Dive Summary:
- Despite better electricity sales this quarter, Southern Company's share value declined by 1.3% due to slow economic growth in the Southeast, operation costs, and decreased industrial sales.
- Southern Co.'s operation expenses were 25.9% higher this quarter compared to last year.
- Additionally, a third of the company's retail sales come from industrial customers, which adversely impacts Southern Co. compared to other utilities less dependent on industrial sales.
From the article:
"Southern Company currently carries a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months."
