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/SO
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Southern Co

Southern Co

SO
$87.17USD↓-0.66%-0.58 today

MARKET CAP

100.3B

P/E (TTM)

22.3x

FWD P/E

—

DAY RANGE

$87 – $89

52W RANGE

$84
$101

AI Summary

Stalk
StalkMedium

SO remains in a pronounced downtrend below major EMAs, marked by lower highs and lower lows. The extreme oversold reading triggers mean-reversion eligibility, compelling a medium-term bullish bias despite ongoing supply dominance. Short-term timing is unfavorable, so execution should be deferred (stalk) near the 20-day EMA or prior swing levels for a potential relief bounce.

  • ↑Q2 2026 adjusted EPS $1.13, up $0.21 YoY, above consensus
  • ↑Added 11,000 residential customers in Q2, totaling 40,000+ in year
  • ↓Negative growth outlook points to subdued future earnings momentum
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The case for & against

Bull & Bear analysis

Bearish

Southern Company (NYSE: SO) is a leading energy utility provider primarily operating in the Southeastern United States. With a diverse portfolio that includes regulated utilities, power generation, and competitive energy solutions, Southern Company leverages its established infrastructure to meet growing customer demands, particularly from the rapidly expanding data center sector. The company is transitioning towards sustainable energy solutions while maintaining a focus on customer-centric innovations.

Bull says

  • ↑Q2 2026 adjusted EPS $1.13, up $0.21 YoY, above consensus
  • ↑Added 11,000 residential customers in Q2, totaling 40,000+ in year
  • ↑Secured 17 GW of large-load contracts, highlighted by OpenAI partnership
  • ↑Dividend yield 3.2% with $0.76/share upcoming quarterly payout
  • ↑Targeting FFO-to-debt ratio of 17% by 2029 under disciplined equity strategy
  • ↑Positive earnings yield and book-to-price ratio (~0.71) indicate undervaluation

Bear says

  • ↓Negative growth outlook points to subdued future earnings momentum
  • ↓Elevated debt levels increase interest expense pressure amid rising rates
  • ↓Analyst revisions are pessimistic, suggesting potential earnings downgrades
  • ↓Elevated short interest reflects investor skepticism on growth prospects
  • ↓Weak profitability factors raise concerns on margin sustainability
  • ↓Low liquidity may hinder trade execution and capital raising

Investment themes with SO

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-04-2026bullish

Transcript signals

Bull points

  • our adjusted earnings per share was 92 cents per share, seven cents above our estimate and 18 cents lower than the second quarter of 2024, indicating strong performance against estimates.
  • Our performance for the current quarter included increased earnings from investments in our state regulated utilities, along with higher usage and customer growth, which added six cents year by year compared to the second quarter of 2024.
  • year-to-date weather normal retail electricity sales were 1.3% higher than the first half of 2024.

Bear points

  • These positive drivers were offset by milder weather, prior year gains on transmission asset sales, and current year state tax credit adjustments, along with higher operating costs, interest expense, and depreciation and amortization.
Read full transcript analysis ›