AEP Stock Movement Summary American Electric Power (AEP) initially rallied 7.6% following positive earnings results and strategic announcements. In 2025, the company reported sales of $21.35 billion and net income of $3.58 billion, beating fourth-quarter expectations. AEP announced a $72 billion multi-year capital plan and doubled its contracted large-load pipeline to 56 GW, driven by 28 GW in additional growth since October, with 80% attributed to large technology companies developing hyperscale data centers. The company received PJM Interconnection approval for a major transmission project in central Ohio involving 300 miles of new 765-kilovolt lines. Multiple analysts issued upgrades and price target increases: Wolfe Research upgraded to Outperform with a $142 target, Barclays set a $128 target, and Wells Fargo raised its target to $141. The subsequent retreat reflects a broader utilities sector selloff despite these positive developments.
Read full analysisAEP Stock Movement Summary American Electric Power (AEP) initially rallied 7.6% following positive earnings results and strategic announcements. In 2025, the company reported sales of $21.35 billion and net income of $3.58 billion, beating fourth-quarter expectations. AEP announced a $72 billion multi-year capital plan and doubled its contracted large-load pipeline to 56 GW, driven by 28 GW in additional growth since October, with 80% attributed to large technology companies developing hyperscale data centers. The company received PJM Interconnection approval for a major transmission project in central Ohio involving 300 miles of new 765-kilovolt lines. Multiple analysts issued upgrades and price target increases: Wolfe Research upgraded to Outperform with a $142 target, Barclays set a $128 target, and Wells Fargo raised its target to $141. The subsequent retreat reflects a broader utilities sector selloff despite these positive developments.
American Electric Power is one of the largest electric utilities in the United States, serving approximately 5.6 million customers across 11 states through regulated transmission and distribution operations. The company recently doubled its contracted large-load pipeline to 56 GW — nearly 90% from data centers — and announced a $72 billion five-year capital plan, positioning it as a primary beneficiary of AI-driven electricity demand. Today's decline reflects a broad utilities sector rotation rather than any reversal of that growth story.