Welcome to our dedicated page for The Southern Company news (Ticker: $SO), a resource for investors and traders seeking the latest updates and insights on The Southern Company stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Southern Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Southern Company's position in the market.
Southern Power, a subsidiary of Southern Company, announced the expansion of its Millers Branch Solar Facility in Haskell County, Texas. The new phase will add 180 megawatts (MW) to the existing 200 MW, with potential to reach 500 MW.
Scheduled for commercial operation by Q2 2026, the project supports Southern Power's strategy of developing assets with long-term contracts. Prominent companies including Cisco, Juniper Networks, and IDEXX Laboratories have signed power purchase agreements for the Phase II output.
Southern Power's renewable portfolio now includes over 2,920 MW of solar and 5,450 MW of total renewable capacity across 30 solar and 15 wind facilities.
Southern Company recently joined Incubatenergy Labs, a program by EPRI focused on connecting start-up companies in clean energy and electrification with energy providers to pilot innovative solutions. The company was the host sponsor of EPRI's Electrification 2024 Conference, showcasing emerging companies. Southern Company's New Ventures Director expressed enthusiasm for the collaboration, emphasizing the company's commitment to innovation and shaping the future of energy through active engagement.
Southern Company announced that Peter P. Sena III will succeed Stephen Kuczynski as chairman and CEO of Southern Nuclear. Sena, who joined in 2019, brings extensive industry experience and will oversee operations across multiple nuclear power plants. Kuczynski led the company through challenges and the successful construction of Vogtle Units 3&4.
The TOUR Championship has been recognized as a GEO Certified® Tournament for the first time in its history. They are delivering 100% renewable energy for the event, aligning with their goal of achieving net-zero emissions by 2050. The recognition showcases their commitment to sustainability.
Solar energy accounted for over 50% of new U.S. electricity generating capacity in 2023, with a record 32.4 gigawatts added to the grid, a 51% increase from 2022. Southern Company and its subsidiaries lead the solar expansion in the Southeast, with plans to triple solar capacity by the early 2030s. The company aims to have around 20,000 MW of renewable capacity and storage by 2030, contributing to a net-zero greenhouse gas emissions goal by 2050.
Southern Company (NYSE: SO) announced the pricing of $1.3 billion in Series 2024A 4.50% Convertible Senior Notes due June 15, 2027, reflecting an upsize of $200 million. The Convertible Notes will have an initial conversion rate of 10.8166 shares of common stock per $1,000 principal amount, with an initial conversion price of approximately $92.45 per share. The offering is expected to close on May 9, 2024. Southern Company intends to use the proceeds to repay commercial paper borrowings and for general corporate purposes.
Southern Company (NYSE: SO) announced an offering of $1.1 billion in convertible senior notes due June 15, 2027, to qualified institutional buyers. The terms of the notes will be determined at pricing, with interest paid semiannually. The company plans to use the proceeds to repay commercial paper borrowings and for general corporate purposes.
Southern Company reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024 compared to $862 million, or 79 cents per share, in the first quarter of 2023. Adjusted earnings drivers included higher utility revenues offset by increased expenses. Operating revenues for Q1 2024 were $6.6 billion, a 2.6% increase from Q1 2023. The company highlighted the achievement of commercial operation at Plant Vogtle Unit 4, making it the largest generator of clean energy in the US.
PROPEL and Southern Company have launched the HBCU Cybersecurity Consortium, aiming to bridge the gap in cybersecurity talent shortage by providing industry-aligned education and opportunities for HBCU students and faculty. This groundbreaking initiative will offer professional development, accelerated learning, and a workforce pipeline to enhance skills and prepare future cybersecurity professionals.
Southern Power, a subsidiary of Southern Company, has announced the expansion of its Millers Branch Solar Facility in Texas, adding 180 MW to the existing 200 MW project. The total capacity could reach 500 MW. The project aims to provide renewable energy solutions to diverse customers and communities, with commercial operation expected in the second quarter of 2026. Various companies have signed power purchase agreements to support the environmental attributes of the expansion. This move aligns with Southern Power's strategy of bolstering its wholesale business through long-term contracts with reliable partners.
