American Electric stock rose after stake sale, CFO appointment, and positive analyst rating

From Stocktwits: 2025-01-13 08:12:13

American Electric Power Company Inc. (AEP) saw a boost in stock price after Bank of America issued a ‘Buy’ rating and raised the price target to $104 following a $2.82 billion stake sale in transmission assets and appointment of Trevor Mihalik as CFO. The strategic partnership with KKR and PSP Investments involved selling a 19.9% equity interest in Transcos, aligning with AEP’s growth strategy. Analysts predict a $2 billion equity issuance in the second half of 2025, reducing balance sheet risks and supporting growth. Retail sentiment on Stocktwits shifted to ‘extremely bullish’ as the stock surged 3.5% over three sessions.



Read more at Stocktwits: American Electric Stock Rises Pre-Market As Analysts Cheer Stake Sale, CFO Appointment: Retail Signals More Upside