Southern Company (SO)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$88.11-0.74%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
QuarterlyIQ Insights · SO
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 1.3% |
| Our one-year growth estimate | diamond | 5.6% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates and long-term interest rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 4.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 31 industry peers
SO — capital allocation
Dated 2026-08-06
by reference. The Company offered and sold the Convertible Notes to the Initial Purchasers in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and for resale by the Initial Purchasers to persons reasonably believed to be qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A under the Securities Act. The Company relied on these exemptions from registration based i…
Why it matters: Faster revenue growth means more demand. It also shows better operations.
Supportive ifRevenue growth exceeds 4% in the next quarter.
Worry ifRevenue growth stays below 4% in the next quarter.
Why it matters: Earnings above $1.32 would show continued growth and support management's goal of EPS growth.
Supportive ifQ2 2026 earnings per share reported at or above $1.32.
Worry ifQ2 2026 earnings per share reported below $1.32.
Why it matters: More buybacks show confidence in financial health and capital use.
Supportive ifA new share buyback program or an expansion of current ones is announced.
Worry ifNo new buybacks are announced. Existing buyback plans may be canceled.
Why it matters: More demand from data centers can raise revenues. It shows growth in the utility sector.
Supportive ifElectricity demand from data centers rose by more than 10%.
Worry ifDemand from data centers declines or remains flat.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$67 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $175 loss on $10,000 · 1.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,500 loss on $10,000 · 15.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The closing will show how well Southern Company manages its capital structure and debt.
Watch forThe offering will close on August 6, 2026. No issues are reported.
Also watch forThe offering does not close. It may face delays due to market conditions.
Why it matters: Stable cash flow above this level shows strong management. It means the company is doing well.
Supportive ifCash from operations reported above $1.5 billion for the next quarter.
Worry ifCash from operations is below $1.5 billion.
Why it matters: If sector revenue growth speeds up, it could signal a positive shift for Southern Company.
Watch forSector revenue growth exceeds 6% year over year.
Also watch forSector revenue growth remains below 5% year over year.
Why it matters: Changes in rules can greatly impact Southern Company's work and costs. It is important to watch these changes.
Worry ifNo new rules that raise costs or compliance issues.
Less concerning ifNew rules are added that raise costs or create challenges.
Why it matters: Keeping EPS growth is important for investor trust and financial health.
Supportive ifQ3 EPS exceeds $1.13, showing continued growth from the previous quarter.
Worry ifQ3 EPS falls below $1.03, indicating a potential slowdown in earnings growth.
Why it matters: Market reactions show how investors view the company's financial plans.
Watch forIf the stock price goes up after the issuance, it shows positive sentiment.
Also watch forIf the stock price goes down after the issuance, it shows negative sentiment.