FirstEnergy Corp.
FE · NYSE
Company research
FirstEnergy Corp. (NYSE: FE) is a leading U.S. regulated electric utility holding company headquartered in Akron, Ohio, incorporated in 1996 and formed through the merger of Ohio Edison and Centerior Energy in 1997. Operating through its Distribution, Integrated, and Stand-Alone Transmission segments, the company delivers electricity to approximately 6 million customers across six states — Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York — via an extensive network of over 252,000 distribution line miles and roughly 24,000 transmission line miles. FirstEnergy's diverse generation portfolio encompasses coal, nuclear, hydroelectric, natural gas, wind, and solar assets, while its fully regulated business model allows cost recovery through state- and FERC-approved tariffs, providing a stable earnings profile. Under the leadership of CEO Brian X. Tierney, the company is executing its $36 billion Energize365 capital investment program (2026–2030), targeting approximately 10% compounded annual rate base growth and Core EPS growth near the top end of its 6–8% long-term guidance range.
Research reports
FactorsToday (independent Equity Research) · July 3, 2026FirstEnergy Corp. (NYSE: FE) — The Turnaround Worked, and the Stock Knows It
In-depth report arguing that FirstEnergy’s operational and governance turnaround is real, with a strengthened balance sheet, a $36 billion Energize365 capex plan, and significant PJM data-center transmission optionality, but concluding the stock is fairly to fully valued after a 30% rerating and that the “easy money” from closing the scandal discount has already been made, so the base stance is hold with a preference to add only on weakness in the low-$40s.
Sure Dividend · April 30, 2026FirstEnergy Corp. (FE)Dividend-focused research note that models ~7% EPS growth and a rising payout, but projects only about 5.3% annual total returns due to valuation headwinds, highlighting FirstEnergy’s improved but still leveraged balance sheet, governance overhang from the HB6 scandal, and the risk that the yield and growth profile are not compelling enough versus other utilities, leading to a Hold rating at current prices.
Beanvest · March 28, 2026FirstEnergy (FE) Stock Analysis — Quality Score & Fair ValueQualitative and scoring-based analysis that characterizes FirstEnergy as a “de‑risked wires platform” with a good quality score (72/100), supported by its Energize365 plan targeting roughly 10% rate-base CAGR and 6–8% Core EPS growth, recent S&P upgrade to BBB+, completion of key legal settlements, and a focus on regulated grid capex, while noting ongoing regulatory, rate‑setting, and debt-related risks.
Ultra Stock Analysis Pro · March 2, 2026FirstEnergy Corp. (FE) – Comprehensive Stock Analysis ReportAlgorithmically driven technical and fundamental report that assigns FE a HOLD rating with strong long-term fundamentals, modest upside to consensus price targets, and a bullish short-term technical trend, but stresses overbought conditions, elevated leverage, limited upside versus risk, and a weak risk‑reward profile, ultimately recommending maintaining existing positions with conservative ATR-based stop‑losses rather than aggressive new buying.
KoalaGains · October 28, 2025FirstEnergy Corp. (FE) Future Performance Analysis (2026)Forward-looking performance study that frames FE as a higher-risk turnaround utility whose 6–8% EPS growth target depends heavily on successful execution of a large Energize365 capex program and constructive regulatory outcomes, especially in Ohio, and contrasts its mixed demand backdrop and elevated regulatory/execution risk with more stable peers, concluding that while the plan offers upside, the risk of adverse rate-case decisions or lower allowed ROE makes the outlook mixed.