Investors Take Note: Short Interest in FirstEnergy Corp on the Rise
January 4, 2023
Trending News ☀️
FIRSTENERGY ($NYSE:FE): FirstEnergy Corp is a diversified energy company that provides electricity and energy services to customers in the Midwest and Mid-Atlantic United States. The company also owns power generation businesses, including nuclear, coal, oil, gas and renewable energy sources. FirstEnergy Corp is headquartered in Akron, Ohio and trades on the New York Stock Exchange under the symbol FE. Recently, investors have been taking note of the rising short interest in FirstEnergy Corp stock. Short interest is the total number of shares sold short as a percentage of the total shares outstanding. When this number increases, it indicates that investors are becoming less bullish on the stock and are selling it off. Analysts attribute the rise in short interest to a number of factors, including concerns about the company’s debt levels and its ability to achieve its financial targets.
The company has also had to face a number of legal issues, including an investigation into its accounting practices. This has caused investors to become wary of the stock and has led to a drop in its share price. Despite the current challenges facing FirstEnergy Corp, analysts are optimistic about the stock’s long-term prospects. The company has a strong balance sheet, a diversified portfolio of generating assets and a management team with a track record of success. If the company can address its current issues and meet its financial targets, then the stock could be poised for a turnaround.
Stock Price
Right now the news appears to be mostly positive, as on Tuesday, FirstEnergy Corp stock opened at $42.0 and closed at $42.0, up by 0.2% from the previous closing price of 41.9. This could be an indication that investors are bullish on the company’s future prospects. Short interest is a common metric used by investors to gauge investor sentiment about a particular stock. It is calculated by measuring the number of shares sold short as a percentage of the total number of shares outstanding. A higher short interest indicates that more investors are betting that the stock will soon decline in value. Given the current short interest in FirstEnergy Corp, it may be a good time for investors to consider taking a closer look at the company.
It provides electricity services to millions of customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. In addition to its regulated energy business, FirstEnergy Corp is also active in other areas such as its unregulated generation business, which produces electricity from coal, natural gas, oil, nuclear and solar sources. It also has investments in renewable energy projects and is actively involved in energy efficiency projects. Its diversified operations, coupled with its involvement in renewable energy and energy efficiency projects, could make it an attractive investment for those looking for long-term returns. 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 |
| 11.94k | 1.24k | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Firstenergy Corp. More…
| Operations | Investing | Financing |
| 2.54k | -2.75k | -200 |
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 |
| 44.85k | 33.61k | 18.84 |
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 |
| 2.6% | -2.2% | 21.2% |
| FCF Margin | ROE | ROA |
| 0.7% | 14.6% | 3.5% |
VI Analysis
FIRSTENERGY CORP is a company whose fundamentals reflect its long term potential. According to the VI Star Chart, FIRSTENERGY CORP has an intermediate health score of 5/10, indicating that it may be able to pay off debt and fund future operations. FIRSTENERGY CORP is classified as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. This makes it an attractive investment for a number of different types of investors. For income investors, FIRSTENERGY CORP’s strong dividend makes it an attractive option. Its consistent and sustainable dividends provide investors with a steady stream of income. Those looking for long-term capital appreciation may also be interested in FIRSTENERGY CORP, as its profitability and debt-to-equity ratio demonstrate its ability to generate returns over the long term. FIRSTENERGY CORP’s weakest point is its asset growth, which is below the industry average. However, this should not be seen as a major deterrent for investors, as the company has shown the ability to generate returns despite this. Additionally, FIRSTENERGY CORP’s strong profitability and dividend make up for this weakness in asset growth. All in all, FIRSTENERGY CORP is an attractive investment option for a number of different types of investors. Its intermediate health score, consistent and sustainable dividends, and strong profitability make it an attractive option for those looking for both income and long-term capital appreciation. More…
VI 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) is an energy holding company based in Ohio that provides energy generation, transmission, and distribution services to its customers. Investors should take note of the company as short interest in FE’s shares has been on the rise. The increasing interest in shorting FE’s stock could be a sign that investors are expecting the company’s performance to decline. Before making any investment decisions, investors should analyze the company’s financials, management team, and industry trends to assess the risk associated with investing in the company.
Additionally, investors should keep an eye on the news surrounding the company to stay informed of any changes that could affect its stock price.
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