Southern's Shares Surge 29% Year to Date: Time to Buy or Hold?
SOSouthern Company(SO) ZACKS·2024-09-24 21:02

Southern Company (SO) has demonstrated resilience, with its share price increasing 29.1% year to date, reaching the 52-week high of $90.59 yesterday. This gain significantly outperforms the broader utility sector, which has increased 19.6% in the same time. Additionally, SO has outperformed its key competitors in the Electric Power utility sub-industry, including DTE Energy Company (DTE) , E.ON SE (EONGY) and Enel SpA (ENLAY) .Given the recent Federal Reserve interest rate cut of 0.50%, investors are increa ...