Barclays Downgrades American Electric Power (AEP) to Equalweight, 'Valuation Is Extended'
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AEP Completes Sale of New Mexico Solar Assets
February 27, 2024 4:00 PM ESTCOLUMBUS, Ohio, Feb. 27, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP nets approximately $104 million in... More
AEP Reports 2023 Earnings Results
February 26, 2024 4:35 PM ESTYear-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%Company advances strategic initiatives including de-risking the business, controlling costs and investing in a modern and reliable grid to benefit customers
COLUMBUS, Ohio, Feb. 26, 2024 /PRNewswire/ --
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