The Ultimate Guide to Trading SSE Shares With eToro
A strong player in the green energy industry, Scotland-based SSE PLC, is a multinational energy company founded in Perth, Scotland. Listed on the London Stock Exchange, it has a high market capitalization large enough to be included in the FTSE 100 Index. The company operates mainly in United Kingdom and Ireland with ambitious plans of expanding into other countries in Europe.
Did you know? eToro offers its members the chance to trade SSE shares. If you want more detailed information on this financial opportunity, have a look at the article below.
Get onboard the renewable energy revolution by investing on SSE stocks now. To do that, just click the button below to get you started. This will take you to the trading page of SSE on the eToro dashboard. Here, you’ll view a snapshot of how easy it is to trade using the eToro platform. Should you decide to start trading, simply create and open an account on eToro.
78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
History of SSE
SSE Plc emerged from the merging of two leading public electricity suppliers in the early 1990s following the deregulation of energy in Scotland becoming known as Scottish and Southern Energy plc. Another merger in 1998 created one of the biggest energy companies in Great Britain. By then, SSE started taking the responsibility of providing electricity to millions of customers in the UK.
In 2004, the company purchased Ferrybridge and Fiddlers Ferry power stations to widen its electric network.
In 2008, the company acquired Airtricity, a wind farm business based in Ireland, to double its renewable energy capacity thus becoming the largest operator in Ireland and the United Kingdom.
Today, SSE Plc remains as the largest renewable energy authority in the United Kingdom by continually building and managing offshore and onshore wind farms in Ireland and the United Kingdom. It also maintains hydroelectric energy plants in Scotland. SSE is also keeping an eye on an expansion in Europe to help support the region’s transition to clean energy.
What is SSE's Share Symbol?
SSE Plc is listed on the London Stock Exchange by its ticker symbol: SSE or SSE.L. This is the symbol you should look for when you invest on SSE with an online brokerage. SSE is also included in the FTSE 100 Index.
Note:FTSE 100 Index or the "Footsie", is a list or a share index of 100 companies listed on the LSE with the highest market capitalization.
SSE's Price History
SSE reached its all-time high this year closing in the range of 1,865 - 1,871 GBP. SSE's stock value has seen an increase of over 23% over the last 12 months. Analysts compares the SSE stocks to a mountain goat intent on scaling the Alps, as it has shown sustained movement upwards in the last several years.
To date, SSE has yet to split its stock in its history in the market.
SSE Stock After Hours
SSE is listed at the London Stock Exchange (LSE) and its trading hours are from 8:00 am to 4:30 pm, every Monday to Friday.
In case you want to trade SSE shares while the market closed, eToro gives you the option to place an after hours order. Via this kind of order, you're already placing an advanced trade that will only be executed once market has opened at the first available rate. Once you have set an order, the funds will already be deducted from your account since this will be allocated for that specific order. Keep in mind that you can still cancel an after hours order if the market is still closed.
SSE Share Chart
Get a better understanding of SSE stock history by examining eToro's integrated charting tool displaying the stock performance of SSE by monthly and annually since its beginning of listing on the London Stock Exchange.
You can also perform a more diligent chart analysis by using the advanced ProChart feature of the platform.
SSE Stock News
Get the inside scoop on SSE quick and easy just by following the company's latest news and updates on the eToro's “social investment network” tool that displays all important information that pertains to the company’s business activities and the movement of its SSE shares value.
To keep a tab on the company’s stock-related news, simply add SSE's trading page into your watchlist. As a bonus, you will also have the chance to follow top performing eToro traders who are also trading SSE stocks on the platform. There's also the "News" tab which features a regularly updated list of relevant news updates about this company.
Reminder: You may only be able to access the News tab if you have a funded eToro account.
Why are SSE Shares Down?
SSE's share price experienced a slight downturn in 2021 after a year when it started feeling the effects of the Covid-19 pandemic that threw the energy market into a tailspin.
The effects of the pandemic put the urgent need of world economies for renewable energy into the backseat as the need to focus on health infrastructure took centerstage momentarily.
SSE Shares Forecast
Financial analysts expect SSE to see an increase in their stocks after expanding its portfolio with a bunch of renewable energy projects acquisitions in France, Spain, Greece and Italy.
This development—a 580 million euros deal with Siemens Gamesa Renewable Energy—followed what seemed like a span of broad flat trend of SSE shares on the market.
Traders looking closely at SSE shares might want to consult eToro’s “Research” tab to get access to market analyst’s consensus and forecasts. In this section, you can also study and follow trade activities of SSE stocks investors as well as read expert thoughts about the future of the company’s stock market potential, growth and even risks of its share prices decreasing. Overall, the Research section of eToro will let you know more about a company’s stock history and ratings over a period of time.
Keep in mind: The Research tab is only accessible if you're logged in using an active eToro account that has already been funded.
Should I Buy SSE Shares?
When taking into considerations the pros and cons of investing your hard-earned money on SSE stocks. you might need to know these important details about the company.
SSE has made it known that it fully intends to expand operations outside the United Kingdom and Ireland.
The company is investing around 12.5 million GBP to increase its carbon emission reduction targets by 2026.
SSE earnings grew by over 160% over the past year.
Its current stock price is trading at 4% below analyst's estimate, thus leaving investors with more room to grow profit.
How to Trade SSE Shares?
Thanks to the advent of online brokerage and trading platforms, investing 0n the stock market is now made easier and accessible to the public. One such popular platform is eToro. With eToro, you can readily buy and trade SSE shares by opening non-leveraged buy positions or through Contracts-for-Difference (CFD) trading.
With CFD trading, investors are finding the most casual way of investing on the market without having the need to purchasing an actual stock— and by using eToro, you don’t have to pay any commission fees, just pure free stock trading. eToro also provides Leveraged trading that offer investors maximum market exposure at the risk of a small investment referred to as “margin”.
With eToro, you can also copy other successful investors who have traded the SSE stock before by using the CopyTrader feature.
How to Buy SSE Shares on eToro?
Login or create an account with eToro if you don't have one.
Enter "SSE" on the search bar, look for the SSE result under the Markets category, and click on its corresponding "Trade" button.
Enter the amount you wish to invest and set the stop-loss, leverage and take-profit according to your trading preferences.
Click "Open Trade".
Are you ready to trade SSE shares?
If you’re ready to roll with SSE shares, simply click the button below. This will lead you to eToro’s online trading dashboard for SSE. Remember, this is the live platform, so you will need to create an account by hitting the “Sign Up” button in order for you to start exploring the eToro trading platform and investing on SSE stocks.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.