Coverage / SO / Trade Card

SO

Southern Co

BUY 2026-08-29 Data 14 days old USD 88.05 Utilities - Regulated ElectricAWAIT ENTRY
ACTIONABLEMethodology gates passed
74

Position levels

Currenttoday
USD 88.05
Buy <=wait / entry
USD 83.67
Trim >=take some off
USD 95.00
Thesis breakA formal reduction or material delay of the disclosed 3.2 GW OpenAI-related agre...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case43%100 / 10043.0
Base case49%62 / 10030.4
Bear case8%10 / 1000.8
Weighted conviction74 / 100 - BUY

Top risks

  • Georgia Power's 3.2-gigawatt, 25-year OpenAI supply agreement as part of 17+ GW contracted large-load demand
  • Q2 adjusted EPS of $1.13 beating consensus estimate of $1.01 by $0.12 and prior-year $0.79
  • Full-year 2026 adjusted EPS expected near or at top of $4.50 - $4.60 guidance range
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.