American Electric Power: Growth Is Happening Even Faster Than Expected

American Electric Power Company (AEP) remains a buy, underpinned by robust Q1 earnings and accelerating AI-driven power demand. AEP raised its capital plan to $78B through 2030, targeting transmission, natural gas generation, and potential $10B in further opportunities. Q1 operating EPS of $1.64 and 10.3% revenue growth outpaced expectations, with strong segment performance and disciplined expense management.