Southern Company Risk Looks Overdone as Policy Fears Fade

Mizuho maintained an Outperform rating on Southern Company after discussions in Alabama indicated competing utility legislation is unlikely to cause meaningful regulatory damage, arguing the perceived threat is overstated. The note reduces near-term regulatory downside risk for SO shares and supports the analyst view, with limited broader market implications.

Analysis

Mizuho maintained an Outperform rating on Southern Company after discussions in Alabama indicated competing utility legislation is unlikely to cause meaningful regulatory damage, arguing the perceived threat is overstated. The note reduces near-term regulatory downside risk for SO shares and supports the analyst view, with limited broader market implications.