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Price updated todayFinancials updated Oct 27, 2026
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FE · Price history
Price at last available close
$46.27
+$3.25 (+7.55%) 1M
2026-10-27
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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
FirstEnergy Corp. is an American utility company that, through its subsidiaries, provides comprehensive electricity services, encompassing generation, transmission, and distribution throughout the United States. Its operations are structured into Regulated Distribution and Regulated Transmission segments. The company leverages a diverse portfolio of power sources, operating facilities that produce electricity from coal, nuclear, hydroelectric, natural gas, wind, and solar technologies.
How they make money
FirstEnergy Corp. is a regulated electric utility holding company that generates revenue primarily through the transmission, distribution, and regulated generation of electricity. It operates through a portfolio of utility subsidiaries that provide essential electric services to residential, commercial, and industrial customers across several states.
Products & services
Electric utility services including the transmission, distribution, and regulated generation of electricity.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Unnamed — The company relies on various third-party suppliers for equipment, materials, and fuel necessary for utility operations, though specific supplier names are not disclosed in the annual report.Source
Competitors
American Electric Power Company, Inc. — A major electric utility company operating in similar geographic regions and providing comparable regulated electric services.Source
Duke Energy Corporation — A large electric utility holding company that competes in the broader energy and utility services market.Source
Strengths
Regulated utility business model providing stable and predictable cash flows.Source
Extensive transmission and distribution infrastructure across multiple states.Source
Risks
Regulatory and legislative risks associated with rate-setting processes and environmental compliance.Source
Operational risks related to severe weather events and infrastructure reliability.Source
Overall investment score · Quality, value, risk and opportunity
27
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
48
Weak
Financial Strength
45
Business Quality / Moat
52
Management
44
Growth Quality
41
Risk / Durability
64
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
36
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
42/100
Building Historical Record
Model Score 42/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
No strong positive signal is being highlighted from the currently available summary data.
What to watch
•Elevated debt risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for FE
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can FE maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can FE fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Is FE's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What future growth or profitability would be needed to justify FE's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FE
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Elevated debt risk
Total debt is at least one year of revenue • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on FE.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Regulated utility business model providing stable and predictable cash flows.
+Extensive transmission and distribution infrastructure across multiple states.
Potential downside factors
−Debt risk (elevated): Total debt is at least one year of revenue.
−Free cash flow is negative.
−Cash covers less than 20% of total debt.
−Regulatory and legislative risks associated with rate-setting processes and environmental compliance.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak27/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
45
Debt Cost4.2%
Debt Reduction YoY-11.6%
Debt / Equity2.16x
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Revenue
Poor
24
Revenue YoY4.9%
Revenue CAGR8.3%
Net Margin6.9%
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Asset
Fair
60
Asset Growth YoY7.4%
Liquidation/Share$24.96
Net Assets/MCap1.10x
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Capital
Poor
17
Earnings Yield4.1%
Buyback Yield0.0%
Debt Cost4.2%
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Management
Weak
44
ROIC5.5%
ROE8.4%
ROA1.9%
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Moat
Fair
52
EPS Growth7.7%
FCF/Share Growth—
Rev/Share Growth4.5%
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Valuation
Poor
16
Intrinsic Value$40.67
Value Reference$24.40
MOS-13.1%
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Buffett
Weak
41
Revenue24
Moat52
Valuation16
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MOS
Poor
0
MOS %-13.1%
Value Reference$24.40
Deep Discount Reference$16.27
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Financial
Poor
16
Interest Coverage2.5x
ROIC5.5%
FCF Yield-3.8%
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Master
Poor
22
Financial16
Valuation16
Debt45
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Resilience
Poor
19
Survival Years0.1 yrs
Current Ratio0.57x
FCF Margin-6.7%
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Score Changes
8 historical score records available
Previous Score
28
Oct 21, 2026
Change
-0.1
points
Current Score
27
Oct 27, 2026
Category Changes
Revenue0
Debt0
Assets-0.2
Capital0
Management0
Moat0
Valuation0
Buffett-0.1
FE decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
30
Projected Change
+2.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.2 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$15.82B
$15.09B
$13.47B
$12.87B
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Cost of Revenue
$7.37B
$6.83B
$4.38B
$4.65B
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Gross Profit
$8.46B
$8.27B
$9.10B
$8.22B
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$1.82B
$0.00
$0.00
$78.0M
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Operating Expenses
$5.52B
$5.43B
$6.72B
$5.96B
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EBITDA
$4.36B
$4.31B
$4.10B
$3.77B
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Operating Income
$2.94B
$2.83B
$2.38B
$2.27B
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Interest Expense
$1.24B
$1.14B
$1.01B
$1.03B
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Income Before Tax
$1.66B
$1.56B
$1.50B
$1.46B
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Income Tax Expense
$304.0M
$288.0M
$377.0M
$267.0M
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Net Income
$1.09B
$1.02B
$978.0M
$1.10B
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Basic EPS
$1.88
$1.77
$1.70
$1.92
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Basic Shares
578M
577M
575M
573M
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Diluted Shares
579M
578M
577M
574M
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$3.68B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.50
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+12.3%
Cash Change
-88.9%
Margin Change
-0.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
Margins contracted
Cash position declined
Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth. Pressure indicators included cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 8.8%. EPS increased 8.7%. Cash declined 88.9%. Total debt increased 12.3%. Net income margin declined by 0.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.