AEP Stock Rides on Investments Despite High Interest Rates
American Electric Power(AEP) ZACKS·2024-08-29 23:51
American Electric Power Company, Inc. (AEP) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.However, this Zacks Rank #3 (Hold) company faces risks like rising interest rates and an unfavorable financial position, which act as a headwind.AEP’s Tailwinds American Electric has a capital investment plan of $43 bill ...