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Southern Co

Southern Co

SO
$95.30USD↓-0.80%-0.77 today

MARKET CAP

107.4B

P/E (TTM)

24.4x

FWD P/E

—

DAY RANGE

$95 – $98

52W RANGE

$84
$101

AI Summary

Stalk
Buy NowMedium

SO is in a Stage 2 advancing corrective reset, with dynamic support emerging at the rising 9/20 EMAs and the 50-day SMA. The active Bullish Pivot Point confirms downside control failure and structural repair, creating a favorable entry on pullbacks into the EMA zone aligned with the medium- and long-term uptrends. Execution now favors buy-on-pullback participation, while vigilance is needed for any breakdown below key EMAs and the 50-day SMA.

  • ↑Large-load contracts top 11 GW with a 75 GW pipeline for data centers.
  • ↑Q1 2026 EPS $1.32 (+7% YoY), beat by $0.12, dividend raised to $3.04.
  • ↓Negative earnings yield and poor Growth/Profitability factors signal headwinds.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Southern Company (NYSE: SO) is a leading electric utility holding company operating in the Southeastern United States, providing electricity and natural gas to over 9 million customers. The company has a diversified portfolio that spans regulated utilities, competitive energy operations, and renewable energy investments, positioning itself as a key player in the ongoing energy transition. As the firm aims to capitalize on economic growth and rising energy demands, it is particularly focused on expanding its capacity through investments in large load customer agreements and renewable energy projects.

Bull says

  • ↑Large-load contracts top 11 GW with a 75 GW pipeline for data centers.
  • ↑Q1 2026 EPS $1.32 (+7% YoY), beat by $0.12, dividend raised to $3.04.
  • ↑Georgia base rates frozen through 2029 ensure stable pricing.
  • ↑$26.5 B DOE loan funds renewables, boosts grid reliability and cuts financing costs.
  • ↑Low stock volatility and solid dividend yield highlight stability.
  • ↑Proven capex execution suggests high returns on $76 B investment plan.

Bear says

  • ↓Negative earnings yield and poor Growth/Profitability factors signal headwinds.
  • ↓$76 B capex plan and higher interest rates may squeeze margins.
  • ↓Regulatory shifts and PSC decisions in Georgia could cut revenues.
  • ↓Dependence on large-load contracts risks shortfalls if demand lags.
  • ↓Analyst earnings revisions down and elevated short interest reflect skepticism.
  • ↓Rising O&M expenses and operational costs weigh on financials.

Investment themes with SO

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026bullish

Transcript signals

Bull points

  • we reported adjusted earnings results for the first quarter above our estimate, with year-over-year growth reflected across all our major businesses.
  • We continue to see extraordinary growth and economic development opportunities as our service territories attract investment, people, and jobs at a pace few regions can match.
  • In just the last two months, we assigned contracts for another 1.9 gigawatts of customer load with high credit quality hyperscalers, bringing our fully contracted large load agreements to more than 11 gigawatts across our electric subsidiaries.

Bear points

  • This growth was partially offset by higher financing costs and milder weather year over year compared to the first quarter of 2025.
Read full transcript analysis ›