American Electric Power
AEP · NASDAQ · Utilities
$120.00
$1.60 (-1.33%) today
Market Cap
$65.33B
24h Volume
$962.0M
P/E Ratio
20.8
52w High
$137.64
52w Low
$103.83
Est. AI Revenue
10%
7-Day Sparkline (Static)
Company facts
Performance
About American Electric Power
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.
American Electric Power in the AI buildout
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.
AEP is tracked in Utilities & Grid, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
AEP trades at $120.00, 48% of the way up its 52-week range of $103.83 to $137.64.
Market cap
Market capitalization is $65.33B, with an AI Exposure Score of 32 out of 100.
Valuation vs peers
Its P/E ratio of 20.8 is in line with the Utilities & Grid category median of 21.7.
Next earnings
American Electric Power is next expected to report earnings on October 29, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does American Electric Power do?
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.
How is American Electric Power exposed to AI?
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.
Why does transmission matter for AI?
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.
Who leads AEP?
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.
Is AEP a pure play AI stock?
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.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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