American Electric Power stock rises but trails utility rivals
Updated
Updated · MarketWatch · Apr 30
American Electric Power stock rises but trails utility rivals
5 articles · Updated · MarketWatch · Apr 30
Shares climbed 1.99% to $137.11 on Thursday, while NextEra rose 3.94%, Duke 2.40% and Southern 3.41%.
The gain came in a broader market rally, with the S&P 500 up 1.02% and the Dow Jones Industrial Average up 1.62%.
AEP finished 0.46% below its 52-week high of $137.74 set on 9 April, as trading volume reached 3.7 million shares, above its 50-day average of 3.2 million.
With rivals securing massive new projects, is American Electric Power falling behind in the race to power the nation's AI boom?
Can America's aging power grid handle the AI revolution without triggering blackouts or soaring electricity bills for consumers?
Are massive new power plants the right answer, or are utilities overlooking faster, cheaper ways to meet the AI energy demand?