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American Electric Power ( (AEP) ) has provided an update.
On January 4, 2026, an unregulated subsidiary of AEP signed an unconditional agreement to purchase a substantial portion of its option for solid oxide fuel cells for approximately $2.65 billion to develop and build a fuel cell generation facility near Cheyenne, Wyoming, following an initial 100 MW purchase agreement executed in November 2024. The subsidiary also entered into a 20-year offtake arrangement with a high investment-grade customer for 100% of the facility’s output, subject to conditions AEP expects to satisfy by the second quarter of 2026, with contractual protections providing that AEP will be compensated for all capital and costs incurred if those conditions are not met, underscoring the company’s move into large-scale fuel cell generation while managing financial risk for shareholders and stakeholders.
The most recent analyst rating on (AEP) stock is a Hold with a $127.00 price target. To see the full list of analyst forecasts on American Electric Power stock, see the AEP Stock Forecast page.
Spark’s Take on AEP Stock
According to Spark, TipRanks’ AI Analyst, AEP is a Neutral.
American Electric Power’s overall score is driven by strong earnings call sentiment and solid financial performance. However, technical indicators suggest bearish momentum, and valuation metrics are moderate. The company’s strategic growth plans and positive regulatory environment are significant strengths.
To see Spark’s full report on AEP stock, click here.
More about American Electric Power
American Electric Power (AEP) is a major U.S. electric utility company that develops and operates power generation facilities, with growing involvement in advanced generation technologies such as solid oxide fuel cells to serve large commercial and industrial customers.
Average Trading Volume: 3,446,174
Technical Sentiment Signal: Buy
Current Market Cap: $61.44B
See more insights into AEP stock on TipRanks’ Stock Analysis page.