NYSE:SOElectric Utilities
Southern Raises Growth Outlook And US$81b Plan As Valuation Question Emerges
Southern Company (NYSE:SO) raised its long term earnings per share growth projection to a range of 7% to 8%.
The company outlined an expanded $81b capital investment plan running through 2030.
These moves coincide with multiple analyst upgrades and a more positive industry outlook for U.S. power demand.
For investors, this update comes as Southern trades at $95.81, with the stock up 4.1% over the past week and 9.4% over the past month. Longer term returns have also been strong, with the...