Mississippi Power Appoints New VP of Customer Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy SO?
Source: Newsfilter
- New Vice President: Mississippi Power's board has elected Fredie Carmichael as Vice President of Customer Solutions and Corporate Communications, effective March 16, overseeing marketing, energy efficiency, and customer service teams to enhance customer experience and support growth in service areas.
- Extensive Industry Experience: With over 26 years in communications and customer strategy, Carmichael previously served as Vice President of Corporate Affairs at Georgia Power, managing branding, advertising, and media relations for approximately 8,000 employees and 2.8 million customers, showcasing his leadership capabilities in the industry.
- Community Involvement: Carmichael has a strong history of community engagement in Mississippi, having served as founding chairman of Young Professionals of Meridian and on the Lauderdale County Board of Education, reflecting his commitment and responsibility towards local communities.
- Educational Background: He holds a communications degree from Mississippi State University and has completed the True South Economic Development Program at The University of Southern Mississippi and the Executive Leadership Program at Cornell University, equipping him with solid professional knowledge and leadership skills.
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Analyst Views on SO
Wall Street analysts forecast SO stock price to fall
17 Analyst Rating
4 Buy
11 Hold
2 Sell
Hold
Current: 97.250
Low
45.00
Averages
92.34
High
109.00
Current: 97.250
Low
45.00
Averages
92.34
High
109.00
About SO
The Southern Company is an energy provider. The Company owns three traditional electric operating companies, Southern Power Company and Southern Company Gas. The traditional electric operating companies-Alabama Power, Georgia Power and Mississippi Power-are operating public utility companies providing electric service to retail customers in three Southeastern states in addition to wholesale customers in the Southeast. The Southern Power Company develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas in four states - Illinois, Georgia, Virginia, and Tennessee, through the natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Earnings Growth Outlook: The company recently raised its long-term earnings per share compound annual growth rate to as high as 8%, forecasting a 10% sales growth by 2030, driven by accelerating large load additions that enhance profitability.
- Regulatory Lag Impact: Analysts noted that the rate base growth is now projected at 9%, indicating a modest 100 basis points regulatory lag, suggesting that the growth targets in key Georgia and Alabama territories will help mitigate regulatory pressures elsewhere.
- Market Positioning Improvement: The new growth targets align Southern Co. more closely with its higher-growing large-cap peers, indicating that the company is set to better align with industry trends and enhance its competitive position in the market.
See More
