Seaport Research downgraded Southern Company (SO) to Neutral from Buy without a price target The firm cites the regulatory uncertainty in Georgia and Alabama ahead of the upcoming elections of their state commissioners for the downgrade. Southern Company also faces growing electric bill affordability concerns given the high realized equity returns of its Georgia Power and Alabama Power, the analyst tells investors in a research note. Seaport sees potential downside Southern’s earnings starting in 2029 though repricing.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO:
- Southern Company downgraded to Neutral from Buy at Seaport Research
- PowerSecure to deliver energy storage, solar for PRECorp
- Southern Company price target raised to $114 from $107 at Citi
- Southern Company price target raised to $99 from $88 at Barclays
- Insiders Shake Up Vale, Gevo, Macy’s, Tonix, Southern