American Electric Power Company, Inc. has been given a Sell rating by UBS due to concerns about its performance in the electricity sector.
The company is a major player in the US electricity market, generating most of its revenue from power generation, transmission, and distribution. These activities accounted for 97.6% of its net sales. American Electric Power has a production capacity of 28,500 megawatts as of the end of 2023.
However, the recent downgrade by UBS suggests potential challenges for the company. It also earns a small portion of its revenue, 2.4%, from other activities. Investors will be closely watching how this rating affects American Electric Power's stock performance and market standing.