Southwestern Electric Power Co Says American Electric Power Co Reaffirming Forecasted Financial Data Issued On Nov 10 On 2024 Operating Earnings Guidance; Reaffirming Its Projected 6%-7% Long-Term Earnings Growth Rate
Portfolio Pulse from Benzinga Newsdesk
Southwestern Electric Power Co has announced that American Electric Power Co (AEP) is reaffirming the financial forecasts it issued on November 10, including the 2024 operating earnings guidance and the projected long-term earnings growth rate of 6%-7%, according to an SEC filing.
December 20, 2023 | 1:40 pm
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American Electric Power Co reaffirms its previous financial forecasts, including the 2024 operating earnings guidance and a 6%-7% long-term earnings growth rate.
Reaffirmation of financial forecasts typically instills confidence in investors, suggesting that the company is on track to meet its financial targets. This can have a positive impact on the stock price in the short term as it may reduce uncertainty and reinforce investor confidence in the company's growth prospects.
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