FirstEnergy CorpNYSE: FE
Utilities · Electric Utilities
$46.43
+0.62%
Vol: 3.6M
Research Digest
Thursday, June 18, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21SEC approved $100M FirstEnergy bribery scheme distribution to investors who held stock during 2017-2020 disclosure periodMixed▶
On May 1 the SEC approved a plan to distribute a $100M penalty to investors who bought FE common stock between January 1, 2017 and November 19, 2020, tied to the HB6 nuclear bailout bribery scandal. TD Cowen upgraded the stock to Buy from Hold on May 3, while JPMorgan reaffirmed Hold on May 15. The May 7 ex-dividend date paid a $0.46 quarterly dividend. Company reaffirmed 2026 core EPS guidance of $2.62-$2.82 and the 5-year $36B capex plan. Risk: lingering legal/regulatory overhang from the Ohio bribery case and rate-case scrutiny on the $385M transmission misclassification continue to weigh on multiple expansion.
May 20FirstEnergy holds annual meeting May 20; TD Cowen upgrades to Buy after Q1 core EPS of $0.72 (+7.5% YoY) and reaffirmed 2026 guidancePositive▶
FirstEnergy is holding its virtual annual shareholder meeting on May 20, 2026, where investors will elect nine directors, ratify PwC as auditor, hold an advisory vote on executive pay, and vote on a shareholder proposal for an independent board chair (Board opposes). Q1 2026 core earnings came in at $0.72/share, up 7.5% YoY, with nearly $1.4B in customer-focused capital invested. Management reaffirmed 2026 core EPS guidance of $2.62-$2.82 and expects 2026 dividends of $1.86/share, up 4.5% from 2025. TD Cowen upgraded FE to Buy on May 15, though shares slipped 1.4% that session. Stock has been under pressure with a 5% weekly decline as of May 10.
May 19FirstEnergy subsidiaries Mon Power and Potomac Edison filed for residential rate adjustments with regulators on May 18, 2026, adding to the utility's ongoing regulatory agenda.Neutral▶
On May 18, 2026, FirstEnergy's West Virginia subsidiaries Mon Power and Potomac Edison submitted a request to state regulators regarding residential rate changes. The filing follows FirstEnergy's reaffirmation of its 2026 core EPS guidance of $2.62-$2.82 and its $36 billion 2026-2030 capital plan. Recent analyst momentum remains constructive, with TD Cowen upgrading FE to Buy on May 15 with a $53 price target. Rate case outcomes are a key driver for utility cash flow and authorized ROE, making regulatory engagement material to the FY2026 earnings trajectory. The risk is potential regulator pushback on affordability grounds, which could compress allowed returns in core service territories.
May 18TD Cowen upgraded FirstEnergy to Buy from Hold with a $53 PT on May 15, calling the recent selloff overdone, though shares still slipped 1.4%.Mixed▶
On May 15, 2026, TD Cowen upgraded FirstEnergy from Hold to Buy with a $53 price target (down from $56), viewing the recent selloff as overdone, though the stock still declined 1.4% that day. Earlier in May, Jefferies trimmed its target to $51 from $52, while Goldman Sachs and Morgan Stanley both raised their targets to $54 from $53. On May 1, a $100M SEC penalty was approved for distribution to investors who bought FE shares between January 2017 and November 2020, related to the company's prior bribery scheme disclosures. Q1 2026 core EPS came in at $0.72 (+7.5% YoY) on $4.2B revenue, with the company reaffirming its $2.62-$2.82 full-year EPS guidance and $36B 2026-2030 capital investment plan.
May 15FirstEnergy analysts split after Q1 beat: Goldman/Morgan Stanley lift PTs to $54, Jefferies trims to $51 amid $36B 2026-30 capex planMixed▶
FirstEnergy's Q1 2026 results (May 6) showed core EPS of $0.72 (up 7.5% YoY, beat $0.71) on $4.2B revenue, GAAP EPS of $0.70. The company reaffirmed 2026 core EPS guidance of $2.62-$2.82 and 6-8% long-term growth near the top end, backed by ~$4.5B 2026 capex and a $36B 2026-2030 plan. Analyst response was split: Goldman Sachs and Morgan Stanley raised PTs to $54 from $53 while Jefferies trimmed to $51 from $52; consensus PT sits near $53.58 with Overweight bias. On May 1, the SEC approved a $100M distribution plan compensating investors who bought FE stock between Jan 2017-Nov 2020 from the prior bribery-scheme misrepresentation settlement. Recent share weakness (~1% daily, 5% weekly).
May 14FirstEnergy Q1 core EPS of $0.72 (+7.5% YoY), reaffirmed $2.62-$2.82 FY guide; SEC approved $100M investor distribution May 1Mixed▶
FirstEnergy reported Q1 2026 core EPS of $0.72 (up 7.5% YoY) on $4.2B revenue and reaffirmed 2026 core EPS guidance of $2.62-$2.82. The company invested ~$1.4B in capital in Q1, part of $6B planned for 2026 and a $36B 2026-2030 plan. On May 1, the SEC approved a plan to distribute the $100M penalty to investors who bought FE common stock between Jan 2017-Nov 2020 from the earlier Ohio bribery scheme. Jefferies trimmed PT to $51 (from $52); Goldman Sachs and Morgan Stanley each raised to $54. Stock under recent pressure; consensus rating Overweight.
May 13No significant overnight updatesNeutral▶
No material news in last 48 hours.
May 12SEC approved on May 1 a plan to distribute FirstEnergy's $100M bribery-scheme penalty to investors, while Goldman Sachs and Morgan Stanley both lifted price targets to $54.Mixed▶
The SEC approved a plan on May 1 to distribute a $100 million penalty to investors who purchased FirstEnergy common stock between January 1, 2017 and November 19, 2020, tied to the company's past bribery scandal. The utility reported Q1 2026 GAAP EPS of $0.70 and core EPS of $0.72, a 7.5% YoY increase that beat the $0.71 consensus. FirstEnergy reaffirmed its 2026 core earnings guidance of $2.62-$2.82 and invested nearly $1.4 billion in Q1 capex toward its $6 billion 2026 plan and $36 billion 2026-2030 capital investment plan. On May 6, Goldman Sachs and Morgan Stanley both raised their price targets to $54 from $53, while Jefferies trimmed its target to $51 from $52.
May 11FirstEnergy faces analyst price target trims after $100M SEC bribery penalty payout to investorsMixed▶
On May 1, 2026, the SEC approved a plan to distribute the $100 million penalty from FirstEnergy to investors who purchased common stock between January 1, 2017 and November 19, 2020, related to the largest utility bribery case in American history. On May 6, Jefferies trimmed its price target to $51 from $52 while Goldman Sachs and Morgan Stanley both raised targets to $54 from $53, leaving the consensus around $53.58 with Overweight rating. FirstEnergy reported strong Q1 2026 core earnings of $0.72 per share, up 7.5% YoY, reaffirming 2026 core earnings guidance of $2.62-$2.82. The company invested nearly $1.4 billion in Q1 capital, on track for $6 billion in 2026 and $36 billion through 2030. Stock under pressure with 5% weekly decline.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| FEFIRSTENERGY | $46.43 | +0.62% | +2.2% | 15.8x | 0.46 | $26.9B |
| SOSOUTHERN | $93.26 | +0.78% | -0.6% | 18.9x | 0.34 | $104.9B |
| CEGCONSTELLATION | $274.07 | +2.58% | -2.6% | 20.2x | 1.09 | $97.9B |
| DUKDUKE | $123.92 | +0.15% | +0.0% | 17.3x | 0.38 | $96.6B |
| AEPAMERICAN | $127.69 | -0.45% | -0.9% | 18.6x | 0.52 | $69.5B |
| VSTVISTRA | $163.79 | +3.12% | +13.7% | 14.9x | 1.41 | $55.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.