SO - The Southern Company: Buy Sell or Hold?
2023-08-04 17:02:00 ET
With a market cap of $77 billion, The Southern Company (NYSE: SO) is one of the largest regulated utilities in the United States. For a long time the company has had a problem hanging over it in the form of Vogtle 3 and 4, two nuclear power plants that it has been building. Vogtle 3 was attached to the U.S. electrical grid at the end of July, which could be the start of very good news for income investors.
Building a large-scale nuclear power plant is complex and expensive. Southern's efforts have been anything but smooth, with the Vogtle project (which includes reactors 3 and 4) over budget and delayed. The electric and natural gas utility has even had to take multiple write-offs to account for the poor performance of the project.
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The Southern Company: Buy, Sell, or Hold?