in a sweet spot to benefit," Citi said.