BofA cuts target for American Electric Power stock to USD 126
Published on 10/16/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalysts reassess earnings outlook
- BofA lowered its target from USD 133.00 to USD 126.00 on October 15, 2026.
- Second-quarter 2026 revenue reached USD 5.45 billion and net income was USD 718.00 million.
- American Electric Power stock traded at EUR 110.75 at 9:03 a.m. CEST at Lang & Schwarz on October 16, 2026.
- Third-quarter 2026 results are scheduled for October 28, 2026.
American Electric Power (ISIN US0255371017) is trading at EUR 110.75 at Lang & Schwarz on October 16, 2026, at 9:03 a.m. CEST. Markets Insider reported that BofA analyst Ross Fowler lowered the price target from USD 133.00 to USD 126.00 on October 15, 2026, while keeping a Neutral rating.
Target cut meets guidance test
The BofA note pointed to American Electric Power's 2026 earnings guidance of USD 6.25 to USD 6.55 per share. The company raised that range with its second-quarter report dated July 30, 2026, according to American Electric Power.
For the second quarter of 2026, revenue was USD 5.45 billion and net income was USD 718.00 million, according to the company's reported figures. The finance statement shows revenue of USD 6.02 billion in the first quarter, making the second-quarter total USD 575.00 million lower on a sequential basis.
Three events frame the stock
On July 30, 2026, American Electric Power reported second-quarter revenue of USD 5.45 billion and raised its 2026 guidance. On October 14, 2026, the company announced a planned USD 4.00 billion investment in a 702-megawatt Wyoming fuel-cell facility under a 20-year Google agreement, according to American Electric Power. On October 15, 2026, BofA cut its target to USD 126.00 from USD 133.00, as reported by Markets Insider.
What comes next for earnings?
The next dated test is American Electric Power's third-quarter 2026 report on October 28, 2026, while the full-year 2026 report is scheduled for February 25, 2027, according to TickerLandia. The reporting sequence matters because the latest quarter combined higher revenue with lower net income than the prior-year comparison cited by Markets Insider.
Capital spending remains central
American Electric Power says it expects to invest USD 78.00 billion over five years, linking the plan to electricity demand from large customers. The October 14 project adds a concrete 702-megawatt milestone, but the October 15 target cut shows that valuation remains sensitive to execution and earnings delivery.
Stock quote and company details
American Electric Power was trading at EUR 110.75 at Lang & Schwarz on October 16, 2026, at 9:03 a.m. CEST. On the Nasdaq, the primary listing is AEP in USD.
American Electric Power stock facts
- Company: American Electric Power Company, Inc.
- ISIN: US0255371017
- Ticker: AEP
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 16, 2026, 9:03 a.m. CEST): EUR 110.75
- Market capitalization: USD 67.7 billion (as of October 15, 2026)
- 52-week range: USD 112.54-140.58 (as of October 15, 2026)
- Sector / Industry: Utilities / Regulated Electric
- Index membership: S&P 500 and Nasdaq 100
Market context: Market report S&P 500.
