American Electric Power Company, Inc. (NASDAQ:AEP) is included among the 15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts.
American Electric Power Company, Inc. (NASDAQ:AEP) is one of the nation’s largest electricity producers with approximately 29,000 megawatts of diverse generating capacity.
On May 21, Morgan Stanley analyst David Arcaro trimmed the firm’s price target on American Electric Power Company, Inc. (NASDAQ:AEP) from $136 to $129, but maintained an ‘Overweight’ rating on the shares. The revision comes after the analyst firm adjusted its price targets for the Regulated & Diversified Utilities / IPPs group in North America for April.
Morgan Stanley noted that the utilities surged by just 2% during the month, underperforming the 10.4% gains delivered by the overall S&P.
The lowered target comes despite American Electric Power Company, Inc. (NASDAQ:AEP) exceeding expectations in its Q1 2026 report earlier on May 5. The utility signed 7 GW of new large energy project agreements during the quarter, and its incremental load is expected to grow to 63 GW by 2030, with nearly 90% of it coming from data centers.
As a result, AEP raised its five-year capital investment plan by $6 billion to $78 billion, and also increased its expected long-term operating earnings CAGR to greater than 9%.
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