FirstEnergy Posts Strong Q1 Earnings and Reaffirms 2026 Outlook
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An announcement from FirstEnergy ( (FE) ) is now available.
FirstEnergy reported first quarter 2026 GAAP earnings of $405 million, or $0.70 per share, on revenue of $4.2 billion, up from $360 million, or $0.62 per share, on $3.8 billion of revenue a year earlier. Core EPS rose 7.5% to $0.72, reflecting higher formula rate returns and tight cost control, and delivered a 9.8% consolidated return on equity over the trailing 12 months.
The company invested nearly $1.4 billion in customer‑focused capital in the quarter, a 33% increase from the first quarter of 2025, with most spending directed to formula rate programs that bolster grid reliability and resiliency. Management reaffirmed 2026 Core EPS guidance of $2.62 to $2.82 and its $6 billion 2026 capital plan within the $36 billion Energize365 program through 2030, positioning the utility for approximately 10% annual rate base growth and Core EPS growth near the top end of its 6‑8% target range.
The most recent analyst rating on (FE) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on FirstEnergy stock, see the FE Stock Forecast page.
Spark’s Take on FE Stock
According to Spark, TipRanks’ AI Analyst, FE is a Neutral.
The score is driven primarily by stable-to-improving fundamentals (revenue/earnings and 2025 cash-flow rebound) but held back by high leverage and ongoing financing dependence. Technicals are supportive with a strong uptrend, though momentum appears overextended. Valuation is the main secondary drag due to a high P/E, partly cushioned by a ~3.6% dividend yield.
To see Spark’s full report on FE stock, click here.
More about FirstEnergy
FirstEnergy Corp., based in Akron, Ohio, is a regulated electric utility serving customers through its distribution and transmission businesses. The company focuses on customer‑centric capital investments in grid modernization, distribution infrastructure renewal, and high‑voltage transmission reliability across its service territories.
Through its Energize365 program, FirstEnergy targets substantial rate base growth by deploying multiyear capital plans. These investments are structured largely under formula rate mechanisms, supporting earnings stability and long‑term Core EPS growth near the upper end of its stated 6‑8% range through 2030, while emphasizing reliability and resiliency improvements for customers.
Average Trading Volume: 4,640,797
Technical Sentiment Signal: Buy
Current Market Cap: $28.58B
Find detailed analytics on FE stock on TipRanks’ Stock Analysis page.
