FirstEnergy Corp. (FE) has been reporting strong financial results; surpassing Q1 2025 expectations with $0.62 EPS and $3.8 billion revenue, beating Q1 earnings and revenues estimates, and revealing a rise in Q1 profit. Other important news includes FirstEnergy increasing its dividend and receiving upgrades and revised price targets from B of A Securities, Scotiabank, Wells Fargo, and Goldman Sachs. The company has been recognized for strategic growth during earnings calls, and made significant executive appointments to bolster operations. FirstEnergy's subsidiary JCP&L has embarked on notable investments, including a $202.5M allocation to enhance New Jersey's Grid. The company's other initiatives includes EnergizeNJ infrastructure upgrade program and a $50 Million Smart Grid grant from the U.S. Department of Energy. However, Q4 2024 resulted in missed earnings and revenues estimates, leading to a dip in stock. A settlement agreement with the U.S. Securities and Exchange Commission was also announced.FirstEnergy continues to invest in grid enhancements and customer programs for continuous reliability.
Firstenergy Corp FE News Analytics from Wed, 24 Jul 2024 07:00:00 GMT to Sat, 26 Apr 2025 12:08:12 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -4
