Georgia Power Restores Electricity to Over 214,000 Customers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Power Restoration Progress: Georgia Power has successfully restored electricity to over 214,000 customers affected by Winter Storm Fern, demonstrating the company's efficiency in responding to extreme weather conditions.
- Focus Area Repairs: While most power restoration efforts are complete, areas like Clayton and Cornelia in North Georgia still face significant damage, with crews accelerating their work to meet urgent customer needs.
- Generation Capacity Preparedness: The company is prepared to meet increased electricity demand during severe cold weather thanks to its diverse generation mix, including nuclear, natural gas, and renewable sources, showcasing its reliability in energy supply.
- Ongoing Investment and Improvement: Georgia Power continues to invest in generation technology and winterization measures in collaboration with the Georgia Public Service Commission, enhancing service reliability during extreme weather and ensuring customer safety in cold conditions.
Analyst Views on SO
Wall Street analysts forecast SO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SO is 92.34 USD with a low forecast of 45.00 USD and a high forecast of 109.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
4 Buy
11 Hold
2 Sell
Hold
Current: 87.540
Low
45.00
Averages
92.34
High
109.00
Current: 87.540
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.
