American Electric Power Company (AEP) has initiated a large-scale
1GW fuel cell project with analysts' targeted price of the firm's stock being a key topic. AEP's average rating from brokerages remains at 'Hold'. The firm is also deploying
fuel cell technology in powering data center growth, leading to a strong trading day that saw the business outperform its competitors. AEP is considering more asset sales to back its increased
capex plan while securing up to 1GW of fuel cells for data centers and considerable
energy users. Substantial trades in AEP shares have occurred, with entities like
Zions Bancorporation and Los Angeles Capital Management buying into the firm. AEP also plans to leverage its power in AI data centers and expand its
dividend to $0.93. Q3 earnings have beat estimates while 77% of the shares belonging to
institutional investors. However, AEP's return trends don't seem appealing. The company has made
leadership changes to drive growth. The
PSC has dismissed an 18% rate hike by AEP due to incomplete filing.
American Electric Power Company AEP News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Sat, 16 Nov 2024 12:06:19 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -3
