American Electric Power

Goldman Sachs expects US data center power needs to surge, positioning American Electric Power to capture large-load customers via its extensive transmission network. AEP has 69 GW of contracted load additions through 2030 and plans a five-year $78 billion capital spending program to meet demand. Management raised 2026 operating earnings guidance and expects operating earnings to grow more than 9% annually through 2030 while the stock yields about 3%. » More on finance.yahoo.com

American Electric Power has been granted a loan facility of up to $3.26 billion by the U.S. Department of Energy to expand transmission infrastructure in Texas. The federal funds are to finance nearly 100 projects, including reconductoring of aging lines and about 2,800 miles of new transmission lines. The DOE expects a doubling of transmission capacity, fewer power outages and the ability to connect new power plants. AEP projects customer savings of roughly $685 million over 30 years. » More on de.investing.com

The stock of American Electric Power rose to a new all-time high of $139.51 and posted a one-year total return of 34.67%. The company has paid a dividend for 56 years and currently offers a yield of 2.79%. At the same time, a $2.6 billion share issuance at $127.00 per share was announced, accompanied by forward sale agreements and lead syndicate banks. Analysts' commentary currently sees the stock as overvalued, while Jefferies cut its price target to $147 but left the rating at Buy. » More on de.investing.com