FirstEnergy Corp. Stock Drops Tuesday Despite Market Uptick
December 6, 2023
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FIRSTENERGY ($NYSE:FE): On Tuesday, FirstEnergy Corp. stock experienced a decrease in value despite the rest of the market experiencing a notable uptick. FirstEnergy Corp. is an American energy company engaged in the generation, transmission, and distribution of electricity. Its headquarters are in Akron, Ohio and the company operates in several states including New Jersey, Ohio, Pennsylvania, West Virginia, and Maryland. It is listed on the New York Stock Exchange under the ticker symbol FE. FirstEnergy Corp. has a range of energy related services and products such as electricity generation, transmission, and distribution; retail energy sales; energy efficiency programs; and competitive energy services.
It also owns and operates natural gas, oil, and coal-fired generation facilities. Despite its diverse portfolio of services, the company is facing an array of operational and financial challenges which have caused its stock to decline. When compared to the market on Tuesday, FirstEnergy Corp. was not able to keep up with the broader trend of increasing stock prices. The company’s performance did not reflect the positive sentiment in the market and may be indicative of its current challenges.
Price History
Tuesday was a difficult day for FIRSTENERGY CORP stock, as it opened at $37.2 and closed at $37.0, representing a 0.3% decrease from the prior closing price of $37.2. The decrease in FirstEnergy’s stock was likely due to the company’s lack of growth and profitability recently. Investors remain concerned about the company’s future prospects, particularly given the uncertainties surrounding the US energy industry. The company will likely need to make changes to its operations and focus on improving its financial health if it wants to regain investor confidence and move its stock price higher. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Firstenergy Corp. More…
| Total Revenues | Net Income | Net Margin |
| 12.9k | 524 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Firstenergy Corp. More…
| Operations | Investing | Financing |
| 1.27k | -3.55k | 2.14k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Firstenergy Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 47.47k | 36.53k | 18.25 |
Key Ratios Snapshot
Some of the financial key ratios for Firstenergy Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 20.1% | 19.9% |
| FCF Margin | ROE | ROA |
| -14.7% | 15.3% | 3.4% |
Analysis
GoodWhale has conducted an analysis of FIRSTENERGY CORP‘s wellbeing and found that it has been classified as a ‘rhino’, a type of company that is seen to have achieved moderate revenue or earnings growth. This type of company may be attractive to investors that are looking for more stable returns, such as those that are more focused on capital preservation. FIRSTENERGY CORP’s intermediate health score of 4/10 indicates that its financials are sound, with no risk of bankruptcy. Additionally, the company has strong profitability, medium dividend results, and weak asset and growth metrics. Overall, FIRSTENERGY CORP is in an overall good condition with no immediate risks to its financials. Investors that are looking for a stable return on their investments may find this company attractive. More…
Peers
FirstEnergy Corp is an electric utility company that serves customers in the Mid-Atlantic and Midwest United States. The company’s competitors include Fortis Inc, CenterPoint Energy Inc, and American Electric Power Co Inc.
– Fortis Inc ($TSX:FTS)
Fortis Inc. is a large holding company that owns several utilities companies across North America. It has a market cap of $24.59 billion as of 2022 and a return on equity of 8.51%. The company’s businesses include electricity generation, transmission and distribution, natural gas distribution, and power marketing. Fortis also owns a small but growing renewable energy business.
– CenterPoint Energy Inc ($NYSE:CNP)
CenterPoint Energy Inc is an energy delivery company. The Company operates in three segments: Electric Transmission & Distribution, Natural Gas Distribution and Pipeline & Field Services. It also provides other services to utilities and energy facilities.
– American Electric Power Co Inc ($NASDAQ:AEP)
American Electric Power Company, Inc. (AEP) is a public utility holding company that engages in the generation, transmission, and distribution of electricity in the United States. It is one of the largest electric utilities in the United States with more than 5 million customers. The company has a market capitalization of $44.13 billion as of 2022 and a return on equity of 10.57%. AEP’s operations are conducted through its subsidiaries, which include Appalachian Power Company, AEP Ohio, Indiana Michigan Power Company, Columbus Southern Power Company, and AEP Texas. The company generates electricity from coal, natural gas, nuclear, and renewable sources.
Summary
FirstEnergy Corp. (FE) saw its stock decline Tuesday, as it underperformed the larger market. This has caused many investors to be concerned about the company’s performance. Analysts are warning that investors should be cautious with the stock, given its recent underperformance. They are closely monitoring the company’s financials, as well as its operational and management performance.
They are also looking at the company’s competitive environment, which could be a factor in its recent decline. Investors should have an eye to the future, as FirstEnergy’s recent struggles may not be indicative of its long-term prospects. It may be a wise strategy to remain patient with the stock, and monitor its performance in order to make an informed investment decision.
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