Raymond James Raises its Price Target on Southern Company (SO) to $104

The Southern Company (NYSE:SO) is one of the 15 Best Power Generation Stocks To Buy For Data Center Demand.

On May 1, 2026, Raymond James raised its price target on The Southern Company (NYSE:SO) to $104 from $103 and maintained an Outperform rating. The firm said Southern continues to execute well, supported by strong demand visibility, a large contracted load pipeline, and an $81B regulated capital expenditure plan expected to drive 9% rate base growth through 2030. Raymond James also pointed to improving financing clarity and potential upside as investment activity ramps.

Mizuho has also raised its price target on The Southern Company (NYSE:SO) to $105 from $104 previously while maintaining an Outperform rating on the shares.

Raymond James Raises its Price Target on Southern Company (SO) to $104

High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers.

On April 30, 2026, The Southern Company (NYSE:SO) reported Q1 adjusted EPS of $1.32, above the $1.21 consensus estimate, while revenue came in at $8.4B compared to $8.11B expected. CEO Chris Womack said the company continues investing in infrastructure to support regional growth while focusing on reliability and stable rates for customers. Southern sees FY26 adjusted EPS of $4.50-$4.60 versus $4.57 consensus.

The Southern Company (NYSE:SO), through its subsidiaries, provides electricity and energy-related services to retail and wholesale customers in the United States.

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