Southern Company's unit, Georgia Power, said on Monday it had signed an agreement with Google to support upgrades at two of its nuclear plants that could add about 96 megawatts of electricity capacity.
In the most recent trading session, Southern Co. (SO) closed at $86.01, indicating a -1.14% shift from the previous trading day.
SO's PowerSecure lands a data center deal with Keel Infrastructure, delivering scalable backup power and peak-shaving capabilities.
SO benefits from strong power demand, OpenAI's long-term contract and regulated growth prospects, while high capital needs, rising debt costs and weak returns remain concerns.
The banking company is a year into absorbing a major southern acquisition while earnings surge, loans grow, and aggressive buybacks are boosting shareholder returns.
Shares in Borders & Southern Petroleum (AIM:BOR), the AIM-listed oil and gas explorer with licences in the Falkland Islands, fell 15% to 9.78p on Friday. The drop came after Argentina's president, Javier Milei, said he would speed up sanctions against companies involved in oil extraction projects near the islands.
SO's Georgia Power wins approval for an OpenAI power deal adding 3.2 GW of demand, with flexible load and customer savings in focus.
Borders & Southern Petroleum (AIM:BOR) said accelerating development of the Sea Lion oil project is sharpening investor attention on the Falkland Islands as the company advances talks over a farm-out of its own Darwin discovery. The explorer pointed to Navitas Petroleum's commitment to secure a second FPSO for Sea Lion and Rockhopper Exploration's recent capital raise to meet additional development costs, saying the investment reinforced the Falklands' emergence as a new oil-producing region.
The Southern Company SOMN UNIT 12/15/28 offers a compelling hybrid security with a 7.125% coupon and equity upside, rated Strong Buy. Recent price weakness in SO enhances SOMN's attractiveness, especially for investors confident in SO's ability to navigate climate policy shifts. SO is investing $80 billion over five years in grid modernization, storm-hardening, and advanced technologies, positioning for future energy demand and reliability.
Wall Street often debates when the heavy capital spending cycle for artificial intelligence might peak. A common market narrative suggests cloud providers are approaching a digestion phase, where capital outlays stall so platforms can absorb existing capacity.
The Southern Company is upgraded to Buy due to improved fundamentals and an attractive valuation. SO targets a 9% annual rate base growth through 2030, backed by $80B+ in capex and regulatory approvals. Allowed ROEs are robust, averaging 11% and reaching up to 14.5% in key markets, supporting strong earnings growth.
2026 hasn't been a year for utilities so far, but stocks like The Southern Company and Duke Energy have seen better-than-average price movements. Both released their earnings recently, which were healthy, with double-digit percent increases in adjusted earnings. The outlook for 2026 was also reaffirmed, as were the good long-term prospects. However, both stocks are fairly valued in the short term. SO shows a bigger potential longer-term price upside, but DUK is more future-ready with a bigger clean energy contribution.