American Electric Power Co Inc (AEP · NASDAQ)

American Electric Power shares have rallied 6.0% over the past month to $127.14, with RSI at 81 signaling overbought conditions, following news of a planned $4 billion, 702-megawatt fuel-cell facility for Google expected fully operational by end-2028. The quarter ended 2026-06-30 showed revenue of $5.45B but earnings per share of $1.36 missed estimates by 8.7%, and trailing earnings are down 43.2% year-over-year despite 7.0% revenue growth. Free cash flow remains negative at -$969.0M as capex of $2.79B outpaced operating cash flow of $1.82B, against total debt of $53.50B at 5.9x EBITDA. The stock trades at a P/E of 22.03 versus an analyst target of $140.88, though one recent commentary flagged potential 11% overvaluation.