A series of recent updates have importantly impacted the
American Electric Power Company, Inc. (AEP). The company has seen notable
growth, with its stock reaching an
all-time high of $108.55. AEP and
Transource announced plans to invest $1.7 billion in
power grid upgrades, responding to increased demand. Moreover, execution of a deal worth $2.8 billion saw AEP sell a
stake in its transmission companies to a consortium comprising
KKR and PSP Investments. An upswing in demand is propelling AEP's growth, as it invests heavily in
transmission network upgrades in the PJM region.
Jim Cramer has hailed the company as 'well-run and tariff-proof', and AEP expects
electric sales to jump 8.6% annually over the coming 3 years. However, the company's revenues did disappoint in its full year 2024 earnings report. AEP also received recognition as
one of America's most JUST companies for the fifth consecutive year. Lastly, a $19 million settlement with the SEC over its HB6 entanglement was resolved.
American Electric Power Company AEP News Analytics from Mon, 13 May 2024 07:00:00 GMT to Fri, 07 Mar 2025 17:06:04 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -5
