BUZZ-American Electric Power gains on increased capex plan, beats Q4 profit estimates

أميركان إلكتريك باور +0.77%

American Electric Power Company, Inc.

AEP

132.68

+0.77%

** Shares of utility company American Electric Power AEP.O up ~2% to $124.41 premarket

** Co surpasses Q4 profit expectations, citing surge in power demand driven by large hyperscalers

** AEP posts adjusted Q4 profit of $1.19 per share v/s est. of $1.15 per share - data compiled by LSEG

** Co says it will expand its five-year capital expenditure plan beyond $72 billion

** Including session's moves, stock up 23% YTD