FirstEnergy Corp. (0IPB)
Summary
0IPB Chart
Can FirstEnergy's Grid Investments Drive Long-Term Earnings Growth?
FirstEnergy's $36B grid plan targets 10% annual rate base growth and 6-8% EPS growth through 2030 while strengthening reliability.
FirstEnergy: Cheap And With Potential To Grow
FirstEnergy Corp. remains a compelling 'buy' in the utility sector, supported by strong growth, attractive valuation, and low leverage. FE's revenue and EBITDA are rising, with Q1 2026 revenue up 11.6% and EBITDA expanding from $1.20B to $1.44B year-over-year. Management projects $36B in investments from 2026–2030, targeting 6–8% annual EPS growth, driven by robust data center demand.
Is FirstEnergy Set to Benefit From Surging Data Center Demand?
FE's rising data center pipeline and Energize365 grid investments fuel long-term demand growth, earnings visibility and shareholder returns.
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FirstEnergy Corp. Profile
| Electric Utilities Industry | Utilities Sector | Brian X. Tierney CEO | LSE Exchange | 337932107 CUSIP |
| US Country | 12,294 Employees | 1 Jun 2026 Last Dividend | 4 Apr 2003 Last Split | 10 Nov 1997 IPO Date |
Overview
FirstEnergy Corp., established in 1996 with its headquarters in Akron, Ohio, is a powerful player in the United States electricity market. The company, through its subsidiaries, is engaged in the generation, transmission, and distribution of electricity. It operates across various states including Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York, catering to approximately 6 million customers. Its operations are segmented into Regulated Distribution and Regulated Transmission, allowing the company to manage its extensive network efficiently. FirstEnergy stands out for its diversified energy production portfolio, including coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities, showcasing the company's commitment to serving its vast customer base with a mix of energy sources.
Products and Services
- Electricity Generation
FirstEnergy generates electricity using a diverse mix of sources. These include coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. This diversification ensures a reliable supply of electricity while also incorporating renewable and clean energy sources.
- Electricity Transmission
The company owns and operates approximately 24,080 circuit miles of overhead and underground transmission lines. These high-voltage lines are crucial for transporting electricity from power plants to substations before it is distributed to customers.
- Electricity Distribution
FirstEnergy's distribution network includes about 274,518 miles of overhead pole line and underground conduit. This network carries primary, secondary, and street lighting circuits, ensuring electricity reaches homes, businesses, and public spaces in the communities it serves.
