Jim Cramer Says He Has Been Recommending American Electric For Multiple Years

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the stocks Jim Cramer shared his take on. When a caller asked about the stock during the lightning round, Cramer said, “But you know, I’ve been recommending that one for multiple years, and I’m not backing away.”

A stock market data. Photo by Alesia Kozik on Pexels

American Electric Power Company, Inc. (NASDAQ:AEP) generates electricity from diverse sources, including fossil fuels, nuclear, hydro, solar, and wind, while operating extensive transmission and distribution networks. During the Squawk on the Street episode aired on September 25, Cramer called the company stock “one of the great performers of this period,” as he said:

“Take a look at American Electric Power which is, if you put up the chart of American Electric Power, AEP, you’re going to see, it’s a stock that looks very much like Intel, 1997 to 1999. I mean AEP’s one of the great performers of this period, now it’s starting to come down because people realize, well wait a second, if someone puts a cap on AEP that would be devastating.”

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Disclosure: None. This article is originally published at Insider Monkey.