
AEP Stock Forecast & Price Target
AEP Analyst Ratings
Bulls say
American Electric Power is well-placed with its diverse generation mix, strong customer base, and significant investment in infrastructure and technology. With a robust demand outlook, led by data centers, and a significant increase in capital expenditures, AEP is poised for strong growth in the coming years. The company's focus on expanding its transmission and distribution network, as well as its investments in clean energy sources, make it a leader in the industry and a solid long-term investment.
Bears say
American Electric Power is facing potential delays in their growth plan as their $72B capex plan for 2026-2030 may need to increase by 10% to accommodate rising load growth. While they have strong regulatory relationships in their rural territories, approvals for large load tariffs in four jurisdictions and pending approvals in four more, recent successes in increasing ROE in WV and KY are not as promising. The potential for DC load growth in IN, OH, and TX could still provide some upside, but AEP's updated 2029 load forecast for OH should be closely monitored in relation to PJM's Reliability Backstop Procurement.
This aggregate rating is based on analysts' research of American Electric Power Company and is not a guaranteed prediction by Public.com or investment advice.
AEP Analyst Forecast & Price Prediction
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