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OFFON

SOUTHERN COMPANY

(SO)
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Southern Launches $1 Billion VC Decarbonization Fund

11/12/2021 | 04:50pm EST

By Kimberly Chin

Energy company Southern Co. has helped launch a $1 billion venture-capital fund committed to investing in venture and growth companies with decarbonization technologies.

Southern is a founding member of venture capital platform Energy Impact Partners. Through EIP's Flagship Fund II, the company said it has invested in more than a dozen technology companies that advance decarbonization and climate solutions.

"We see this as vital for the future of our business, our ability to achieve our sustainability goals and delivering the energy solutions our customers require," Christopher Cummiskey, Southern's chief customer solutions officer, said in prepared remarks.

The energy company plans to reduce greenhouse gas emissions by 50% by 2030 from 2007 levels and to cut emissions completely by 2050.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

11-12-21 1650ET

Stocks mentioned in the article
ChangeLast1st jan.
SOUTHERN COMPANY 1.51% 68.03 Delayed Quote.-2.27%
WTI -0.14% 87.209 Delayed Quote.15.94%
All news about SOUTHERN COMPANY
01/26Southern Co. Joining Hydrogen Council
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01/26Southern Company joins Hydrogen Council, furthering commitment to exploring clean hydro..
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01/26NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
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01/25Evercore ISI Upgrades Southern Co. to In-Line From Underperform
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01/24RBC Boosts Price Target on Southern Co. to $77 From $73, Maintains Outperform Rating
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01/20Guggenheim Adjusts Southern Company Price Target to $76 From $72, Buy Rating Kept
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01/16Georgia Power restores service to 110,000+ customers Sunday
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01/16Thousands of Georgia Power personnel responding to impacts from Winter Storm Izzy
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01/14Take steps today to prepare for expected high winds, freezing rain and snow from Winter..
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01/14Southern Company Keeps Quarterly Dividend Steady at $0.66 a Share, Payable March 7 to S..
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Analyst Recommendations on SOUTHERN COMPANY
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Financials (USD)
Sales 2021 21 959 M - -
Net income 2021 3 132 M - -
Net Debt 2021 51 608 M - -
P/E ratio 2021 23,9x
Yield 2021 3,85%
Capitalization 72 098 M 72 098 M -
EV / Sales 2021 5,63x
EV / Sales 2022 5,53x
Nbr of Employees 27 839
Free-Float -
Chart SOUTHERN COMPANY
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Technical analysis trends SOUTHERN COMPANY
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 68,03 $
Average target price 69,18 $
Spread / Average Target 1,69%
EPS Revisions
Managers and Directors
Thomas A. Fanning Chairman, President & Chief Executive Officer
Daniel S. Tucker Chief Financial Officer & Executive Vice President
Martin Bernard Davis Chief Information Officer
Mark Berry Head-Research & Development
Stanley W. Connally Executive Vice President-Operations
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