Southern Company (SO) Price Target Raised by TD Cowen on Financing and Demand Outlook

NodeGuardian · 2026-03-10T18:21:22+00:00

TD Cowen raised Southern Company's price target to $112, maintaining a Buy rating, after a $26.54 billion loan from the Department of Energy, viewing it as a strategic advantage that could enhance company valuation amid rising electricity demand.

NodeGuardian

2026-03-10 18:21:22

Abstract generation in progress

TD Cowen has raised its price target for Southern Company (SO) to $112 from $108, maintaining a Buy rating. This adjustment follows a significant $26.54 billion loan from the U.S. Department of Energy, which the firm views as both a financing advantage and political endorsement of SO’s growth strategy. The analyst suggests that large increases in electricity demand can benefit customers and help cover system costs, potentially leading to a higher valuation premium for the company.

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