FirstEnergy Corp.

(New York Stock Exchange)

Top News rankings and signal summaries are processed using AI and may contain errors.

1
Bullish +75

FirstEnergy sees rising demand for electricity - WFMZ

Capacity expansion Earnings report Grid expansion AI-generated analysis

FirstEnergy Corp. reported third-quarter 2026 GAAP earnings of $557 million, or $0.96 per share, beating the prior year's results and confirming projected growth through 2030. On an operating basis, core non-GAAP earnings reached $0.98 per share, reflecting continued execution of its investment strategy and improved...

Bullish Signals

  • Q3 GAAP earnings rose to $557M ($0.96/share) from $441M last year.
  • Core non-GAAP earnings reached $0.98/share, up from $0.83/share prior year.
  • Secured Siemens turbines for Maidsville Center amid growing state electricity demand.
  • Contracted demand hit 7.9GW, nearly double the beginning-of-year level.
  • Reaffirmed 2026 core earnings guidance of $2.62-$2.82 per share.
2
Bullish +75

FirstEnergy (FE) Q2 2026 Earnings

Capacity expansion Company update Earnings report AI-generated analysis

FirstEnergy Corp (FE) reported second-quarter 2026 earnings of $0.50 per share, slightly missing the consensus estimate of $0.50 but beating the prior quarter's consensus of $0.49. Revenue reached $3.7 billion, exceeding the $3.5 billion expectation, while GAAP net income rose to $288 million from $268...

Bullish Signals

  • EPS beat analysts for four consecutive quarters.
  • Revenue rose 8.8% YoY to $3.68B.
  • Data center demand hit 24.8 GW, up 30%.
  • West Virginia demand surged 137% to 4.3 GW.
  • Management reaffirmed 2026 EPS guidance of $2.62-$2.82.
3
Very Bearish -75

Former FirstEnergy Executives Reindicted on State Bribery Charges Stemming From HB 6

AI-generated analysis

Former FirstEnergy CEO Chuck Jones and Vice President Michael Dowling have been reindicted on state bribery, conspiracy, and fraud charges stemming from a major Ohio corruption scandal involving HB 6. Prosecutors announced the new indictment on Thursday after an earlier state trial ended in a...

Bearish Signals

  • Former executives face renewed state charges for massive corruption.
  • $60M funneled via dark money groups to influence elections.
  • $230M fine paid in 2021 after admitting bribery.
  • $4.3M bribe paid to regulator who died by suicide.
  • Ongoing legal scrutiny and potential reputational damage from new indictment.
4
Bearish -65

FirstEnergy execs reindicted in bribery scandal after hung jury

AI-generated analysis

Former FirstEnergy CEO Charles Jones and former senior vice president Michael Dowling have been reindicted in Summit County for their alleged roles in a bribery scandal involving Ohio officials. This development follows hung juries at their initial trials, which concluded just over a month prior...

Bullish Signals

  • The company is not currently facing a conviction despite the reindictment, as previous trials resulted in hung juries.
  • Legal defense attorneys argue that the funds provided to Randazzo were intended for his clients (IEU Ohio) and that he misappropriated them rather than receiving a direct bribe.

Bearish Signals

  • Former CEO faces fraud, obstruction, bribery, and conspiracy charges.
  • Former SVP charged with record tampering, fraud, and corruption.
  • $4.3M bribe paid to influence PUCO decisions for stock gain.
  • Key figure Sam Randazzo committed suicide during investigation.
5
Very Bearish -75

Ex-FirstEnergy executives reindicted in Ohio in $60 million corruption scheme

AI-generated analysis

Ohio Attorney General Dave Yost announced Thursday that a grand jury has reindicted two former FirstEnergy Corp. executives, Charles "Chuck" Jones and Michael Dowling, in connection with a $60 million bribery scandal involving the Akron-based energy giant. The new indictment includes 22 criminal counts against...

Bearish Signals

  • Two executives face 22 new counts after mistrial.
  • $4.3M payment alleged before regulator appointment.
  • Scheme aimed to control regulators and influence stock prices.
  • Executives accused of stealing government power for FirstEnergy.
  • Judge Ross granted acquittal requests following six-week trial.
  • Civil lawsuit facts added to new indictment.
  • Former Speaker Householder jailed; associates face varied outcomes.
  • AG Yost leaving office raises prosecution continuity questions.
6
Very Bearish -75

Former FirstEnergy execs indicted again in bribery case

AI-generated analysis

Former FirstEnergy executives Charles "Chuck" Jones and Michael Dowling have been reindicted by a Summit County grand jury on 22 felony counts related to a bribery scandal involving the company's stock. The charges allege that Jones and Dowling paid $4.3 million in bribes to former...

Bullish Signals

  • Ohio AG secured new indictment via trial team uncovering unknown info.
  • Prosecutors obtained additional federal data to strengthen case.
  • Retrial scheduled for September with clear timeline.
  • Indictment expands scope to include former Speaker Larry Householder.
  • Chuck Jones faces eight felonies; Michael Dowling faces 19.
  • Serious obstruction and evidence tampering allegations included.
  • Juan Cespedes and Jeff Longstreth pleaded guilty and testified.
  • Company paid $230 million fine and cooperated with investigators.
  • Matt Borges serves five years in federal prison.
  • Householder serves 20 years for racketeering conspiracy.
  • Prosecution confident in securing convictions with new evidence.
  • AG confident justice will be served for Ohio ratepayers.

Bearish Signals

  • Former executives face 22 felony counts after reindictment following jury deadlock.
  • New trial set for September prolongs proceedings and reputational damage.
  • Prosecutors added civil lawsuit info suggesting extra liability beyond $230M fine.
  • Charles Jones now faces obstruction charges increasing personal legal exposure.
  • Larry Householder linked to scheme widening scandal's political impact.
7
Very Bearish -75

Ex-FirstEnergy execs reindicted in $60M Ohio bribery case

AI-generated analysis

Ohio Attorney General Dave Yost announced Thursday that a grand jury has reindicted two former FirstEnergy Corp. executives, Charles "Chuck" Jones and Michael Dowling, in the state's long-running $60 million bribery scandal after their initial prosecutions ended in mistrial earlier this year. The new indictment...

Bullish Signals

  • Indictment adds facts from separate FirstEnergy civil lawsuit.
  • AG Dave Yost confident Ohio ratepayers will get justice.
  • New info on 2010-2021 enterprise strengthens executive case.

Bearish Signals

  • Two executives reindicted with 22 new counts after mistrial.
  • Case involves $4.3M payment to lobbyist before his appointment.
  • Alleged covert bribery scheme spanned 2010-2021 for illegal gains.
  • Civil lawsuit facts added, increasing company legal exposure.
  • Speaker Householder jailed 20 years; associates Randazzo and another died by suicide.
  • Prosecution continuity threatened as AG Yost leaves office due to term limits.
8
Very Bearish -75

2 former FirstEnergy executives indicted on public corruption charges

AI-generated analysis

Two former FirstEnergy executives, Charles Jones and Michael Dowling, have been indicted on public corruption charges related to their alleged involvement in the House Bill 6 scandal. The indictment alleges that between 2010 and 2021, the defendants participated in a criminal enterprise to bribe state...

Bearish Signals

  • Two executives face indictment on $60M bribery scheme.
  • First jury trial ended in mistrial after six weeks.
  • Charles Jones faces three counts of corruption and fraud.
  • Michael Dowling faces 14 counts of record tampering.
  • Criminal enterprise alleged between 2010 and 2021.
9
Bullish +75

FirstEnergy Q1 Earnings Call Highlights

AI-generated analysis

FirstEnergy (FE) reported first-quarter 2026 earnings that beat analyst expectations and reaffirmed its full-year guidance, driven by strong regulated investment and operational efficiencies. The company posted GAAP earnings per share of $0.70 and Core EPS of $0.72, representing a 7.5% year-over-year increase to Core earnings...

Bullish Signals

  • Core EPS rose 7.5% YoY to $0.72.
  • Capital investment surged 33% QoQ to $1.4 billion.
  • Management raised long-term Core Earnings CAGR to 6-8% through 2030.
  • Moody's upgraded credit outlook to positive with oversubscribed $850M offering.
  • Base O&M costs dropped ~5% via operational efficiencies.

Bearish Signals

  • Supply constraints and cost inflation risk impact project timelines.
  • Downside risk to total project costs due to seller's market.
  • Turbine delivery delayed until 2031 causing execution delays.
  • Uncertain regulatory approval creates timing risk for capital project.
  • Operational cost increases could erode EPS of $0.70.
  • Earnings growth concentrated in H2 creating top-line risk.
  • Modest equity financing may signal lack of market confidence.
10
Bullish +75

FirstEnergy: 3 Key Takeaways for Long-Term Investors

Capacity expansion Earnings report Grid expansion AI-generated analysis

On its third-quarter 2026 earnings call held on October 28, FirstEnergy (NYSE:FE) reported a significant surge in contracted and pipelined data center power demand, which jumped nearly 60% since year-end. CEO Brian Tierney highlighted that West Virginia pipeline demand expanded sixfold to nearly 6 gigawatts,...

Bullish Signals

  • Data center demand jumped 60%, reaching nearly 6 gigawatts in West Virginia.
  • Data center load drives 25% increase in $19 billion transmission investment plan.
  • Contracts structure costs for large users, avoiding risk shift to residential customers.
  • Reaffirmed 2026 Core EPS guidance range of $2.62 to $2.82 per share.
  • Strategic grid position creates structural advantage as power demand expands.
11
Bullish +65

FirstEnergy Earnings Call Signals Growth Amid Funding Questions - TipRanks

Capacity expansion Earnings report Regulatory approval AI-generated analysis

FirstEnergy Corp (FE) reported strong third-quarter performance with GAAP earnings of $0.96 per share, up from $0.76 a year earlier, and core earnings rising to $0.98 per share. Management highlighted significant growth in industrial and data center demand, noting that contracted data center demand has...

Bullish Signals

  • Q3 GAAP earnings rose to $0.96/share from $0.76.
  • Contracted data center demand jumped nearly 60% to 7.9 GW.
  • System strengthening spending reached $4.9 billion, up 23%.
  • Industrial load grew 3.3% with gains in metals and oil.
  • Reliability improved 11% in PA and 40% in NJ since 2024.

Bearish Signals

  • Regulatory approvals for West Virginia projects remain uncertain.
  • $2B equity needed for $19B transmission plan through 2030.
  • New Jersey affordability review outcome still outstanding.
  • PJM Open Window opportunity expected to be smaller.
12
Bullish +65

FirstEnergy Benefits From Data-Center Demand, Systematic Investment - Yahoo Finance

Capacity expansion Grid expansion Infrastructure investment AI-generated analysis

FirstEnergy Corp. (FE) is positioned to capitalize on surging data-center electricity demand and its regulated investment framework, which supports predictable revenue growth. In the second quarter of 2026, the company's contracted and pipeline data-center demand reached 24.8 gigawatts, a 30% increase from the previous quarter,...

Bullish Signals

  • Data-center demand supports revenue growth and earnings predictability.

Bearish Signals

  • Ohio, NJ, MD, WV rate requests may lack full approval.
  • Regulatory delays hinder cost recovery for infrastructure investments.
  • Emissions rules raise costs for coal-fired plant operations.
13
Bullish +75

Why FirstEnergy Is Replacing Edison as the Top Power Generation Stock

AI-generated analysis

Merrill Lynch analyst Brian Chin has upgraded FirstEnergy Corp. (NYSE: FE) to the firm's US 1 List, replacing Edison International due to a superior recovery and margin expansion outlook. The upgrade highlights three specific catalysts expected to drive long-term outperformance over the next six months:...

Bullish Signals

  • Upgraded to US 1 List by Merrill Lynch.
  • EPS projected to rise $0.10-$0.15 via fuel cuts.
  • Auction prices forecast at $200 vs $150-$170 consensus.
  • CEO Jones mirrors Duke Energy and Dominion success.
  • 4% dividend yield trades below analyst price target.
14
Bearish -65

Some of FirstEnergy’s power-generating affiliates file for chapter 11 bankrputcy

AI-generated analysis

FirstEnergy Corp. has filed for Chapter 11 bankruptcy protection for a specific fleet of power-generation businesses, highlighting the severe financial pressures currently facing coal and nuclear plant operators across the nation. The filing was submitted on Saturday in U.S. Bankruptcy Court in Akron, Ohio, specifically...

Bearish Signals

  • FirstEnergy places power fleet in Chapter 11 bankruptcy.
  • Filing covers FirstEnergy Solutions Corp., risking Midwest/Mid-Atlantic customers.
  • Coal/nuclear operators face broader financial pressures and viability issues.
15
Bearish -65

Former FirstEnergy execs indicted again in bribery case

AI-generated analysis

Two former FirstEnergy executives, Charles 'Chuck' Jones and Michael Dowling, have been reindicted by a Summit County grand jury on charges related to a state bribery scandal. The new indictment follows a previous trial where a jury could not reach a verdict, marking the prosecutor's...

Bullish Signals

  • Ohio Attorney General Dave Yost expressed confidence that justice will be served for ratepayers once the facts are fully unearthed in the upcoming retrial.
  • The prosecution has secured previously unknown evidence and additional facts from an ongoing civil lawsuit, strengthening the case against the executives.

Bearish Signals

  • 22 felony counts against former executives for bribery and obstruction.
  • $4.3M bribe paid to influence stock prices and secure bailout.
  • Retrial scheduled for September after previous jury deadlock.
  • $230M fine previously paid after pleading guilty to bribing officials.
  • Key figures died by suicide or serving lengthy federal prison sentences.
16
Very Bearish -85

FirstEnergy execs reindicted in bribery scandal after hung jury

AI-generated analysis

Former FirstEnergy CEO Charles Jones and former senior vice president Michael Dowling have been reindicted in Summit County, Ohio, for their alleged roles in a bribery scandal involving state officials. The charges follow a previous trial that ended in a hung jury, with prosecutors now...

Bearish Signals

  • Former FirstEnergy CEOs face reindictment after hung jury.
  • $4.3M bribe secured favorable nuclear/coal plant decisions.
  • Scheme passed House Bill 6 to benefit failing assets.
  • Company hid overearning by avoiding November 2019 rate case.
  • Secret deal added $8.5M to Randazzo's alleged bribes.
  • Executives allegedly hijacked company to control regulator stock prices.
  • Randazzo stole union funds into personal controlled accounts.
  • Attorney General warns of ongoing legal and reputational risks.
17
Very Bearish -75

Former FirstEnergy execs indicted again in bribery case

AI-generated analysis

Former FirstEnergy executives Charles "Chuck" Jones and Michael Dowling have been reindicted by a Summit County grand jury on 22 felony counts related to bribery, following a previous trial that ended in a deadlock. The charges allege the pair paid $4.3 million to former Public...

Bullish Signals

  • New civil lawsuit facts strengthen the case against FirstEnergy.
  • Prosecutors provided robust evidence including texts and images for retrial.
  • Retrial scheduled for September with clear resolution timeline.
  • Former officials Householder and Borges serve 20 and five year sentences.
  • Cespedes and Longstreth pleaded guilty and testified for prosecution.
  • Company paid $230 million fine and cooperated with investigators.
  • Attorney General Yost confident ratepayers will get justice.

Bearish Signals

  • Retrial set for September before AG Yost leaves June 7.
  • New felony counts include obstruction and telecommunications fraud.
  • Defense claims new info was previously excluded by Judge Ross.
  • Case involves $4.3M bribe linked to House Bill 6 bailout.
18
Somewhat Bullish +45

FirstEnergy Earnings Call: Growth, Capex And Affordability

AI-generated analysis

FirstEnergy Corp (FE) held its Q1 earnings call delivering a clean beat on quarterly results with GAAP EPS of $0.70, up from $0.62 a year earlier, while core EPS rose to $0.72 from $0.67 representing a 7.5% gain. Management reaffirmed 2026 core earnings guidance ranging...

Bullish Signals

  • GAAP EPS rose to $0.70 with core EPS gaining 7.5%.
  • Management reaffirms full-year 2026 guidance between $2.62 and $2.82.
  • Company confirmed robust $6 billion capital plan for 2026.
  • Oversubscribed $850 million Pennsylvania debt deal executed at 4.4% coupon.
  • Customer-focused investment surged 33% year-over-year to $1.4 billion Q1.
  • M oody's shifted credit outlook on senior unsecured debt to positive.
  • Transmission rate base expanded 13% with integrated business growth of 19%.
  • W est Virginia data center pipeline reached 1.8 GW, up 50%.
  • Pennsylvania customer outage duration fell by 27 minutes significantly.
  • FirstEnergy advancing 1.2 GW gas plant targeting 2031 in-service.
  • New Jersey customers saw roughly 49 minutes less annual downtime.

Bearish Signals

  • Public pressure risks delaying future rate cases and investment approvals.
  • Turbine shortages could push West Virginia plant costs above $2.5 billion.
  • Regulatory scrutiny in PA and NJ threatens customer bill stability.
  • Political heat in key territories reduces cost allocation transparency.
  • Ohio laws limit utility ownership, complicating generation development plans.
  • Elevated transmission spending likely persists despite cost-cutting efforts.
19
Very Bearish -75

What to Expect as FirstEnergy Corruption Trial Heads for a Do-Over

AI-generated analysis

FirstEnergy Corp (FE) executives Chuck Jones and Mik Dowling face a retrial in state court for corruption charges stemming from Ohio's House Bill 6 scandal, with the new trial set to begin on September 28 before Judge Susan Baker Ross. The original two-month criminal trial...

Bullish Signals

  • Second trial begins Sept. 28 seeking unanimous verdict.
  • Retrial offers better context for legal ethics guidance.
  • New evidence rebuts secret payment claims against executives.
  • Clearer testimony corrects confusion on energy efficiency standards.
  • State verdict targets federal prosecutors' remaining allegations.

Bearish Signals

  • Second trial prolongs uncertainty and reputational damage.
  • No resolution expected until at least September 28.
  • $4.3M and $60M bribe admissions excluded from trial.
  • Near $19M prior fine indicates ongoing scrutiny.
  • Hung jury suggests persistent legal ambiguity remain.
20
Slightly Bullish +15

FE: Earnings, Grid Capex & Data-Center Demand - stockalpha.ai

Data center leasing Earnings report Grid expansion AI-generated analysis

FirstEnergy (FE) is approaching its Q3 earnings release scheduled for October 27, 2026, with analysts maintaining a Buy rating and a mean price target near $50. The company operates as a regulated utility across the Midwest and Mid-Atlantic, managing a significant capital investment program exceeding...

Bullish Signals

  • $36B+ investment program supports long-term rate base growth.
  • Positioned to capture rising data-center demand for earnings.
  • Maintains capital market access to fund multi-year investments.

Bearish Signals

  • Rising costs and capex pressure margins and create result volatility.