Google signs deal with Georgia Power for nuclear uprates to support AI data centers

Google and Georgia Power agreed to upgrade Vogtle and Hatch nuclear plants for AI data center power. Deal adds 96 MW capacity and projects $900 million in customer benefits over unit lifetimes. Agreement requires approval from the Georgia Public Service Commission. Hyperscaler capex is projected to exceed $1.3 trillion in 2027 according to S&P Global.

Southern Company prices $2.375B in convertible notes for refinancing

Southern Company completed a $2.375 billion convertible note offering, upsizing from initial plans to secure favorable financing terms. The proceeds will primarily refinance higher-cost Series 2024A notes and reduce short-term debt, optimizing the company's capital structure.

Southern Company Q2 Results: Net profit rises 33% YoY to $1.2 billion

Southern Company posted Q2 2026 net income of $1.2 billion, up 33% YoY, driven by lower taxes and higher equity investment returns. Adjusted EPS rose to $1.13 from $0.92. Operating revenues were flat at $6.98 billion, but YTD revenues grew 4.2% to $15.4 billion.

Barclays maintains Equal-Weight on Southern, cuts target to $98

Barclays analyst Nicholas Campanella maintains an Equal-Weight rating on Southern (NYSE: SO) and reduces the price target from $99 to $98. The adjustment reflects a modest change in the firm's valuation outlook.