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SOUTHERN COMPANY

(SO)
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Southern Co. Makes Founding Investment in Elevate Future Fund

07/28/2021 | 11:13am EDT

By Stephen Nakrosis

Energy company Southern Co. Wednesday said it made the founding investment in Elevate Future Fund.

Southern said the fund is a sub-fund of Energy Impact Partners and "aims to create a more diverse founder community and inclusive venture capital ecosystem within the broader energy transition."

Southern Co., which is the founding partner of Energy Impact Partners, said it will work through Elevate to find companies founded or run by diverse talents working to advance the low-carbon economy.

The company said Elevate already invested in several diverse companies focused on energy transition.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

07-28-21 1313ET

Stocks mentioned in the article
ChangeLast1st jan.
SOUTHERN COMPANY -0.31% 63.61 Delayed Quote.3.55%
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Analyst Recommendations on SOUTHERN COMPANY
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Financials (USD)
Sales 2021 22 075 M - -
Net income 2021 3 243 M - -
Net Debt 2021 52 870 M - -
P/E ratio 2021 21,4x
Yield 2021 4,12%
Capitalization 67 352 M 67 352 M -
EV / Sales 2021 5,45x
EV / Sales 2022 5,30x
Nbr of Employees 27 839
Free-Float 99,7%
Chart SOUTHERN COMPANY
Duration : Period :
Southern Company Technical Analysis Chart | SO | US8425871071 | MarketScreener
Technical analysis trends SOUTHERN COMPANY
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 63,61 $
Average target price 67,94 $
Spread / Average Target 6,81%
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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