SSE: Shares Soar on Limited Equity Raise and Strong 2030 Guidance; Fair Value Increased to GBX 2,430

SSE announced a GBP 2 billion equity raise—9% of the market capitalization before the announcement—to fund a massive step-up in grid investments. It set its 2030 EPS guidance above our expectations. Shares are up by nearly 12% at the time of writing.