American Electric Power: Double-Digit Upside Potential With Interest Rate Cuts
American Electric Power(AEP) Seeking Alpha·2024-02-06 16:53
imaginima Overview While the utilities sector as a whole hasn't been too popular lately, I believe that we are in the midst of a great buying opportunity. The utilities sector operates on a consistent basis considering they offer a product and service we all need. However, I believe the price has been suppressed by the rising interest rates. Now that we are on the horizon of anticipated rate cuts this year, I think it is likely we will see a nice price recovery. In the meantime, we have the opportunity to c ...