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Southern Company Stock Trades Weakly on Vogtle Worries

Vincent Kruger
Southern Company Stock Trades Weakly on Vogtle Worries

Since Southern Company (SO) reported its second-quarter earnings on August 8, its stock has lost more than 10.0%. Although Southern Company reported higher earnings in the second quarter, another project cost increase of $1.1 billion for Plant Vogtle pulled the stock lower. Southern Company’s (SO) nuclear power plant Plant Vogtle, which is under construction, has faced several cost overruns and delays in the last few years.