American Electric Power Company, Inc. has seen considerable activity, including various significant investments from firms such as Prosperity Consulting Group, Norden Group, Mirae Asset Global Investments, and several others. Notably, the company remains largely held by institutional owners, constituting 77% of its total ownership. Recently, Bill Fehrman has been named the new CEO. Among strategic changes, AEP has inked a deal to sell its distributed resources business to Basalt Infrastructure. Uplifting news also comes as AEP bagged recognition as one of the best U.S. employers for diversity. The latest earnings reports indicate mixed results, yet they reaffirm the company's earnings guidance for 2024. Despite some hurdles including a lawsuit by GE over turbine design flaws and job reductions via a voluntary severance program, the firm plans to streamline its business and focus on regulated operations for customer benefit. The company has also been named one of America's most JUST companies four years in a row and aims to sell its retail, distributed energy, and solar operations by mid-2024.
American Electric Power Company AEP News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 07 Jul 2024 14:19:30 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor -3
