The Southern Company (NYSE: SO), is a leading energy provider serving 9 million customers across the southeastern United States. Headquartered in Atlanta, Georgia, it is one of the nation’s largest producers of electricity. With nearly $25 billion in annual revenue, Southern Company owns electric utilities in three states and a growing renewable energy portfolio.
Key Takeaways:
- The Southern Company is a prominent player in the electric utilities sector, with a strong focus on renewable energy initiatives.
- Our stock price forecast indicates steady growth, driven by robust demand, favorable regulatory environment, and strategic investments.
- Long-term projections suggest significant upside potential, positioning Southern Company as an attractive investment opportunity.
- Factors such as energy transition, technological advancements, and environmental concerns shape the company’s future prospects.
Overview of The Southern Company
The Southern Company’s history can be traced back to 1924 when Southeastern Power & Light was formed as a holding company for Alabama Traction, Light and Power. It later merged with Georgia Power in 1926 and Mississippi Power in 1925. In 1930, Southeastern Power & Light merged into the Commonwealth & Southern Corporation, which was dissolved in the late 1940s to meet the Public Utility Holding Company Act of 1935.
The remaining operating companies, including Alabama Power, Georgia Power, Gulf Power, and Mississippi Power, were allowed to remain under common ownership and formed The Southern Company in 1945.
The Southern Company Profile
| Country | United States |
| Ticker Symbol | SO |
| Exchange | NYSE |
| Founded | 1945 |
| IPO Date | 1981 |
| Industry | Utilities |
| Sector | Utilities |
| Employees | 27,960 |
| CEO | Christopher C Womack |
| Market Cap (June 14, 2024) | $86.00 billion |
| Website | southerncompany |
The Southern Company (SO) Balance Sheet Analysis
The Southern Company (NYSE: SO) reported a strong 2023 balance sheet. As of December 31, 2023, total assets reached $139.3 billion, up 3.3% from 2022. Total liabilities net minority interest were $104.1 billion, a 3.7% increase.
Total equity grew 2% to $35.2 billion. Capitalization rose 9.3% to $88.7 billion, with common equity up 3.4% to $31.4 billion. Capital lease obligations dipped to $1.5 billion.
Net tangible assets increased 4.3% to $25.9 billion. The working capital deficit improved to $3.0 billion from $5.3 billion in 2022.
Overall, solid asset, equity and capitalization growth reflected The Southern Company’s robust 2023 financial position.
Balance Sheet Data Source: finance.yahoo
The Southern Company Stock Price History
The Southern Company (NYSE: SO) had its IPO in the year 1981. Southern Company (SO) stock has undergone two splits since 1994. The first split occurred on March 1, 1994, with a 2:1 ratio, doubling the shares. Another 3:1 split followed on April 3, 2001, tripling the shares. Cumulatively, one pre-1994 share now equals 3.2738582419381 shares today.1
As of June 14, 2024, the stock stands at $78.65.
Southern Company Stock Price Forecast 2024
For the remainder of 2024, we anticipate a moderate upward trend in Southern Company’s stock price. Factors such as robust demand for electricity, favorable regulatory policies, and the company’s ongoing investments in renewable energy projects are expected to drive this growth. Our forecast suggests a low price of $79.50, an average price of $82.75, and a high price of $86.00 for 2024.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $55.50 | $82.75 | $86.00 |
Southern Company Stock Price Forecast 2025
In 2025, we expect Southern Company’s stock to continue its upward trajectory, benefiting from the company’s strategic focus on diversifying its energy portfolio. The company’s commitment to expanding its renewable energy footprint, coupled with strong operational performance, is likely to boost investor confidence. Our forecast for 2025 indicates a low price of $87.50, an average price of $91.25, and a high price of $95.00, representing a growth of approximately 10% compared to 2024.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $87.50 | $91.25 | $95.00 |
Southern Company Stock Price Forecast 2026
As the energy transition gains momentum, Southern Company’s position as a leader in the renewable energy space is expected to strengthen further in 2026. The company’s investments in solar, wind, and other clean energy initiatives are likely to contribute to its revenue growth and profitability. Our forecast suggests a low price of $96.00, an average price of $100.50, and a high price of $105.00 for 2026, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $96.00 | $100.50 | $105.00 |
Southern Company Stock Price Forecast 2027
In 2027, we anticipate Southern Company’s stock to maintain its upward momentum, driven by the company’s strategic initiatives and favorable industry dynamics. The increasing adoption of renewable energy sources and the growing demand for sustainable solutions are expected to propel the company’s growth. Our forecast for 2027 indicates a low price of $105.00, an average price of $110.50, and a high price of $116.00, representing a growth of approximately 10% compared to 2026.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $105.00 | $110.50 | $116.00 |
Southern Company Stock Price Forecast 2028
In 2028, Southern Company’s stock is projected to experience further growth, benefiting from the company’s robust financial performance and strategic investments in emerging technologies. The company’s commitment to innovation and sustainability is likely to resonate with investors, driving demand for its stock. Our forecast suggests a low price of $115.00, an average price of $121.25, and a high price of $127.50 for 2028, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $115.00 | $121.25 | $127.50 |
Southern Company Stock Price Forecast 2029
As we approach the end of the decade, Southern Company’s stock is expected to maintain its upward trajectory, driven by the company’s strong market position and the increasing demand for clean energy solutions. In 2029, our forecast indicates a low price of $126.50, an average price of $133.25, and a high price of $140.00, representing a growth of approximately 10% compared to 2028.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $126.50 | $133.25 | $140.00 |
Southern Company Stock Price Forecast 2030
In 2030, Southern Company’s stock is projected to continue its upward trend, supported by the company’s robust financial performance and strategic initiatives in the renewable energy sector. Our forecast suggests a low price of $139.00, an average price of $146.50, and a high price of $154.00 for 2030, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $139.00 | $146.50 | $154.00 |
Related: NextEra Energy (NEE) Stock Forecast & Price Prediction
Southern Company Stock Price Forecast 2031
As we enter the next decade, Southern Company’s stock is expected to maintain its upward momentum, driven by the company’s strong market position and the increasing demand for clean energy solutions. In 2031, our forecast indicates a low price of $152.50, an average price of $161.25, and a high price of $170.00, representing a growth of approximately 10% compared to 2030.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $152.50 | $161.25 | $170.00 |
Southern Company Stock Price Forecast 2032
In 2032, Southern Company’s stock is projected to continue its upward trend, supported by the company’s robust financial performance and strategic initiatives in the renewable energy sector. Our forecast suggests a low price of $167.50, an average price of $177.50, and a high price of $187.50 for 2032, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $167.50 | $177.50 | $187.50 |
Southern Company Stock Price Forecast 2033
As the energy transition continues to gather momentum, Southern Company’s position as a leader in the renewable energy space is expected to strengthen further in 2033. The company’s investments in solar, wind, and other clean energy initiatives are likely to contribute to its revenue growth and profitability. Our forecast suggests a low price of $184.00, an average price of $195.50, and a high price of $207.00 for 2033, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $184.00 | $195.50 | $207.00 |
Southern Company Stock Price Forecast 2034
In 2034, we anticipate Southern Company’s stock to maintain its upward momentum, driven by the company’s strategic initiatives and favorable industry dynamics. The increasing adoption of renewable energy sources and the growing demand for sustainable solutions are expected to propel the company’s growth. Our forecast for 2034 indicates a low price of $202.50, an average price of $215.25, and a high price of $228.00, representing a growth of approximately 10% compared to 2033.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $202.50 | $215.25 | $228.00 |
Southern Company Stock Price Forecast 2035
In 2035, Southern Company’s stock is projected to experience further growth, benefiting from the company’s robust financial performance and strategic investments in emerging technologies. The company’s commitment to innovation and sustainability is likely to resonate with investors, driving demand for its stock. Our forecast suggests a low price of $223.00, an average price of $237.25, and a high price of $251.50 for 2035, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $223.00 | $237.25 | $251.50 |
Southern Company Stock Price Forecast 2036
As we approach the mid-point of the decade, Southern Company’s stock is expected to maintain its upward trajectory, driven by the company’s strong market position and the increasing demand for clean energy solutions. In 2036, our forecast indicates a low price of $245.50, an average price of $261.00, and a high price of $276.50, representing a growth of approximately 10% compared to 2035.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $245.50 | $261.00 | $276.50 |
Southern Company Stock Price Forecast 2037
In 2037, Southern Company’s stock is projected to continue its upward trend, supported by the company’s robust financial performance and strategic initiatives in the renewable energy sector. Our forecast suggests a low price of $270.00, an average price of $287.25, and a high price of $304.50 for 2037, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $270.00 | $287.25 | $304.50 |
Southern Company Stock Price Forecast 2038
As the energy transition continues to gather momentum, Southern Company’s position as a leader in the renewable energy space is expected to strengthen further in 2038. The company’s investments in solar, wind, and other clean energy initiatives are likely to contribute to its revenue growth and profitability. Our forecast suggests a low price of $297.00, an average price of $316.25, and a high price of $335.50 for 2038, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $297.00 | $316.25 | $335.50 |
Southern Company Stock Price Forecast 2039
In 2039, we anticipate Southern Company’s stock to maintain its upward momentum, driven by the company’s strategic initiatives and favorable industry dynamics. The increasing adoption of renewable energy sources and the growing demand for sustainable solutions are expected to propel the company’s growth. Our forecast for 2039 indicates a low price of $326.50, an average price of $348.25, and a high price of $370.00, representing a growth of approximately 10% compared to 2038.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $326.50 | $348.25 | $370.00 |
Southern Company Stock Price Forecast 2040
In 2040, Southern Company’s stock is projected to experience further growth, benefiting from the company’s robust financial performance and strategic investments in emerging technologies. The company’s commitment to innovation and sustainability is likely to resonate with investors, driving demand for its stock. Our forecast suggests a low price of $359.00, an average price of $383.25, and a high price of $407.50 for 2040, reflecting a growth of approximately 10% compared to the previous year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $359.00 | $383.25 | $407.50 |
Southern Company Stock Price Forecast 2050
As we look towards the year 2050, Southern Company’s stock is expected to reach new heights, driven by the company’s unwavering commitment to sustainable energy solutions and its ability to adapt to the evolving industry landscape. Our forecast for 2050 indicates a low price of $695.00, an average price of $782.50, and a high price of $870.00, representing a remarkable growth of approximately 127% compared to 2040.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $695.00 | $782.50 | $870.00 |
The projected growth in Southern Company’s stock price for 2050 is underpinned by several key factors:
- Renewable Energy Dominance: Southern Company is expected to solidify its position as a leading provider of renewable energy solutions, capitalizing on the global shift towards cleaner and more sustainable energy sources.
- Technological Advancements: Continued investments in cutting-edge technologies, such as energy storage solutions, smart grids, and advanced energy management systems, are likely to enhance Southern Company’s operational efficiency and competitiveness.
- Regulatory Support: Favorable regulatory policies and incentives aimed at promoting renewable energy adoption are anticipated to create a conducive environment for Southern Company’s growth.
- Diversified Energy Portfolio: The company’s diversified energy portfolio, encompassing traditional and renewable sources, is expected to provide a robust foundation for long-term growth and resilience.
- Expanding Market Reach: Southern Company’s strategic expansion into new markets and regions, both domestically and internationally, is likely to contribute to its revenue growth and market share.
With a compound annual growth rate (CAGR) of approximately 9.5% from 2024 to 2050, Southern Company’s stock is poised to deliver substantial returns to investors, making it an attractive investment opportunity for those seeking exposure to the dynamic energy sector.
Conclusion
Our comprehensive analysis of The Southern Company’s stock price forecast unveils a promising outlook for the company’s growth trajectory. From 2024 to 2050, the stock is projected to experience substantial appreciation, driven by the company’s strategic focus on renewable energy, technological advancements, and a favorable regulatory environment. With a strong commitment to sustainability and a diversified energy portfolio, Southern Company is well-positioned to capitalize on the global energy transition.
FAQs
1. What is the future of SO share price?
Based on our analysis, the future of The Southern Company (SO) share price looks very promising. We forecast the stock price to experience steady growth year-over-year, reaching new heights by 2050. Our projections show the stock price could reach a high of $407.50 by 2040 and an incredible high of $870.00 by 2050.
2. What is the SO share prediction for 2030?
For 2030 specifically, our forecast indicates a low price of $139.00, an average price of $146.50, and a high price of $154.00 for Southern Company’s stock.
3. What is the SO 10 year outlook?
Over the next 10 years from 2024 to 2034, we project Southern Company’s stock to see substantial upside. By 2034, our forecast shows a low of $202.50, average of $215.25, and high of $228.00. This represents impressive growth of over 175% from the current $78.65 price as of June 2024.
4. Is SO a buy, hold or sell?
Based on the bullish long-term projections, Southern Company appears to be a strong buy for investors seeking exposure to the renewable energy sector. The forecasted compounded annual growth rate of 9.5% from 2024 to 2050 makes it an attractive investment opportunity.
5. Who are the major competitors of SO?
Some of the major competitors of The Southern Company include other large electric utility companies like Duke Energy, Dominion Energy, NextEra Energy, American Electric Power, and Exelon Corporation. However, Southern Company’s focus on renewable energy could help differentiate it from some peers.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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