WallStSmart
SOJE

Southern Company (The) Series 2

NYSE: SOJE · NONE · NONE

$17.22
-1.03% today

Updated 2026-04-29

Market cap
$65.72B
P/E ratio
P/S ratio
EPS (TTM)
$—
Dividend yield
5.94%
52W range
$16 – $19
Volume
0.1M

Southern Company (The) Series 2 (SOJE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$17.22
Consensus
$76.00
+341.35%
2030 Target
DCF
1 analysts:
0 Buy0 Hold1 Sell

Management guidance

No specific CEO revenue guidance found in available data. SOJE is a debt instrument (Junior Subordinated Notes due 2060), not an equity security with traditional revenue projections. Parent company Southern Company reported 7.9% YoY revenue growth in 2025, but forward guidance for 2026-2030 is not disclosed in research materials.

Sources: Management guidance, analyst consensus, sector analysislow confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
Base case (2030)
Bear case (2030)

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$25.3B$26.7B$29.6B$0.0B$0.0B$0.0B$0.0B$0.0B
Revenue growth5.8%10.6%
EPS$0.56$0.58$0.60$0.63$0.65
P/S ratio12.0x12.0x12.0x12.0x12.0x
Implied price$0.00$0.00$0.00$0.00$0.00

Catalysts & risks

Growth catalysts
+ Vogtle Nuclear reactors 3 & 4 potential operational revenue contribution (delayed 6+ years, cost overruns to $30B)
+ Fuel cell truck deployment with GM (DOE-backed hydrogen microgrid initiative)
+ Rate adjustment opportunities post-stay-out period in key jurisdictions
Key risks
- Vogtle project cost overruns and further delays impacting ROI and rate recovery
- Environmental liability from coal ash storage (21M tons at Plant Barry, regulatory scrutiny)
- Limited EPS growth rate due to 3-year stay-out agreement and lack of new rate adjustments in largest jurisdiction
- Premium valuation compression relative to utility peers (KeyBanc Underweight rating)

Methodology

Southern Company (The) Series 2's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 1 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.