AEP

AI Research

$72B Capex Plan + Increased 2030 Data Center Load Forecast → Stock Up 9.3% Past Month

American Electric Power reaffirmed its long-term earnings growth targets and sharply increased its 2030 contracted load forecast, driven by rising demand from large power users and AI-focused data centers, underpinning its substantial $72 billion capital investment plan. The AEP Texas subsidiary raised $750 million in senior notes due 2036 and appointed Adrian Rodriguez as president and COO after leadership transitions, maintaining continuity in serving approximately 1.094 million Texas customers. The stock has gained 9.29% over the past 30 days and 17.07% over the past 90 days on favorable analyst sentiment, though elevated borrowing costs present an ongoing headwind for funding the multi-billion-dollar infrastructure buildout.