15 Best Power Generation Stocks To Buy For Data Center Demand

8. American Electric Power Company, Inc. (NASDAQ:AEP)

On May 6, 2026, Scotiabank raised its price target on American Electric Power Company, Inc. (NASDAQ:AEP) to $140 from $131 previously and maintained a Sector Perform rating on the shares. The firm pointed to the company’s “robust” EPS growth outlook, which was again increased to a greater-than-9% CAGR following recently announced capital projects.

On May 5, 2026, American Electric Power Company, Inc. (NASDAQ:AEP) reported Q1 operating EPS of $1.64, above the $1.57 consensus estimate, while revenue came in at $5.46B versus $5.72B expected. Chief Executive Officer Bill Fehrman said AEP continues executing on its strategic plan while maintaining a focus on affordability amid rising demand growth, particularly from data centers and other large-load customers.

American Electric Power Company, Inc. (NASDAQ:AEP) also said that it continues to expect FY26 operating EPS in the range of $6.15 to $6.45 per share.

American Electric Power Company, Inc. (NASDAQ:AEP) generates, transmits, and distributes electricity to retail and wholesale customers in the United States.