American Electric Power Company (AEP) is committing about $4 billion to a 702-megawatt fuel cell project near Cheyenne, Wyoming, backed by a 20-year power purchase agreement with Google. Recent trading suggests interest in American Electric Power Company has been firming, with a 1-day share price return of 2.29% and a 30-day share price return of 5.95%. The year-to-date share price return of 9.78% sits alongside a 1-year total shareholder return of 11.53% and a very large 3-year total shareholder return near 7x. This hints that investors have been reassessing the company as it signs long-term deals like the Google fuel cell project and continues regular regulatory filings on grid and generation assets.
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