HSBC starts coverage of American Electric Power stock with Buy rating

Published on 10/26/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC set a USD 145.90 target on October 22, 2026. American Electric Power stock costs EUR 115.95 on October 26, 2026.

Analyst coverage and key dates

HSBC initiated coverage with a USD 145.90 target on October 22, 2026.
AEP's investment plan totals USD 78.0 billion through 2030.
American Electric Power stock trades at EUR 115.95 at 11:31 a.m. CET at Lang & Schwarz on October 26, 2026.
Third-quarter earnings are scheduled for October 28, 2026.

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American Electric Power (ISIN US0255371017) was trading at EUR 115.95 at Lang & Schwarz on October 26, 2026, at 11:31 a.m. CET. Investing.com reported on October 22, 2026, that HSBC initiated coverage with a Buy rating and a USD 145.90 price target.

Analysts see room for investment

HSBC linked its view to a projected rate-base compound annual growth rate of 13.00 percent from 2026 through 2030 and an annual earnings-per-share growth forecast of 9.00 percent. The bank also cited American Electric Power's USD 78.00 billion investment plan for 2026 through 2030, including USD 50.00 billion for electricity grids, USD 8.00 billion for renewables and USD 13.00 billion for new generation.

The analyst view comes with a valuation counterpoint. On October 19, 2026, BMO Capital cut its price target to USD 135.00 from USD 139.00 while retaining a Market Perform rating, according to Investing.com. BMO raised its third-quarter 2026 operating earnings estimate to USD 2.08 per share, above the FactSet median estimate of USD 2.01.

Three dates shape the setup

American Electric Power announced a 702-megawatt Bloom fuel-cell solution for Google on October 14, 2026. The company announced its partnership with Amazon and X-energy to explore advanced nuclear energy in Indiana on October 19, 2026. HSBC's coverage and USD 145.90 target followed on October 22, 2026.

What matters for the next report?

The next major date is October 28, 2026, when American Electric Power is scheduled to release third-quarter results, according to MarketScreener. A second date is December 10, 2026, when the quarterly dividend is scheduled to be paid to shareholders of record from November 10, 2026.

Investment plan meets earnings test

American Electric Power reported USD 5.45 billion of revenue and USD 1.36 in operating earnings per share for the second quarter of 2026, while the prior-year quarter produced USD 5.09 billion of revenue and USD 1.43 in earnings per share, according to Investing.com. The October report will show whether the growth plan is translating into operating earnings.

Price and market context

American Electric Power was trading at EUR 115.95 at Lang & Schwarz on October 26, 2026, at 11:31 a.m. CET. Its Nasdaq quote was USD 129.69 at the October 23, 2026 close, while the finance snapshot placed market capitalization at USD 70.6 billion and the 52-week range at USD 112.54 to USD 140.58.

The further course of trading is shown by the continuously updated real-time quote of American Electric Power stock.