American Electric Power 株価情報 (NASDAQ: AEP)

最新ニュース American Electric Power (NASDAQ:AEP) 株価情報

American Electric Power

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

American Electric Power Company, Inc. - Common Stock

American Electric Power Co Inc

AI ENERGY PUB CO LTD by AI ENERGY PUB CO LTD.

ANGLO ESTRN PLNTION ORD by Anglo Eastern Plantation plc

Anglo-Eastern Plantations PLC

AMERICAN ENGY PARTNERS by American Energy Partners, Inc.

American Environmental Partners Inc

BofA Securities analyst Ross Fowler upgraded the shares of American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) from Underperform to Buy and <a target="_blank" href="https://www.benzinga.com/quote/AEP/analyst-ratings" rel="noreferrer noopener">raised the price target from $98 to $104.</a>
The analyst upgraded the stock after the company announced the sale of a 19.9% minority stake in its transmission holding assets for $2.8 billion, along with the appointment of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n42844381/aep-names-seasoned-energy-executive-trevor-mihalik-executive-vice-president-chief-financial-office" rel="noreferrer noopener">Trevor Mihalik as CFO</a>.
The analyst sees the asset sale as a strategic move to meet external equity needs and expect AEP to continue addressing the equity overhang in the short term.
The analyst forecasts a more manageable $2 billion in equity issuance for the second half of 2025, with only the internal dividend reinvestment plan (~$100 million annually) needed to achieve 6% &#8211; 8% EPS growth.
The company&#8217;s progress toward strengthening its balance sheet and potential for EPS growth in future years make AEP an attractive investment opportunity, said the analyst.
Last week, AEP announced an agreement with KKR and PSP Investments, under which AEP will sell a 19.9% minority stake in its I&amp;M and Ohio <a target="_blank" href="https://www.benzinga.com/25/01/42910243/kkr-and-psp-secure-199-stake-in-american-electric-for-282b" rel="noreferrer noopener">transmission businesses for $2.82 billion</a>.
The analyst expects the proceeds to be primarily used to reduce debt in the short term, and the analyst lowered the equity needs forecast to $2 billion in the form of external issuance.
This leaves just $100 million of internal dividend reinvestment plans to meet equity requirements through the 2029 forecast period, noted the analyst.
Following the transaction, the analyst has revised the EPS outlook to $5.83 for 2025, $6.26 for 2026, $6.80 for 2027, and $7.33 for 2028.
This aligns with AEP&#8217;s guidance for an average EPS accretion of $0.11 &#8211; $0.12, with the most significant accretion occurring in 2027-2029.
The analyst values AEP using a sum-of-the-parts approach, leading to a slight discount compared to the industry average 2026 P/E multiple, based on 2026 EPS estimate of $6.26.
Price Action: AEP shares are trading higher by 1.20% at $94.63 on the last check Monday.
Photo by Ground Picture on Shutterstock.

Analyst Color

Equities

News

Upgrades

Price Target

Analyst Ratings

Trading Ideas

General

American Electric Power Is Attractive Going Forward, Analyst Double-Upgrades Stock

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham analyst Bernie McTernan upgraded the rating for Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) from Hold to Buy and announced a $56 price target. Maplebear shares closed at $44.23 on Friday. <a href="https://www.benzinga.com/quote/CART/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst John Colantuoni upgraded Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) from Underperform to Hold and raised the price target from $45 to $55. Etsy shares closed at $52.57 on Friday. <a href="https://www.benzinga.com/quote/ETSY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst David Raso upgraded the rating for Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) from Underperform to In-Line and announced a $365 price target. Caterpillar shares closed at $351.00 on Friday. <a href="https://www.benzinga.com/quote/CAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Simeon Gutman upgraded RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) from Equal-Weight to Overweight and increased the price target from $435 to $530. RH shares closed at $413.95 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Julien Dumoulin-Smith upgraded the rating for American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) from Underperform to Buy and raised the price target from $98 to $104. American Electric Power shares closed at $93.51 on Friday. <a href="https://www.benzinga.com/quote/AEP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CAT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="561" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13091842/image-75-1024x561.png" alt="" class="wp-image-730589" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13091842/image-75-1024x561.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13091842/image-75-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13091842/image-75-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13091842/image-75.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

Markets

CART

ETSY

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B of A Securities analyst Julien Dumoulin-Smith upgrades American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) from Underperform to Buy and raises the price target from $98 to $104.

B of A Securities Upgrades American Electric Power to Buy, Raises Price Target to $104

BMO Capital analyst James Thalacker maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Outperform and lowers the price target from $108 to $100.

BMO Capital Maintains Outperform on American Electric Power, Lowers Price Target to $100

American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) shares are trading higher in premarket Friday.
The company announced that a 50/50 strategic partnership between KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and PSP Investments has agreed to acquire&nbsp;19.9%&nbsp;non-controlling equity interest in its Ohio&nbsp;and&nbsp;Indiana&nbsp;&amp; Michigan Transmission Companies <a target="_blank" href="https://www.benzinga.com//node/42901587" rel="noreferrer noopener">(Transcos)&nbsp;for&nbsp;$2.82 billion.</a>
The deal is expected to boost AEP&#8217;s ability to finance its $54 billion capital investment plan over the next five years.
The partnership will also allow AEP to improve the reliability of its transmission infrastructure and strengthen its balance sheet, to meet growing customer demand in the Midwest.
The stake acquired represents roughly 5% of AEP&#8217;s overall transmission rate base. The capital raised through this transaction will fund key projects across transmission, distribution, and generation, helping AEP manage its equity financing requirements through 2029.
&#8220;Executing on our five-year capital plan is critical to meeting growing energy demand and bolstering reliability for our customers. Electricity demand is anticipated to grow significantly in AEP&#8217;s footprint by the end of the decade,&#8221; said&nbsp;Bill Fehrman,&#8221; said AEP President and CEO Bill Fehrman.
&#8220;KKR and PSP Investments are experienced investors in the utilities and energy space with a proven track record of successful infrastructure investments.&#8221;
The transaction is expected to be completed in the second half of 2025 and is said to immediately benefit AEP&#8217;s earnings.
The agreement requires approval from FERC and clearance from the Committee on Foreign Investment in&nbsp;the U.S.
Price Action: AEP shares are trading higher by 0.81% at $93.01 in premarket at the last check Friday.
Photo via Shutterstock.

Asset Sales

Movers

American Electric Power Sells 19.9% Stake In Two Transmission Assets For $2.82B: Details

Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board ("PSP Investments"), one of Canada's largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power's ("AEP") Ohio and Indiana &amp; Michigan transmission companies for $2.82 billion. Founded in 1906 and one of the largest electric utilities in the U.S., AEP has pioneered the country's energy system through the delivery of safe, reliable and affordable energy for millions of homes. The investment will support AEP's ability to meet increasing customer demand and enhance grid reliability. KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition.

Reported Earlier, KKR and PSP Investments Acquire 19.9% Stake in AEP's Transmission Companies for $2.82B

Management

American Electric Power Appoints Trevor Mihalik As Executive VP & CFO, Effective Jan. 20; Mihalik To Succeed Chuck Zebula, Who Retires In March After Serving As Senior Advisor To The CEO

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>)</h3>
<ul>
<li>On Nov. 20, National Grid named Steve Smith as Chief Strategy and Regulation Officer. &#8220;It&#8217;s a privilege to be appointed to this role at the most exciting time for the energy sector in decades,&#8221; said Steve Smith &#8220;The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis.&#8221; The company's stock fell around 6% over the past month and has a <a href="https://www.benzinga.com/quote/NGG">52-week low of $55.13</a>.</li>
<li>RSI Value: 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NGG Price Action: Shares of National Grid fell 0.3% to close at $58.86 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">latest NGG news</a>. </li>
</ul>
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<h3 class="wp-block-heading">American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 12, JP Morgan analyst Jeremy Tonet downgraded American Electric Power from Overweight to Neutral and lowered the price target from $109 to $102. The company's stock fell around 7% over the past month and <a href="https://www.benzinga.com/quote/AEP">has a 52-week low</a> of $75.22.</li>
<li>RSI Value: 29</li>
<li>AEP Price Action: Shares of American Electric Power fell 0.5% to close at $92.37 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">AEP stock</a>. </li>
</ul>
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NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)
<ul>
<li>On Dec. 12, Scotiabank analyst Andrew Weisel maintained NextEra Energy with a Sector Outperform and raised the price target from $92 to $96. The company's stock fell around 6% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/NEE">low of $53.95</a>.</li>
<li>RSI Value: 27</li>
<li>NEE Price Action: Shares of NextEra Energy gained 0.6% to close at $72.91 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">breakout in NEE shares</a>. </li>
</ul>
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Long Ideas

Top 3 Utilities Stocks You'll Regret Missing In December

Scotiabank analyst Andrew Weisel downgrades American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) from Sector Outperform to Sector Perform and lowers the price target from $105 to $102.

Downgrades

Scotiabank Downgrades American Electric Power to Sector Perform, Lowers Price Target to $102

JP Morgan analyst Jeremy Tonet downgrades American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) from Overweight to Neutral and lowers the price target from $109 to $102.

JP Morgan Downgrades American Electric Power to Neutral, Lowers Price Target to $102

BMO Capital analyst James Thalacker maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Outperform and raises the price target from $104 to $108.

BMO Capital Maintains Outperform on American Electric Power, Raises Price Target to $108

Barclays analyst Nicholas Campanella maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Equal-Weight and lowers the price target from $100 to $99.

Barclays Maintains Equal-Weight on American Electric Power, Lowers Price Target to $99

Morgan Stanley analyst Stephen Byrd maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Overweight and lowers the price target from $109 to $104.

Morgan Stanley Maintains Overweight on American Electric Power, Lowers Price Target to $104

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 300 points on Friday.
The Dow traded down 0.78% to 43,410.32 while the NASDAQ fell 2.50% to 18,630.37. The S&amp;P 500 also fell, dropping, 1.51% to 5,859.61.
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Leading and Lagging Sectors Utilities shares rose by 1% on Friday.
In trading on Friday, information technology shares fell by 2.7%.
Top Headline
The total number of active U.S. oil rigs fell by one to 478 rigs this week, Baker Hughes Inc reported.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>The Arena Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AREN#NYSE">AREN</a>) shares shot up 181% to $1.63 after it announced its first ever profitable quarter.</li>
<li>Shares of Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) got a boost, surging 55% to $20.59 after the energy company became the latest to announce a major deal to power AI data centers. Bloom Energy announced Thursday evening that it has signed a supply agreement with American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date.&nbsp;</li>
<li>Simpple Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares were also up, gaining 46% to $1.29 after the company announced a $400,000 contract to supply autonomous cleaning robots at Singapore&#8217;s International Airport Terminal.</li>
</ul>
Equities Trading DOWN
<ul>
<li>TFF Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFFP#NASDAQ">TFFP</a>) shares dropped 77% to $0.37 after the company announced it will wind down its operations.</li>
<li>Shares of Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) were down 70% to $0.10 after the company announced that its CHAPERONE trial is not meeting its primary endpoint, prompting the discontinuation of the study and a review of the full data set to evaluate next steps for the program.</li>
<li>Ryvyl Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) was down, falling 26% to $1.26 after the company reported worse-than-expected third-quarter financial results and cut its FY24 sales guidance.</li>
</ul>
Commodities In commodity news, oil traded down 2.2% to $67.20 while gold traded down 0.1% at $2,572.20.
Silver traded down 0.5% to $30.425 on Friday, while copper fell 0.5% to $4.0690.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.77%, Germany's DAX fell 0.27% and France's CAC 40 fell 0.58%. Spain's IBEX 35 Index gained 0.97%, while London's FTSE 100 fell 0.09%.
The annual inflation rate in Italy increased to 0.9% in October versus 0.7% in the prior month, while France&#8217;s annual inflation rate rose to 1.2% in October. The GDP in the UK grew by 1% year-over-year during the third quarter.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 gaining 0.28%, Hong Kong's Hang Seng Index falling 0.05% and China's Shanghai Composite Index dipping 1.45%.
Hong Kong's economy expanded by 1.8% year-over-year in the third quarter compared to a 3.2% increase in the previous period. China&#8217;s retail sales rose by 4.8% year-over-year in October, while industrial production rose by 5.3% year-over-year in October.
Economics
<ul>
<li>The NY Empire State Manufacturing Index surged to 31.2 in November versus -11.9 in the previous month and topping market estimates of -0.7.</li>
<li>U.S. export prices increased by 0.8% in October, while import prices rose by 0.3% month-over-month in October.</li>
<li>U.S. retail sales rose 0.4% month-over-month in October compared to a revised 0.8% increase in September, and toping market estimates of 0.3%.</li>
<li>U.S. industrial production declined by 0.3% in October compared to a revised 0.5% declined in September.</li>
<li>The total number of active U.S. oil rigs fell by one to 478 rigs this week, Baker Hughes Inc reported.</li>
<li>U.S. business inventories rose 0.1% month-over-month in September compared to a 0.3% gain in August and versus market estimates of 0.2%.</li>
</ul>
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Earnings

Eurozone

Commodities

Intraday Update

AREN

EYEN

RVYL

SPPL

TFFP

Crude Oil Dips Over 2%; Bloom Energy Shares Spike Higher

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Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>): Shares of vaccine stocks are down after President-elect Donald Trump pointed to Robert Kennedy Jr. as potentially the next Health and Human Services secretary. Trump has said <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">he would let</a> Kennedy "go wild on health" and could &#8220;do pretty much what he wants&#8221; in his administration, while Kennedy has a record of spreading falsehoods about vaccines, according to The New York Times.
Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>): Applied Materials shares are trading lower Friday following the company's fourth-quarter <a href="https://www.benzinga.com/news/earnings/24/11/41991276/applied-materials-shares-slip-despite-better-than-expected-q4-results">earnings release</a> after Thursday's closing bell. Multiple analyst firms have lowered price targets on the stock. 
Bloom Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>): Bloom Energy shares are charging higher after the energy company <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42011327/why-bloom-energy-could-reach-revenues-of-18b-next-year-says-bullish-analyst">became the latest </a>to announce a major deal to power AI data centers. Bloom Energy announced Thursday evening that it has signed a supply agreement with American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date.  
Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): Palantir shares are trading at record highs Friday after the company said <a href="https://www.benzinga.com/24/11/42010539/whats-going-on-with-palantir-technologies-stock-today">it will transfer</a> its stock listing to the Nasdaq Global Select Market from the New York Stock Exchange. Palantir will begin trading as a Nasdaq-listed company on Nov. 26.
FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>): FuelCell Energy shares are slipping Friday after<a href="https://www.benzinga.com/news/guidance/24/11/42011849/restructure-and-recharge-fuelcell-cuts-workforce-plans-to-reduce-operating-costs-by-15-in-2025"> the company said </a>it will slash its workforce by 17% and reduce spending across product development, overhead and other expenses. FuelCell Energy said it needs to reduce costs and focus on core technologies due to slower-than-anticipated clean energy investments.
Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>:
<ul>
<li>Pfizer shares are down 4.59% at $24.83</li>
<li>Applied Materials shares are down 8.22% at $170.66</li>
<li>Bloom Energy shares are up 45.1% at $19.27</li>
<li>Palantir shares are up 7.54% at $63.65</li>
<li>FuelCell Energy shares are down 11.1% at $6.23 at last check on Friday. </li>
</ul>
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Image: Moondance from Pixabay

AMAT

FCEL

PLTR

Friday's Top 5 Trending Stocks: What's The Scoop On Palantir, Bloom Energy, Pfizer?

Bloom Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) announced a 1 GW fuel cell supply deal with American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>), which sent its <a href="https://www.benzinga.com/quote/be">stock soaring in early trading on Friday</a>.
The deal is "proof of concept" that the company's product can power large-scale data centers, according to Piper Sandler.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2043eaaa0001698f48/kashy-harrison">Analyst Kashy Harrison</a> upgraded the rating from Neutral to Overweight while raising the price target from $10 to $20.
The Bloom Energy Thesis: The latest order could "open the door to future arrangements with other utilities," Harrison said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Due to previous failures, markets had been skeptical about Bloom Energy's ability to deliver power to large data centers, the analyst stated. The order from AEP "is literally 10x what we were expecting," he added.
"Due to AEP order, the 80 MW SK Eternix order, the minimum 125 MW SK Ecoplant commitment, and continued momentum with other domestic customers, we see a path to $1.8B of revenues next year," Harrison further wrote.
BE Price Action: Shares of Bloom Energy Industries had risen by 49.21% to $19.83 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/24/11/41853996/sony-posts-upbeat-earnings-joins-tesla-upstart-doximity-fortrea-axon-enterprise-and-other-big-stocks-moving-higher-on-friday">Sony Posts Upbeat Earnings, Joins Tesla, Upstart, Doximity, Fortrea, Axon Enterprise And Other Big Stocks Moving Higher On Friday</a>
Photo: Courtesy Bloom Energy

Earnings Beats

Reiteration

Why Bloom Energy Could Reach Revenues Of $1.8B Next Year, Says Bullish Analyst

This customer-focused effort is the largest utility fuel cell initiative in the country
COLUMBUS, Ohio, Nov. 14, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt (GW) of Bloom Energy solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommodate demand. This is the largest utility fuel cell technology initiative in the nation.
AEP expects commercial load to grow an average of 20% annually over the next three years, driven by data center development. The company is in the process of finalizing the first customer project agreements. Discussions are taking place with several other customers about using this technology to provide additional power to their sites while AEP makes the needed grid investments for the long term. All costs for the fuel cell projects will be covered by the large customers under a special contract.

Contracts

AEP Leveraging Fuel Cell Technology To Power Data Center Growth; AEP Has An Agreement In Place To Secure Up To 1 Gigawatt Of Bloom Energy Solid Oxide Fuel Cells For Data Centers And Other Large Energy Users Who Need To Quickly Power Their Operations While The Grid Is Built Out To Accommodate Demand; In The Process Of Finalizing The First Customer Project Agreements Where All Costs Will Be Covered By The Large Customers Under A Special Contract

BMO Capital analyst James Thalacker maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Outperform and lowers the price target from $111 to $104.

BMO Capital Maintains Outperform on American Electric Power, Lowers Price Target to $104

UBS analyst William Appicelli maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Sell and raises the price target from $91 to $95.

UBS Maintains Sell on American Electric Power, Raises Price Target to $95

Wells Fargo analyst Neil Kalton maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Equal-Weight and lowers the price target from $104 to $102.

Wells Fargo Maintains Equal-Weight on American Electric Power, Lowers Price Target to $102

BofA upgraded American Electric (AEP) to Buy from Underperform with a $104 price target Published first on TheFly – the ultimate source for real-ti...

American Electric upgraded to Buy from Underperform at BofA

Edison International: The Market May Be Overestimating The Risk From The LA Fires

American Electric Power raised to Buy at BofA as accretive asset sale leaves manageable equity

Barclays lowered the firm's price target on American Electric (AEP) to $95 from $99 and keeps an Equal Weight rating on the shares as part of a Q4 ...

American Electric price target lowered to $95 from $99 at Barclays

RBC Capital analyst Shelby Tucker maintained a Buy rating on American Electric Power (AEP – Research Report) on January 13 and set a price target o...

RBC Capital Sticks to Its Buy Rating for American Electric Power (AEP)

American Electric (AEP) Power said it received conditional commitment from the Department of Energy's Loan Program Office to support the company's ...

American Electric receives DOE loan commitment for transmission lines

American Electric receives DOJ loan commitment for transmission lines

The utilities industry is well-poised for significant growth and expansion, driven by ever-surging demand, evolving technologies, and a shift from traditional fuel sources. Therefore, it could be wise to consider investing in quality electric utility stocks Duke Energy (DUK), Consolidated Edison (ED), and American Electric Power (AEP) with consistent dividends. Continue Reading... The utilities sector's growth prospects appear appealing with the growing and evolving consumer demand, strong economic developments, and technological advancements.
Given the industry's resilient outlook, it could be wise to invest in fundamentally sound utility stocks Duke Energy Corporation (<a href="https://stocknews.com/stock/DUK/">DUK</a>), Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>), and American Electric Power Company, Inc. (<a href="https://stocknews.com/stock/AEP/">AEP</a>) for potential gains.
Driven by worldwide population growth, urbanization, and the adoption of efficient technologies like EVs, Artificial Intelligence (AI), and data centers, the global electricity demand is on a rapid surge. Further, the global push towards decarbonization and green revolution significantly contributes to the market dynamics.
The residential sector is leading the highest consumption of electricity in the United States. Power demand in the US is expected to hit record highs in the forthcoming period. <a href="https://www.reuters.com/business/energy/us-power-use-reach-record-highs-2024-2025-eia-forecast-says-2024-12-10/">U.S. Energy Information Administration (EIA)</a> projects power demand to surge to 4,165 billion kWh in 2025, which was around 4,086 billion kWh in 2024.
With such a rapid increase in electricity demand, the utilities market is poised to expand exponentially going forward. The global utilities market is expected to reach around $9.21 trillion by 2029, exhibiting growth at a <a href="https://www.thebusinessresearchcompany.com/report/utilities-global-market-report">CAGR of 6%</a>. The market growth over the coming years is attributable to faster economic growth, changing trends toward renewable energy, and increasing population.
Thus, investors could lean towards sound utility stocks offering consistent dividend payouts to benefit from the blossoming utility industry. Investors will have the advantage of regular income along with a high potential for capital appreciation over the years.
Given the promising prospects of the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, let's look at the fundamentals, starting with the third stock.
Stock #3: Duke Energy Corporation (<a href="https://stocknews.com/stock/DUK/">DUK</a>)
DUK, together with its subsidiaries, operates as an energy company. It operates in the Electric Utilities and Infrastructure (EU&amp;I) and Gas Utilities and Infrastructure (GU&amp;I) segments. The company generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
DUK's annual dividend payout of $4.18 translates to a yield of 3.86% at the current share price. Its four-year average dividend yield is 3.99%. Moreover, the company's dividends have increased at a CAGR of 2% over the past three years. DUK has raised its dividends for 13 consecutive years.
On November 21, DUK launched the Duke Energy + Electrada Fleet Mobility Microgrid in Mount Holly, a first-of-its-kind electrification center for commercial and public electric fleet vehicles. This first-of-its-kind project in the U.S. aims to offer a zero-emission, carbon-free microgrid option for fleet charging.
During the third quarter that ended September 30, 2024, DUK reported total operating revenues of $8.15 billion, representing growth of 2% year-over-year. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 1.6% year-over-year to $2.14 billion. Also, net income available to DUK common shareholders stood at $1.23 billion and $1.60 per share, up 1.1% and 0.6% year-over-year, respectively.
For the fourth quarter (ended December 2024), analysts expect DUK's revenue to grow 1.3% year-over-year to $7.30 billion. For the same quarter, the company's EPS is expected to increase 9.9% year-over-year to $1.66. Furthermore, DUK has surpassed the consensus revenue estimate in each of the trailing four quarters.
DUK's stock has gained 7.5% over the past six months and 8.9% over the past year to close the last trading session at $108.23.
DUK's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Stability. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, DUK is ranked #21 of 58 stocks.
<a href="https://stocknews.com/stock/DUK/">Click here</a> to access additional ratings of DUK for Value, Momentum, Growth, Sentiment, and Quality.
Stock #2: Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>)
ED engages in the regulated electric, gas, and steam delivery businesses. The company provides electric services to approximately 3.7 million customers in New York City and Westchester County, gas to around 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County, and steam to approximately 1,530 customers in parts of Manhattan.
On October 17, ED declared a quarterly dividend of $0.83 a share on its common stock. The dividend payment was made on December 16, 2024, to stockholders of record as of November 13, 2024.
The company pays an annual dividend of $3.32, which translates to a yield of 3.73% at the current share price. Its four-year average dividend yield is 3.64%. Moreover, the company's dividend payouts have increased at a CAGR of 2.3% over the past three years. ED has raised its dividends for 50 consecutive years.
In the third quarter that ended on September 30, 2024, ED's total operating revenues increased 5.7% year-over-year to $4.09 billion. The company's operating income grew 19.4% from the year-ago value to $862 million. Its adjusted earnings came in at $583 million or $1.68 per share, indicating increases of 3.9% and 3.7% from the prior year's quarter, respectively.
Analysts expect ED's revenue and EPS for the second quarter (ending June 2025) to increase 8.7% and 15.3% year-over-year to $3.50 billion and $0.68, respectively. Also, the company has topped the consensus EPS estimate in all four trailing quarters, which is remarkable.
Shares of ED have surged marginally over the past six months to close the last trading session at $89.01.
ED's POWR Ratings reflect its sound fundamentals. The stock is ranked #9 out of 58 stocks within the same industry.
<a href="https://stocknews.com/stock/ED/">Click here</a> to access all the ED ratings.
Stock #1: American Electric Power Company, Inc. (<a href="https://stocknews.com/stock/AEP/">AEP</a>)
AEP is an electric public utility holding company engaged in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company operates in Vertically Integrated Utilities; Transmission and Distribution Utilities; AEP Transmission Holdco; and Generation &amp; Marketing segments.
On December 18, AEP's subsidiary Southwestern Electric Power Co. announced the ongoing development of several new generation projects. These initiatives are designed to enhance SWEPCO's diverse energy portfolio by adding natural gas facilities with wind and solar farms, addressing the growing capacity demands of its customers in a cost-effective manner.
On October 22, AEP's Board of Directors declared a regular quarterly cash dividend of $0.93 per share on its common stock, reflecting an increase of $0.05 per share. The dividend was paid on December 10, 2024, to shareholders of record as of November 8, 2024, and marked AEP's 458th consecutive quarterly common stock cash dividend.
AEP pays a $3.72 annual dividend yielding 4.03% at the current share price. Its four-year average dividend yield is 3.63%. Its dividends have increased at a 6% CAGR over the past three years and a 5.7% CAGR over the past five years.
During the third quarter that ended September 30, 2024, AEP's total revenues increased 1.5% year-over-year to $5.42 billion, and its operating income amounted to $1.35 billion for the same quarter. The company's non-GAAP total operating earnings came in at $985.40 million and $1.85 per share, up 6.7% and 4.5% year-over-year, respectively.
Street expects AEP's EPS and revenue to grow 2.7% and 4.9% year-over-year to $1.26 and $4.87 billion for the fourth quarter (ended December 2024). Moreover, the company has topped the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has gained 5.9% and 9.2% over the past year to close the last trading session at $92.26.
AEP's bright prospects are reflected in its POWR Ratings. AEP has a B grade for Stability and Growth. It is ranked #2 among 58 stocks within the Utilities - Domestic industry.
To see the other ratings of AEP for Value, Quality, Momentum, and Sentiment, <a href="https://stocknews.com/stock/AEP/">click here</a>.
What To Do Next?
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<hr />
DUK shares were trading at $108.23 per share on Thursday afternoon, up $1.42 (+1.33%). Year-to-date, DUK has gained 0.45%, versus a 0.58% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/duk-aep-ed-3-electric-utility-stocks-powering-up-consistent-dividends/>3 Electric Utility Stocks Powering Up Consistent Dividends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electric Utility Stocks Powering Up Consistent Dividends

American Electric (AEP) Power said it reached a settlement with the Securities and Exchange Commission, concluding and resolving in its entirety it...

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