{"data":{"ticker":"AEP","slug":"american-electric-power","name":"American Electric Power","exchange":"NASDAQ","sector":"Utilities","headquarters":"Columbus, OH","ceo":"William J. Fehrman","employees":17581,"website":"https://www.aep.com","founded":"1906","layers":[{"slug":"utilities-grid","name":"Utilities & Grid"}],"exposure":{"score":32,"tier":"Growing","rationale":"AEP's load growth inflection is explicitly data-center-driven, with customer commitments for roughly 20 gigawatts of incremental demand across Ohio, Texas, and Indiana and the largest transmission network in the country to serve it. The regulated structure keeps AI-linked revenue modest, so the thesis depends on translating load growth into approved grid investment."},"quote":{"price":130.33,"change24hPct":0.09,"change7dPct":0.86,"change30dPct":9,"change1yPct":12.05,"high52w":137.64,"low52w":111.15,"marketCap":70968115200,"peRatio":21.3,"eps":6.12,"volume24h":491852387},"nextEarningsDate":"2026-10-28","summary":"American Electric Power is one of the largest US electric utilities, serving millions of customers across eleven states through subsidiaries such as AEP Ohio, AEP Texas, and Indiana Michigan Power. It also operates the largest transmission network in the country and earns regulated returns on its generation and grid investment.","explainer":["American Electric Power is one of the largest US electric utilities, serving millions of customers across eleven states through subsidiaries such as AEP Ohio, AEP Texas, and Indiana Michigan Power. It also operates the largest transmission network in the country and earns regulated returns on its generation and grid investment.","Data centers drive its growth story. AEP has signed customer commitments for roughly 20 gigawatts of incremental load through the decade, predominantly data centers in Ohio, Texas, and Indiana. It also placed a landmark order with Bloom Energy for fuel cells that can power data centers quickly while grid connections catch up.","Founded in 1906 and headquartered in Columbus, Ohio, AEP employs about 17,581 people and trades on the NASDAQ."],"buildoutRole":"AEP sits in the Utilities & Grid layer of the AI buildout. Its service territories in Ohio, Texas, and Indiana have become major data center destinations, and its commitments for roughly 20 gigawatts of new load are among the largest disclosed by any US utility. Owning the country's biggest transmission network positions it to move that power, and its Bloom Energy fuel cell order shows utilities improvising to serve AI load faster. Supercycle scores the exposure Growing within a regulated base.","faq":[{"q":"What does American Electric Power do?","a":"AEP generates, transmits, and distributes electricity to customers in eleven states through regulated utilities including AEP Ohio, AEP Texas, Appalachian Power, and Indiana Michigan Power. It owns the largest electric transmission network in the United States."},{"q":"How is American Electric Power exposed to AI?","a":"Its load growth inflection is driven by data centers, with signed customer commitments for roughly 20 gigawatts of incremental demand across Ohio, Texas, and Indiana. Supercycle rates it Growing with an AI Exposure Score of 32 out of 100."},{"q":"Why does transmission matter for AI?","a":"AI data centers concentrate enormous power demand at single sites, and moving that electricity requires high-voltage transmission. As the largest transmission owner in the US, AEP earns regulated returns on the grid expansion that data center growth requires."},{"q":"Who leads AEP?","a":"William Fehrman serves as CEO. The company was founded in 1906, is headquartered in Columbus, Ohio, and employs about 17,581 people. It trades on the NASDAQ under the ticker AEP."},{"q":"Is AEP a pure play AI stock?","a":"No. AEP is a regulated utility, and AI-linked demand is a modest share of a very large base. Supercycle places it in the Growing tier because data centers now define its load growth without changing its business model."}],"history1y":[{"date":"2026-09-22","close":120.27},{"date":"2026-09-23","close":118.4},{"date":"2026-09-24","close":117.57},{"date":"2026-09-25","close":118.35},{"date":"2026-09-28","close":118.2},{"date":"2026-09-29","close":119.3},{"date":"2026-09-30","close":118.64},{"date":"2026-10-01","close":119.75},{"date":"2026-10-02","close":119.57},{"date":"2026-10-05","close":119.73},{"date":"2026-10-06","close":121.67},{"date":"2026-10-07","close":122.08},{"date":"2026-10-08","close":122.32},{"date":"2026-10-09","close":122.81},{"date":"2026-10-12","close":124.23},{"date":"2026-10-13","close":125.65},{"date":"2026-10-14","close":126.13},{"date":"2026-10-15","close":124.29},{"date":"2026-10-16","close":127.14},{"date":"2026-10-19","close":124.72},{"date":"2026-10-20","close":127.22},{"date":"2026-10-21","close":127.39},{"date":"2026-10-22","close":130.64},{"date":"2026-10-23","close":129.69},{"date":"2026-10-26","close":129.22},{"date":"2026-10-27","close":130.3},{"date":"2026-10-28","close":128.2},{"date":"2026-10-29","close":129.34},{"date":"2026-10-30","close":130.21},{"date":"2026-11-02","close":130.33}],"incomeStatements":[{"ticker":"AEP","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":21876000000,"cost_of_revenue":8530000000,"gross_profit":13346000000,"operating_expense":0,"operating_income":5385000000,"net_income":3580000000,"earnings_per_share":6.66,"earnings_per_share_diluted":6.66,"research_and_development":0,"selling_general_and_administrative_expenses":0,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"AEP","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":19721000000,"cost_of_revenue":7261000000,"gross_profit":12460000000,"operating_expense":0,"operating_income":4447000000,"net_income":2967000000,"earnings_per_share":5.58,"earnings_per_share_diluted":5.58,"research_and_development":0,"selling_general_and_administrative_expenses":0,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"AEP","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":18982000000,"cost_of_revenue":7854000000,"gross_profit":11128000000,"operating_expense":0,"operating_income":3735000000,"net_income":2208000000,"earnings_per_share":4.24,"earnings_per_share_diluted":4.24,"research_and_development":0,"selling_general_and_administrative_expenses":0,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"AEP","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":19639500000,"cost_of_revenue":8347300000,"gross_profit":11292200000,"operating_expense":0,"operating_income":3741500000,"net_income":2307200000,"earnings_per_share":4.49,"earnings_per_share_diluted":4.49,"research_and_development":0,"selling_general_and_administrative_expenses":0,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"AEP","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":114460000000,"current_assets":6052000000,"cash_and_equivalents":197000000,"total_liabilities":82242000000,"current_liabilities":13314000000,"total_debt":49508000000,"shareholders_equity":31138000000,"retained_earnings":15441000000},{"ticker":"AEP","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":103078000000,"current_assets":5789000000,"cash_and_equivalents":203000000,"total_liabilities":76092000000,"current_liabilities":13009000000,"total_debt":45763000000,"shareholders_equity":26944000000,"retained_earnings":13869000000},{"ticker":"AEP","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":96684000000,"current_assets":6082100000,"cash_and_equivalents":330100000,"total_liabilities":71398100000,"current_liabilities":11583600000,"total_debt":43608500000,"shareholders_equity":25246700000,"retained_earnings":12800400000},{"ticker":"AEP","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":93403300000,"current_assets":6775500000,"cash_and_equivalents":509400000,"total_liabilities":69280900000,"current_liabilities":13266300000,"total_debt":41579300000,"shareholders_equity":23893400000,"retained_earnings":12345600000}],"holders13f":[{"slug":"george-soros","personName":"George Soros","fundName":"Soros Fund Management","value":105070080,"portfolioPct":0.013784877364949051,"change":"new","period":"2026-06-30"},{"slug":"peter-thiel","personName":"Peter Thiel","fundName":"Thiel Macro","value":42221892,"portfolioPct":0.10084850685428368,"change":"new","period":"2026-06-30"},{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":21833645,"portfolioPct":0.0008956993557242677,"change":"increased","period":"2026-06-30"}],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:49.834Z","tier":"free","source":"https://supercyclehq.com/stock/american-electric-power","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/AEP","html":"https://supercyclehq.com/stock/american-electric-power","md":"https://supercyclehq.com/stock/american-electric-power.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}