Southern Company (SO) Sees Price Target Increases by Firms

Southern Company (NYSE:SO) has a net profit margin of 14.7%, positioning it among the 11 most profitable renewable energy stocks currently.

On April 21, Wells Fargo raised its price target for Southern Company from $96 to $99 while maintaining an Equal Weight rating.

The firm updated first-quarter 2026 estimates after discussions with management teams across the sector, reflecting known and measurable drivers.

Additionally, Wells Fargo increased its valuation multiple assumptions for regulated utilities.

On the same day, Truist initiated coverage of Southern Company with a Hold rating and a $103 price target.

Truist stated that vertically integrated utilities are well-positioned to benefit from infrastructure investments related to growing data center electricity demand.

However, the firm noted a preference for select peers over Southern Company.

Southern Company is a major U.S. energy provider, generating, transmitting, and distributing electricity and natural gas to approximately 9 million customers.

Founded in 1945 and headquartered in Atlanta, Georgia, the company operates a diverse mix of generation resources, including solar and wind assets.

Southern Company is targeting net-zero emissions by 2050.

The rising analyst targets and sector demand tailwinds highlight Southern Company’s value as a large-scale regulated utility.

Its extensive customer base and ongoing clean energy investments support dependable long-term earnings and dividend potential.

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Southern Company remains a prominent player in the renewable energy sector as it continues to expand its infrastructure relevance.