Powering Profits: Utility Stocks That Shine in Volatility
The market leaves investors with plenty of hints when volatility spikes, and recently, after the technology sector's shaky price action, it looks like the sentiment is clear. Not only that, but the tariffs being implemented by President Trump have created a volatile environment for the foreseeable future.
FirstEnergy: This Utility Is Very Attractively Priced
FirstEnergy Corp. is a major regulated electric utility serving 6 million customers across the Midwest and Mid-Atlantic, with a $47.52 billion enterprise value. Despite a 10.50% stock rise, FirstEnergy underperformed the S&P 500 and U.S. Utilities Index over 14 months, which saw over 30% gains in the same period. FirstEnergy's $26 billion capital spending plan (2024-2028) aims to meet rising electricity demand, especially from AI data centers, promising future revenue growth.
FirstEnergy Rides on Growing Regulated Base & Investments
FE's focus on infrastructure upgrades should further boost its service reliability and improve overall performance.
FirstEnergy PA Gets Approval for Infrastructure Improvement Plans
FE Pennsylvania receives approval to implement phase three of its LTIIP. It will focus on improving service reliability through grid modernization and system resiliency.
FirstEnergy Benefits From Investments & Infrastructure Upgrade
FE's focus on infrastructure upgrades should further boost its service reliability and improve overall performance.
FirstEnergy (FE) Up 1.1% Since Last Earnings Report: Can It Continue?
FirstEnergy (FE) reported earnings 30 days ago. What's next for the stock?
FirstEnergy Corp. (FE) Q3 2024 Earnings Call Transcript
FirstEnergy Corp. (NYSE:FE ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Gina Caskey - Director, Investor Relations & Corporate Responsibility Brian Tierney - President and Chief Executive Officer Jon Taylor - Senior Vice President, Chief Financial Officer and Strategy Conference Call Participants Shahriar Pourreza - Guggenheim Securities Nick Campanella - Barclays David Arcaro - Morgan Stanley Steve Fleishman - Wolfe Research Michael Lonegan - Evercore ISI Anthony Crowdell - Mizuho Securities Angie Storozynski - Seaport Global Paul Patterson - Glenrock Associates Sophie Karp - KeyBanc Capital Markets Andrew Weisel - Scotia Howard Weil Paul Fremont - Ladenburg Thalmann Operator Hello, and welcome to the FirstEnergy Corp. Third Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded.
FirstEnergy Misses on Q3 Earnings and Sales, Lowers '24 EPS View
FE third-quarter earnings and revenues lag estimates due to higher storm restoration costs. The company will maintain its five-year capital expenditure plan.
FirstEnergy (FE) Lags Q3 Earnings and Revenue Estimates
FirstEnergy (FE) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago.
FirstEnergy misses quarterly profit estimates, narrows forecast
Utility firm FirstEnergy missed third-quarter profit estimates on Tuesday, hurt by higher storm restoration expenses and lower tax benefits.
FirstEnergy to Release Q3 Earnings: Here's What You Need to Know
FE's third-quarter 2024 results are expected to benefit from the enhancement of service reliability and the installation of a new transformer at its substation.
FirstEnergy (FE) Reports Next Week: Wall Street Expects Earnings Growth
FirstEnergy (FE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
