FirstEnergy (FE)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$46.77-0.57%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
Warn: Primary pillar under pressure — Maintain 2026 Core EPS guidance of $2.62 to $2.82: FY26 EPS guidance $2.62-$2.82 vs $2.62 target.
FirstEnergy plans to earn about $2.7 per share in 2026. It aims to grow earnings 6-8% yearly through 2030. New rate plans could boost revenue by $400 million. A partnership with Brookfield may improve its transmission assets.
Legal and regulatory problems could hurt earnings and reputation. Rate plan approvals face challenges. Earnings growth may slow if these issues worsen.
The price matches our fair value near $48. Analysts expect about 4% revenue growth. Our fair value is 7% below the Street median, showing some caution.
Breaks if: EPS falls below $2.62 in FY26
Breaks if: EPS CAGR falls below 6% over 2026-2030
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable utility with a focus on long-term growth. The current thesis is characterized by a mixed execution quality but strong recent financial performance, suggesting cautious optimism.
The market seems to be pricing in a neutral valuation, reflecting a slight expectation gap. FirstEnergy is considered cheap compared to its peers, but the fragility in execution quality and sector turbulence is acknowledged.
Management has reaffirmed its earnings guidance and long-term growth targets, indicating a commitment to stability. Recent financial results align with these expectations, although there is a low probability of missing future guidance.
The thesis hinges on management's ability to maintain guidance and execute its capital investment program. Additionally, external factors like Federal Reserve rate changes and performance of sector peers could significantly influence outcomes.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The latest earnings beat strengthens the read on FE. However, a potential rate increase from JCP&L could challenge the execution of its capital investment program.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
FirstEnergy is committed to a long-term Core EPS CAGR near the top end of 6-8% from 2026 to 2030.
Breaks if: Regulatory rulings materially reduce earnings guidance
Breaks if: Revenue growth falls below 4% next year
Breaks if: Partnership fails to improve transmission assets materially
Overall, FirstEnergy's multi-year view is shaped by stable management and execution against a backdrop of sector headwinds. Not investment advice.