American Electric Power Company, Inc. (NASDAQ:AEP) stands out as a compelling stock option mentioned by investment guru Jim Cramer. During a recent segment of his show, Cramer affirmed his ongoing support for AEP by stating, “I’ve been recommending that one for multiple years, and I’m not backing away.”
A stock market data. Photo by Alesia Kozik on Pexels
American Electric Power Company, Inc. (NASDAQ:AEP) is a diversified energy provider generating electricity through various sources, including fossil fuels, nuclear, hydro, solar, and wind power. The company maintains an expansive transmission and distribution infrastructure. In a recent episode of Squawk on the Street aired on September 25, Cramer described AEP as “one of the great performers of this period,” elaborating:
“Take a look at American Electric Power which is, if you put up the chart of American Electric Power, AEP, you’re going to see it’s a stock that looks very much like Intel, 1997 to 1999. I mean AEP’s one of the great performers of this period, now it’s starting to come down because people realize, well wait a second, if someone puts a cap on AEP that would be devastating.”
While AEP shows promise as an investment, it’s important to note that there are emerging AI stocks that may present an even greater upside with potentially lower risks. For investors interested in discovering an undervalued AI stock that could benefit from recent tariff developments and the trend of onshoring, check out our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article was originally published at Insider Monkey.
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