12 Best Renewable Energy Stocks to Buy in 2025

7. The Southern Company (NYSE:SO)

No. of Hedge Fund Holders: 53

The Southern Company (NYSE:SO) is a wholesale energy provider that serves over 9 million customers in almost 15 states in the U.S. The company has notable investments in renewable energy and plans to have more than 20,000 MW of renewable and storage resources by 2030. The company’s electric subsidiary, Georgia Power, serves almost 2.7 million consumers and expects to procure an additional 4,000 MW of renewable energy and 1,000 MW of battery resources by 2035.

On April 8, Jeremy Tonet from JPMorgan upgraded the rating on SO shares from Underweight to Neutral and increased the price target from $91 to $94. The analyst mentioned key aspects of The Southern Company’s growth, including an attractive regulatory environment and robust economic strength for its service territories. Mizuho analyst Anthony Crowdell also maintained a Neutral stance on SO with a recent price target increase from $85 to $90. This upgrade follows the company’s plan of $62.8 billion in capital investment from 2025 to 2029, which is expected to boost rate-based growth.