FirstEnergy Corp. (FE) Stock Price & Analysis
FirstEnergy Corp. (FE) closed at USD 46.49 on Thursday, October 22, 2026, up 2.15% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 45.51; the Oct 22, 2026 session ranged USD 45.57–46.54 on volume of 5,369,313 shares. Market capitalization is $26.90B, with a 52-week range of USD 42.67–52.34 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FE.md
Key facts (FE)
- Last four reported quarters (through Jun 30, 2026): revenue $15.8B, net income $1.08B (6.9% margin), free cash flow -$1.95B (SEC filings).
- Total return with dividends: 1Y +4.0% vs S&P 500 +14.9%; 5Y +50.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.9, revenue estimate $4.29B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.1B | $12.5B | $12.9B | $13.5B | $15.1B | $15.8B |
| Operating income | $1.73B | $1.91B | $2.27B | $2.38B | $2.21B | $2.31B |
| Net income | $1.28B | $406M | $1.10B | $978M | $1.02B | $1.08B |
| EPS (diluted) | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 | — |
| Free cash flow | $324M | -$165M | -$1.97B | -$1.14B | -$1.00B | -$1.95B |
| Operating margin | 15.5% | 15.3% | 17.6% | 17.6% | 14.6% | 14.6% |
| Net margin | 11.5% | 3.3% | 8.6% | 7.3% | 6.8% | 6.9% |
| Revenue growth | +3.2% | +11.9% | +3.3% | +4.7% | +12.0% | — |
| Cash + short-term investments | $1.46B | $160M | $137M | $111M | $57.0M | — |
| Total debt | $23.9B | $21.6B | $24.1B | $23.5B | $26.2B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FE)
P/E at fiscal year-ends: Dec 2025 25.4x, Dec 2024 23.5x, Dec 2023 19.1x.
Analysts (FE)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Buy | $50 |
| 2026-10-21 | Morgan Stanley | Target raised | Overweight | $49 → $50 |
| 2026-10-19 | JP Morgan | Target lowered | Neutral | $52 → $50 |
| 2026-10-12 | Barclays | Target lowered | Overweight | $54 → $49 |
| 2026-09-18 | Morgan Stanley | Target lowered | Overweight | $52 → $49 |
| 2026-08-21 | Morgan Stanley | Target lowered | Overweight | $53 → $52 |
| 2026-07-31 | Barclays | Target lowered | Overweight | $55 → $54 |
| 2026-07-20 | Barclays | Target raised | Overweight | $53 → $55 |
Total return (dividends reinvested) (FE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +4.0% | +50.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.0% | +8.6% |
| Volatility (annualized) | 16.3% | 19.4% |
| Max drawdown | -15.4% (Apr 2026→Sep 2026) | -23.7% (Apr 2022→Jun 2022) |
FE revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Distribution | $1.71B | 46.6% | +2.3% |
| Integrated | $1.43B | 39.0% | +13.7% |
| Stand-Alone Transmission | $544.0M | 14.8% | +19.3% |
| Regulated Transmission | $544.0M | 14.8% | +19.3% |
| Total revenue | $3.68B | 100% | — |
FE revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Distribution services and retail generation | $2.79B | 75.8% | +3.3% |
| Transmission | $686.0M | 18.7% | +22.1% |
| Other | $205.0M | 5.6% | +70.8% |
| Transmission | $149.0M | 4.1% | +34.2% |
| Other revenue from contracts with customers | $18.0M | 0.5% | -10.0% |
| Other revenue unrelated to contracts with customers | $17.0M | 0.5% | -15.0% |
| Wholesale | $5.0M | 0.1% | +66.7% |
| Total revenue | $3.68B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.90 | $0.93 | -3.0% | $4.29B | 11 |
| Next quarter (ends Dec 2026) | $0.62 | $0.60 | +3.1% | $3.83B | 9 |
| Current fiscal year (ends Dec 2026) | $2.73 | $2.74 | -0.1% | $15.87B | 14 |
| Next fiscal year (ends Dec 2027) | $2.95 | $2.95 | -0.2% | $16.77B | 16 |
FE options: expected move
Options price a move of about ±3.9% (±$1.80) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±2.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 16.5% | ±3.9% |
| Dec 18, 2026 | 56 | 30.4% | ±9.5% |
| Jan 15, 2027 | 84 | 19.4% | ±7.4% |
| Mar 19, 2027 | 147 | 18.9% | ±9.6% |
| Apr 16, 2027 | 175 | 19.9% | ±10.8% |
| Jun 17, 2027 | 237 | 20.2% | ±13.0% |
| Sep 17, 2027 | 329 | 17.2% | ±12.9% |
30-day implied volatility 19.7% vs 16.3% realized over the last 30 trading days. Put/call ratio (volume) 0.88. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:03 UTC)
| Price | USD 46.49 |
|---|---|
| Change | ▲ 2.15% (up) |
| Previous Close | USD 45.51 |
| Open | USD 45.67 |
| Day Range | USD 45.57 – 46.54 |
| 52-Week Range | USD 42.67 – 52.34 |
| Volume | 5,369,313 shares |
| Market Cap | $26.90B |
| Exchange | NYQ |
Technical Analysis (FE)
Nexqual's technical model rates FE "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 10:03 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 60.16 (neutral) |
| vs SMA50 | Above (USD 45.51) |
| MACD | 0.2 (positive) |
Earnings (FE)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 0.9 |
| Revenue Estimate | $4.29B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.5 vs est 0.5 ▼ miss |
| 2026-03-31 | USD 0.72 vs est 0.72 ▲ beat |
| 2025-12-31 | USD 0.53 vs est 0.53 ▼ miss |
| 2025-09-30 | USD 0.83 vs est 0.77 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:03 UTC.
Financials & Fundamentals (FE)
| Total Revenue | $15.64B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.80% |
| Gross Margin | +68.61% |
| Operating Margin | +19.30% |
| Profit Margin | +6.94% |
| ROE | +9.49% |
| Debt / Equity | 2.01 |
| Current Ratio | 0.54 |
| Total Cash | $63.00M |
| Total Debt | $28.98B |
Source: Nexqual, October 23, 2026 at 10:03 UTC.
Ownership (FE)
| Insider Ownership | +0.14% |
|---|---|
| Institutional Ownership | +95.87% |
| Shares Outstanding | 578.64M |
| Float | 548.27M |
| Short % of Float | +7.35% |
Source: Nexqual, October 23, 2026 at 10:03 UTC.
From FirstEnergy Corp.'s Latest SEC 10-K Filing (filed 2026-02-18)
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory agencies may also require utilities to offset portions of rising costs related to grid modernization, resilience investments, environmental compliance, or rapidly evolving market conditions if they determine that such costs would unduly affect customer affordability.
- We could be subject to higher costs and/or penalties related to mandatory reliability standards set by NERC, FERC, and RFC or changes in the rules of organized markets, which could have an adverse effect on our financial condition.
- Our operations are subjected to audit by FERC, NERC and RFC, which may conduct routine or special audits and issue requests designed to ensure compliance with applicable rules, regulations, policies and procedures.
- We may be allocated a portion of the cost of transmission facilities built by others due to changes in RTO transmission rate design.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CNP | CenterPoint Energy, Inc (Holdin | USD 41.2 | ▲ 2.18% |
| PPL | PPL Corporation | USD 35.35 | ▲ 2.23% |
| DTE | DTE Energy Company | USD 133.06 | ▲ 2.63% |
| ES | Eversource Energy (D/B/A) | USD 67.84 | ▲ 3.41% |
| FTS | Fortis Inc. | USD 57.88 | ▲ 3.41% |
| AEE | Ameren Corporation | USD 108.94 | ▲ 2.31% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:03 UTC. This page is informational and not investment advice.
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