FirstEnergy Corp (FE) has experienced frequent stock changes though it has often underperformed in the market. The company recently reported its Q1 2024 earnings, coupled with an increase in common stock dividends. In a major shift, FirstEnergy plans to plant over 25,000 trees in 2024, funded by their $26 billion investment plan. This move aligns with their continuous enhancement in service reliability through grid improvements. Moreover, they are set on accelerating their transformation into a leading electric utility company. The firm's Q4 2023 earnings call highlighted a possibility of a 39% undervaluation.
On infrastructure development, tree-trimming work is underway across multiple states to prevent power outages. Late last year, Newsweek listed FirstEnergy as one of America's greatest workplaces. Still, the company has come under scrutiny for an alleged $60 million bribery scheme, which saw several executives fired and indicted. They continue to upgrade substations and the wider electric grid in various counties. Amidst all this, FirstEnergy keeps rewarding its shareholders with dividend hikes.
Firstenergy Corp FE News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sat, 06 Jul 2024 19:19:49 GMT - Rating -9 - Innovation -5 - Information 7 - Rumor -5
