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Indra Bhattacharjee's Avatar
published in Blogs
Mar 05, 2019

Southern Company (SO, $50.13) slated to finish two new nuclear plants

The Southern Company (SO) has now brought reactors like Westinghouse AP100 online in China to help break the trend of cost overruns and delays at the company’s Vogtle nuclear construction site in Georgia.

SO is known to have set up a nuclear power plant during the late 1980s at its Vogtle facility. But the costs had overrun from estimates of $2 billion to over $9 billion, and Southern’s contractor Westinghouse declared bankruptcy. Investors were not exactly happy when the company decided to add two more nuclear plants at its Vogtle facility.

However, fourth quarter results provided some solid news. The company believes it is on schedule to hit its November 2021 and November 2022 in-service dates for its two new nuclear units, thanks to the improved efficiency driven by positive employment and retention trends. It has also reformed its decisions about employing less skilled labor for doing simple tasks, and focusing more on skilled labors with tasks only they can complete.

But the role of China is crucial in Southern’s plans to finish strongly at the Vogtle project. As Westinghouse AP1000 reactors have been brought online in that country over the last year, Southern has been there to watch the process. With the Chinese plants going live, it’s now clear to the company how technology actually works. The lesson learned from Chinese start-ups could actually help the company’s own execution.

The Southern Company offers its investors a hearty dividend yield of 4.4%.

Related Ticker: SO

Momentum Indicator for SO turns positive, indicating new upward trend

SO saw its Momentum Indicator move above the 0 level on October 31, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

SO moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SO crossed bullishly above the 50-day moving average on November 03, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SO advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 352 cases where SO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SO broke above its upper Bollinger Band on November 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. SO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.450) is normal, around the industry mean (1.567). P/E Ratio (25.707) is within average values for comparable stocks, (21.476). Projected Growth (PEG Ratio) (3.386) is also within normal values, averaging (2.604). Dividend Yield (0.039) settles around the average of (0.051) among similar stocks. P/S Ratio (2.946) is also within normal values, averaging (3.260).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.42B. The market cap for tickers in the group ranges from 500 to 119.33B. NEE holds the highest valuation in this group at 119.33B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was 1%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was -3%. EUSP experienced the highest price growth at 40%, while HAWLI experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was 144%. For the same stocks of the Industry, the average monthly volume growth was -21% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 69
Price Growth Rating: 56
SMR Rating: 79
Profit Risk Rating: 72
Seasonality Score: 21 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a company that generates and supplies electricity

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
30 Ivan Allen Jr. Boulevard
Phone
+1 404 506-5000
Employees
27700
Web
https://www.southerncompany.com
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SO and

Correlation & Price change

A.I.dvisor indicates that over the last year, SO has been closely correlated with DTE. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if SO jumps, then DTE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SO
1D Price
Change %
SO100%
+0.76%
DTE - SO
86%
Closely correlated
+3.90%
PPL - SO
85%
Closely correlated
+1.38%
DUK - SO
84%
Closely correlated
+0.39%
LNT - SO
84%
Closely correlated
+1.82%
WEC - SO
84%
Closely correlated
+1.61%
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