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via finance.yahoo.comBusiness & Companies

American Electric Power: joint deal with X-energy and Amazon for a 960 MW nuclear project

FROM THE WIRE · FINANCE.YAHOO.COM

American Electric Power Company (NasdaqGS:AEP) agreed a joint development deal with X-energy and Amazon for a 960-megawatt advanced nuclear project in Indiana. The proposed facility would repurpose a former coal plant site and use X-energy small modular reactor technology to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishLong-term nuclear supply deal with a major tech buyer, relevant for the utility sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AEP agreed a joint development deal with X-energy and Amazon for a 960 MW project in Indiana.
  2. 02The project would repurpose a former coal plant site.
  3. 03Amazon plans to support the project through funding and a long-term power purchase arrangement.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
American Electric Power Company, Inc.AEPStock129.69 USDMarket closedtoday -0.73%Positive Amazon.com, Inc.AMZNStock248.00 USDMarket closedtoday -0.95%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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