American Electric Power Company (AEP) predicts a robust 8.6% annual increase in electric sales over the next three years. Throughout the past year, AEP shareholders have benefitted from a strong 30% return. This performance, combined with the company's elite sustainability recognition, has further solidified AEP's position in the market. Recently, AEP announced the departure of a board member and has reported Q4 Earnings with an EPS of $1.25 billion.
A diverse range of investments, including KKR and PSP's minority stake acquisition in two AEP transmission companies and the $2.8B investment from KKR and PSP for transmission assets, demonstrate healthy interest in the company. In addition to strong earnings, AEP also reported disappointment in full-year 2024 revenue. However, AEP's envisioning of leveraging fuel cell technology to power data center growth is a promising development. The risk associated with AEP's use of debt is also a concern for some investors. Multiple upgrades and adjustments to AEP's price target suggest a mostly bullish attitude towards the stock.
American Electric Power Company AEP News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Thu, 20 Feb 2025 12:55:32 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor -5
