Southern Company: Data Center Demand Is Becoming A Long-Term Growth Driver
Southern Company is experiencing growth driven by increasing demand from data centers. The company has reported strong Q1 results, with revenue and adjusted EPS both showing significant year-over-year increases. Analysts have rated the stock as a Buy, projecting a target price of $102, indicating a potential upside of 9%.
- ▪Southern Company has a target price of $102, suggesting a 9% upside.
- ▪In Q1, the company reported an 8% increase in revenue and a 7.3% rise in adjusted EPS.
- ▪Data centers have contributed to a 30% boost in wholesale electric sales.
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