{ }
Symbol AEP
Name American Electric Power Company, Inc.
Currency USD
Sector Utilities
IndustryGroup Utilities
Industry Electric Utilities
Market NASDAQ Global Select
Country United States
State OH
City Columbus
Zipcode 43215-2373
Website http://www.aep.com
JPMorgan Chase & Co. raised its price target for American Electric Power from $108 to $112, maintaining an "overweight" rating. The stock has a consensus "Hold" rating with a target price of $97.93, while institutional investors own 75.24% of shares. AEP recently increased its quarterly dividend to $0.93 per share, reflecting a 3.73% yield.
UBS has raised its price target for Bloom Energy from $21 to $33, maintaining a Buy rating following a landmark supply agreement with American Electric Power (AEP) for up to 1 gigawatt of fuel cells. This deal, the largest of its kind, positions Bloom Energy favorably amid rising electricity demand driven by data centers. Despite recent revenue shortfalls, analysts remain optimistic about the company's growth trajectory, with several firms increasing their price targets.
UBS has raised its price target for Bloom Energy from $21 to $33, maintaining a Buy rating. This follows Bloom's announcement of a supply agreement with American Electric Power for up to 1 gigawatt of fuel cells, marking the largest commercial procurement of its kind globally. The initial order includes 100 megawatts, with further expansions anticipated in 2025, positioning Bloom favorably amid rising demand for electricity in data centers and AI applications.
American Electric Power Co. is set to utilize Bloom Energy Corp. fuel cells to meet the growing power demands of data centers. The agreement allows for the deployment of up to 1 gigawatt of fuel cells, which generate electricity through an electrochemical process, offering a quicker alternative to traditional grid upgrades. This solution is particularly beneficial for artificial intelligence data centers that require substantial energy, comparable to that of entire towns.
American Electric Power Co. is adjusting its energy and economic development strategies under new CEO Bill Fehrman, responding to state regulators' preferences. This shift may impact the company's 2045 net-zero carbon target, as Fehrman noted the challenges of promoting a transition away from coal and natural gas in predominantly red states.
American Electric Power Company, Inc. stands as a major player in the U.S. electricity sector, primarily engaged in power generation, transmission, and distribution, which accounts for 97.6% of its operations. By the end of 2023, the company is projected to possess nearly 28,500 MW of generating capacity, with a small fraction of its activities falling under other categories.
American Electric Power Company, Inc. has received a Sell rating from UBS. The company is a major player in the U.S. electricity sector, with net sales primarily from power generation, transmission, and distribution, accounting for 97.6% of its activities, and a production capacity of 28,500 MW as of the end of 2023.
Big data centers in Ohio will be required to pay at least 85% of their energy needs to support grid improvements, following a settlement involving American Electric Power Co. and various stakeholders, including the state’s Public Utilities Commission and Walmart. This agreement aims to address the costs associated with enhancing the energy infrastructure.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.