American Electric Power (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. The stock rose 2.29% over one day and 5.95% over 30 days, last closing at $127.14. The article cites several valuation markers: the most-followed narrative's fair value of about $113, a discounted cash flow estimate of about $114.95, and an average analyst target of $140.88. It also notes counterweights such as recent earnings softness, lower profit margins than last year, and reliance on external borrowing.
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