Load Growth To Drive Earnings At American Electric Power
American Electric Power(AEP) Seeking Alpha·2024-10-08 00:13
Steve Lewis Stock/DigitalVision via Getty Images American Electric Power Company (NASDAQ:AEP) is well positioned to outperform the market with a superior blend of growth and value. Incremental power demand in AEP’s markets creates a potentially decades long runway of above normal rate base growth, which portends 6%-7% annual earnings CAGR. Between the growth, dividend and valuation, we believe AEP will significantly outperform the S&P going forward. We shall begin with fundamental analysis discussing it ...