US stock futures edge lower after S&P 500 hits record high; PCE data in focus
Investing.com - Jefferies has increased the price target on Southern Co . (NYSE:SO) to $108.00 from $104.00 while maintaining an Underperform rating on the stock. The utility giant, with a market capitalization of $104.56 billion, is currently trading near its 52-week high of $96.44, showing strong momentum with a 17% return year-to-date.
The research firm’s decision follows Southern Co.’s second-quarter 2025 results, which provided clarity on the company’s capital deployment plans.
Jefferies highlighted that Southern Co. has revealed a 10 GW certification decision that includes both all-source RFP and supplemental capacity, with Public Service Commission approval expected in December that would unlock $4 billion in incremental capital expenditure.
The firm noted that Southern Co. continues to maintain conservative messaging regarding its outlook.
Jefferies identified the September load forecast and December certification as near-term catalysts that could validate their above-consensus 7.3% EPS CAGR projection through 2029.
In other recent news, Southern Company reported its Q2 2025 financial results, showcasing a mix of achievements and shortfalls. The company’s revenue reached 6.97 billion dollars, surpassing the expected 6.64 billion dollars, marking a positive surprise for investors. However, Southern’s earnings per share (EPS) came in at $0.92, slightly below the consensus forecast of $0.93. This earnings report reflects a combination of strong revenue performance alongside a minor shortfall in earnings expectations. These developments are part of the latest updates concerning Southern Company.
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