Southern Company Stock: Is Wall Street Bullish or Bearish?

The Southern Company (SO), headquartered in Atlanta, Georgia, is one of the largest utilities in the U.S. Valued at $85.11 billion by market cap, the company deals with the generation, transmission, and distribution of electricity. SO and its subsidiaries own or operate 55 facilities operating or under development in 15 states, with more than 12,840 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, South Dakota, Texas, Washington, West Virginia, and Wyoming.

Shares of this leading U.S. wholesale energy provider have underperformed the broader market over the past year. SO has gained 9.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.9%. In 2024 alone, SO stock is up 10.9%, while the SPX is up 11.2% on a YTD basis.