From Yahoo Finance: 2025-06-05 21:03:00

Jefferies upgraded The Southern Company (SO) to Buy from Hold with a price target of $100 on June 5 due to promising growth outlook. Analysts anticipate considerable rate base growth from possible success in future RFPs, with Georgia Power projected to secure $12.9 billion in extra capital spending from an 8.5 gigawatt project.

Southern Co.’s EPS is expected to grow at a CAGR of 7.2% until 2029 and 7.9% through 2035, supported by stable regulatory environment and financing in place. Jefferies sees higher earnings potential post-2027, justifying the rating adjustment despite a 15% premium. The company operates as an integrated energy provider in the US market.

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Read more at Yahoo Finance: The Southern Company (SO) Upgraded at Jefferies on Promising Growth Prospects