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FE

FirstEnergy

NYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-05-08

$44.33-1.86%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, FE has a composite score of 24.7 and a signal label of "mild favorable." This score is driven by a high confidence level of 83.8, with notable strengths in valuation (69.0) and quality (63.7). However, the sector score is weak at -0.7, and macro factors such as rates, labor, inflation, and growth are identified as top drivers influencing the overall assessment.

Composite +25as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    -0.13
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
612646830287
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$44.33
TTM EPS
$2.39
Earnings yield
5.4%
P/E (TTM)
18.5

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
robust
Top 20% cash conversion in utilities cohort
Why this rank
TTM NI ($M)
978
TTM CFO ($M)
2,891
CFO/NI
2.96
L2

Watch

has something changed worth re-reading?
F4 · Management stability
Insufficient data
No score yet
Earnings setup · pre-print positioning
forward-looking
bullish strongEPS revised +6.9% / 30d, n=8for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $0.55 → $0.58 (+6.9% / 30d). 3 raised, 0 cut, 8 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 1 maintained. 47% of analysts rate Buy.

Price target activity

2 PT revisions / 30d. Avg target 8.7% above current price.

Material events

0 positive, 0 negative / 30d.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
1

Recent 8-K events

No recent events recorded.

2

Stated priorities

2 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Reaffirm long-term EPS growthgrowthbehind0% progress
    4/28: Reaffirming Long-Term Core EPS(1) CAGR near the top end of 6-8% (2026-2030).
    Why this status

    Stated in 3 of last 3 quarters. Despite reaffirming the long-term EPS growth target of 6-8% CAGR, financials show mixed results: net income decreased from $441M in 2025-Q3 to $16M in 2025-Q4. Persistent statement, limited substantive delivery this quarter.

  2. 2.Maintain 2026 Core Earnings guidancegrowthbehind0% progress
    4/28: FirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share.
    Why this status

    Stated in 3 of last 3 quarters. The company maintains its 2026 EPS guidance of $2.62 to $2.82, but recent financials show a decline in net income from $441M in 2025-Q3 to $16M in 2025-Q4. Recurring focus, narrow delivery so far.

3

Guidance track record

Last 8 quarters of EPS guidance with actuals.

7 inside, 1 miss
Per-quarter detail
PeriodGuidanceActualResult
2022-09-30$0.70 – $0.80$0.79inside
2023-03-31$0.56 – $0.66$0.60inside
2023-06-30$0.40 – $0.50$0.47inside
2023-09-30$0.80 – $0.90$0.88inside
2024-03-31$0.48 – $0.58$0.55inside
2024-06-30$0.50 – $0.60$0.56inside
2024-09-30$0.85 – $0.95$0.85inside
2024-12-31$2.61 – $2.71$0.67miss

Beat / inside / miss is computed from the guided range when issued; for point-estimate quarters a ±5% tolerance band around the mid is used. surprise_pct_vs_mid is unstable when guided EPS is near zero, so it is not surfaced as a headline.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −15%, typical day ±0.7%
Why this risk level

Recent vol — 30d annualized 19%; 252d 15%.

Drawdown — Max 1y −15%. Bad day move −2%.

Beta to sector ETF (XLU) 0.03 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 75/100, drawdown 71/100, beta 3/100, earnings vol .

Calm + bullish setup — clean pre-earnings positioning pattern.

Sector regime
headwind-6.6%sector vs S&P 500, 60d

via XLU

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite62.0 / 100
Capital allocation46
Earnings discipline60
Margin discipline68
Balance sheet82
Guidance credibility70
Post-call reaction39

Met or beat guidance 63% of the last 8 guided quarters · -7.9% avg surprise

as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Reaffirm long-term EPS growth

    GrowthNew since 2026-05-04

    FirstEnergy aims to achieve a long-term Core EPS CAGR near the top end of 6-8% from 2026 to 2030.

    Behind

    Stated in 3 of last 3 quarters. Despite reaffirming the long-term EPS growth target of 6-8% CAGR, financials show mixed results: net income decreased from $441M in 2025-Q3 to $16M in 2025-Q4. Persistent statement, limited substantive delivery this quarter.

    0%
    CEO/CFO:Reaffirming Long-Term Core EPS(1) CAGR near the top end of 6-8% (2026-2030).
    Multiple sourcesSource dated 2026-04-28Stated 3 of last 8 quartersFirst seen 2026-05-04
    Show history (3)
    • 2026-Q1Multiple sources

      Reaffirming Long-Term Core EPS(1) CAGR near the top end of 6-8% (2026-2030).

    • 2025-Q4Multiple sources

      its 6-8% Core EPS CAGR through 2029, guiding to the upper half of the range.

    • 2025-Q3Multiple sources

      FirstEnergy also affirmed its 6-8% compounded annual Core Earnings growth rate target from 2025 through 2029.

  • #2

    Maintain 2026 Core Earnings guidance

    GrowthNew since 2026-05-04

    FirstEnergy reaffirms its 2026 Core Earnings guidance of $2.62 to $2.82 per share.

    Behind

    Stated in 3 of last 3 quarters. The company maintains its 2026 EPS guidance of $2.62 to $2.82, but recent financials show a decline in net income from $441M in 2025-Q3 to $16M in 2025-Q4. Recurring focus, narrow delivery so far.

    0%
    CEO/CFO:FirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share.
    Multiple sourcesSource dated 2026-04-28Stated 3 of last 8 quartersFirst seen 2026-05-04
    Show history (3)
    • 2026-Q1Multiple sources

      FirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share.

    • 2025-Q4Multiple sources

      FirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share.

    • 2025-Q3Multiple sources

      FirstEnergy initiated 2026 Core (non-GAAP) Earnings guidance of $2.62 to $2.82 per share.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
82higher = cheaper

Looks cheaper than most peers in the same business.

Compared to its own history
86higher = cheaper

Cheaper than its own typical valuation.

P/E
17.4x
EV/EBITDA
FCF yield
-10.2%

P/E over the last 5 years

71 monthly points
fairas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
FE
FirstEnergy
+25fairmoderate
NEE
NextEra Energy
+19fullmoderate
CEG
Constellation Energy
+16fullelevated
SO
Southern Company
+19fairmoderate
DUK
Duke Energy
+28inexpensivemoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
0.7%
A bad day (95th %ile)
A rough but not unusual down day.
-1.6%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-14.6%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If utilities sector trend rises from -0.04 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-28)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-04-28)-8.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
  • If utilities sector trend falls from -0.04 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-2811d agoItem 2.02

    Results of Operations and Financial Condition On April 28, 2026, FirstEnergy Corp. (“FirstEnergy” or the “Company”) issued a news release (the “Release”) announcing its financial results for the three months ended March 31, 2026. A copy of the Release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Company has presented certain financial information in accordance with U.S. generally accepted accounting principles (“GAAP”) and also on…

    earnings preannouncementneutralscore 51
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-18 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.