American Electric Power Company Inc. (AEP): Carl C. Icahn Admires This Power Firm

We just covered Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and American Electric Power Company, Inc. (NASDAQ:AEP) ranks 9th on this list.

American Electric Power Company, Inc. (NASDAQ:AEP) has featured consistently in the 13F portfolio of Icahn Capital since the fourth quarter of 2023. Back then, this position comprised 1.21 million shares. Filings for the fourth quarter of 2025 show that no new activity has been registered against this holding since then. AEP is an electric public utility holding company that engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It generates electricity using coal and lignite, nuclear, natural gas, renewable, hydro, solar, wind, and other energy sources. It also owns, operates, maintains, and invests in transmission infrastructure, and engages in the retail supply, and wholesale energy trading and marketing businesses.

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American Electric Power Company, Inc. (NASDAQ:AEP) has become a darling of hedge funds because the service territory of the firm, spanning 11 states including Ohio, Texas, and Indiana, is at the epicenter of the hyperscale data center expansion. As per latest data, the contracted load of the firm has expanded to 63 gigawatts by 2030, a massive jump from the 28 GW projected just months ago. In its Q1 2026 report, the firm increased its five-year capital plan to $78 billion, up from $72 billion. This expanded investment is expected to drive an operating earnings CAGR of over 9% through 2030, which is at the premium end of the utility sector.

While we acknowledge the risk and potential of AEP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AEP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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