FirstEnergy Corp. (FE) Stock Prediction

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FirstEnergy is an electrical company based in Akron, Ohio. It is one of the largest investor-owned electrical systems in the country, with 10 regulated subsidiaries. The company has less control capacity than 4,000 MW. Fe’s focus is on transmission and distribution. However, the company sells part of its power transmission business. The company serves more than 6 million customers, including 2.3 million in Ohio, 1.8 million in Pennsylvania and another 2 million in WV, MD and NJ. In 2024, revenue was $13.5 billion, of which 50% came from distribution operations and 36% from integrated utilities.

We consider the company to be at a disadvantage against its colleagues given its heavily reliant on coal production. Of the 2024 generation capacity, 3,200 MW comes from coal-fired plants, with the remaining energy coming from hydropower and the sun. FE has pledged to double its GHG emissions by 30% (from its 2019 baseline).