In the bio-tech sector, Southern Company (SO) has made significant headlines. The energy firm has expanded its $76 billion capital plan to meet growing power demand in data centers, driven by artificial intelligence and other technologies. Financial experts suggest that holding Southern Company's stock is justified with 70% institutional ownership indicating strong trust among large investors. The company has also seen a CFO transition, and has seen a recent target price increase to $94 at Morgan Stanley. In addition to this, there has been a bullish trend with Southern Company stock, and they have increased their dividend for the 24th consecutive year. This year's Q2 earnings have shown substantial growth prospects, prompting an upgrade at Jefferies, while Georgia Power, a subsidiary of the company, has frozen base rates until 2028. A strong emphasis is placed on expanding data centers as a growth catalyst. The company has also gained approval for a power plan to meet surging AI demand and expanded its clean energy portfolio, particularly in Virginia and Tennessee. A strategic leadership shuffle was undertaken at Georgia Power, with veteran Tyler Cook being appointed as CFO.
The Southern Company SO News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Fri, 22 Aug 2025 15:04:00 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -3
