FirstEnergy Corporation logo

FirstEnergy Corporation(FE)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$43.3
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for FE

09/25/2026: FE (2-star) is currently NOT-A-BUY. Pass it for now.

FirstEnergy is a large, regulated electric utility providing essential transmission and distribution services across the Midwestern and Mid-Atlantic United States. The company benefits from a stable, rate-regulated business model that generates predictable cash flows, making it an attractive option for income-focused investors. Growth is driven primarily by grid modernization and rising electricity demand from data centers and industrial electrification. However, investors must consider the risks associated with its historical regulatory challenges, high debt levels, and the cost of maintaining expansive infrastructure. Monitoring the company's execution of capital programs and its ongoing efforts to maintain constructive regulatory relationships remains essential for tracking long-term performance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers utility-sector growth linked to infrastructure investment rather than high-growth tech expansion.
Momentum investorWeak fitAs a stable utility stock, it rarely exhibits the explosive price action sought by momentum traders.
Value investorStrong fitThe stock is often evaluated based on stable cash flows, dividend yield, and book value common in utility value plays.
Dividend investorStrong fitThe company provides a reliable dividend stream typical of regulated utilities suitable for income-focused portfolios.
Low-risk investorStrong fitRegulated utilities typically offer lower beta and lower volatility compared to the broader market.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowUtility stocks generally exhibit lower price sensitivity to market swings than the broader indices.
Valuation riskMediumValuation is tied to interest rate environments and authorized returns on equity.
Competition risk (regional utility monopolies)LowThe regulated nature of the business limits direct price competition in core markets.
Business qualityMedium / highThe company possesses a stable, long-term asset base in essential services.
Dividend incomeMediumDividend sustainability depends on the regulatory environment and payout ratios.
Execution riskMediumSuccessfully executing large capital expenditure programs is critical for rate base growth.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 9.8%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
FE receives a 3-star rating, supported by solid quantitative characteristics, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
FE has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, moderate earnings growth (+4.3%) and solid revenue growth (+12.0%) are partially offset by soft cash generation (FCF margin -6.7%), soft profitability (net margin 6.8%), very low insider ownership of 0.14%.

Financial Health Rating

★★★★★
FE's financial health is supported by solid cash strength, including free-cash-flow generation of $-1.0B (-6.7% of revenue). Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is FE's strongest growth driver at +12.0% FY2025 versus FY2024 (solid, 4 stars). Earnings growth (+4.3%, moderate) and free-cash-flow growth (+11.8%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 95.6% and approximately 94.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.14%, which materially reduces the ownership score.

Top 5 Institutional Investors

Capital World Investors 13.45%
BlackRock Inc 8.47%
State Street Corp 7.02%
Vanguard Capital Management, LLC 6.00%
Blackstone Inc 4.98%

Unit Economics (Per $1K Revenue)

★★★★★
FE generates approximately $548 of gross profit, $188 of operating income, and $-67 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 18.47%

Quantitative Style Profile

★★★★★
FE has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 25.05B USD
Price to earnings Ratio 23.16
1Y Target Price 52.92
Price to earnings Ratio 23.16
1Y Target Price 52.92
Volume (30-day avg) 3.9M shares
Beta 0.44
52 Weeks Range 42.60 - 51.30
Updated Date 09/26/2026
52 Weeks Range 42.60 - 51.30
Updated Date 09/26/2026
Dividends yield (FY) 4.17%
Basic EPS (TTM) 1.87

How Company Makes Money

Business areaWhat it includesRetail investor read
DistributionDelivery of electricity to retail customers in OH, PA, NJ, WV, and MD.Steady income earned by delivering power through local grids.
TransmissionOwnership and operation of high-voltage transmission infrastructure.Long-term contracts that provide stable, regulated utility returns.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 23.16
Forward PE 14.75
Enterprise Value 54.18B
Price to Sales(TTM) 1.6
Enterprise Value 54.18B
Price to Sales(TTM) 1.6
Enterprise Value to Revenue 3.42
Enterprise Value to EBITDA 12.24
Shares Outstanding 578.43M
Shares Floating 548.27M
Shares Outstanding 578.43M
Shares Floating 548.27M
Percent Insiders 0.14
Percent Institutions 95.65

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About FirstEnergy Corporation

Exchange NYSE
Headquarters Akron, OH, United States
IPO Launch date 1997-11-10
CEO, President & Chairman Mr. Brian X. Tierney
Sector Utilities
Industry Utilities - Regulated Electric
Full time employees 11186
Full time employees 11186

FirstEnergy Corp., together with its subsidiaries, engages in the generation, distribution, and transmission of electricity in the United States. It operates through Distribution, Integrated, and Stand-Alone Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. The company operates 252,959 distribution line miles and 24,157 transmission line miles, including overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.