The Southern Company (SO) has experienced a flux of significant events recently. These include a dividend increase for the 24th consecutive year, a rating upgrade from Jefferies on promising growth prospects, a report on first-quarter 2025 and fourth-quarter 2024 earnings, and the announcement of a storm-heavy 2025 preparation strategy by Georgia Power. A massive $1.25B debt refinancing strategy through new convertible notes was also unveiled, which was later upsized to $1.45 billion.
Moreover, the company has expanded their clean energy portfolio with new renewable energy agreements, with the move equaling 19,000 forest acres in carbon reduction. Q1 2025 earnings indicated power demand growth. Southern Company also received a potential downgrade, with evident stock market volatility.
The Southern Company SO News Analytics from Tue, 08 Oct 2024 07:00:00 GMT to Sat, 05 Jul 2025 12:50:05 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor -3
