Southern Company's Growth Driven by Rising Data Center Power Demand
The Southern Company (SO) reported strong first-quarter results driven largely by increased demand from data centers, with adjusted earnings rising to $1.32 per share and operating revenue up 8% year-over-year. The company noted a significant increase in power consumption for large-load projects, including contracts with major tech firms like Google, Meta, Microsoft, and Compass Datacenters.
Tickers: $GOOGL $META $MSFT $SO
Topics: capital spending data centers electricity demand reliability shock