FirstEnergy's $36B grid plan targets 10% annual rate base growth and 6-8% EPS growth through 2030 while strengthening reliability.
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.
FE's rising data center pipeline and Energize365 grid investments fuel long-term demand growth, earnings visibility and shareholder returns.
FirstEnergy's regulated structure, rising data-center demand and $36B investment plan support grid upgrades, renewable expansion and earnings growth.
FirstEnergy (FE) reported earnings 30 days ago. What's next for the stock?
FirstEnergy (FE) is fundamentally stronger, but its valuation lacks a wide margin of safety due to regulatory risks. Q1 results were solid, with core EPS up 7.5% YoY and 2026 guidance reaffirmed, yet FE trades at ~16.5x forward earnings. The $36B five-year capex plan and data center opportunities hinge on regulatory approvals, with heavy $28B debt and potential dilution remaining concerns.
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FirstEnergy Corp. (FE) Q1 2026 Earnings Call Transcript
FE's first-quarter revenues have risen 10.5% to $4.2B, core EPS met estimates and the Energize365 capital plan of $36B for 2026-2030 and full-year guidance are reaffirmed.
FirstEnergy (FE) came out with quarterly earnings of $0.72 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.67 per share a year ago.
Utility FirstEnergy reported a 12.5% rise in first-quarter profit on Tuesday, lifted by higher electricity rates and growing demand from power-hungry data centers.
FE is expected to deliver solid Q1 results on rising data center demand. But high expenses are likely to have tempered gains.