Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Foundation (NYSE: FE) has provided a $100,000 grant to the United Way of Berks County's Big Cheese event, enabling the creation of 500,000 meals for families facing food insecurity - double the previous year's output. The event, held at Penn State's Berks Campus, brought together 1,000 volunteers to package meals including macaroni and cheese, rice, beans, and oatmeal.

The initiative addresses critical needs in Berks County, where one in five residents face food insecurity, including 25,000 children. Through the first half of 2025, the FirstEnergy Foundation has granted nearly $2 million to support various community initiatives.

FirstEnergy (NYSE: FE) has announced a $1.6 million investment to modernize the electric system in Northern Monmouth County through its Jersey Central Power & Light (JCP&L) subsidiary. The upgrade project, targeting Keyport, Hazlet, and Union Beach areas, is part of JCP&L's broader $95 million New Jersey Reliability Improvement Project.

The modernization includes upgrading 2.5 miles of overhead power lines, installing smart devices for fault detection, and implementing power rerouting capabilities. This initiative is a component of FirstEnergy's larger $28 billion Energize365 investment program planned for 2025-2029, aimed at grid modernization across its service territory.

FirstEnergy (NYSE: FE) subsidiary JCP&L is launching a $15.4 million infrastructure upgrade in Hunterdon County, New Jersey, to enhance electric service reliability for over 3,600 customers across eight communities. The project includes modernizing substations, upgrading more than 20 miles of overhead power lines, installing 3 miles of underground wires, and implementing smart technology.

The initiative is part of JCP&L's broader New Jersey Reliability Improvement Project, which will invest at least $95 million in upgrades over the next two years. This project falls under FirstEnergy's larger $28 billion Energize365 investment program running from 2025 to 2029, aimed at modernizing the electric grid across its service territory.

FirstEnergy Corp. (NYSE: FE) has energized its new Klecknersville Substation in Northampton County, Pennsylvania, serving over 5,000 customers across multiple townships and boroughs. The facility features advanced smart grid technology and reduces power line distances from 15-20 miles to just 5-10 miles, improving service reliability.

The substation, part of FirstEnergy's $28 billion Energize365 investment program (2025-2029), includes automated devices for faster outage detection and restoration, plus wildlife protection features. This infrastructure upgrade particularly benefits customers previously dependent on the Northwood Substation, enhancing service reliability during high-demand periods.

FirstEnergy Corporation (NYSE: FE) has announced a significant $50,000 grant through its FirstEnergy Foundation to support Interfaith Neighbors' community development initiatives in Asbury Park, New Jersey. The grant, among the largest awarded by the Foundation in New Jersey this year, is part of over $2 million in community support distributed across FirstEnergy's service areas in H1 2025.

The funding will support various programs addressing critical community needs, including job training through The Launch Center, early childhood education, Meals on Wheels program serving over 330,000 meals annually, and the Kula Urban Farm initiative. This investment aims to address poverty in Asbury Park, where nearly 20% of residents live below the poverty line.

FirstEnergy Foundation (NYSE:FE) has donated $10,000 to the Tygart Valley United Way to support flood victims in Marion County, West Virginia. The donation follows severe flash flooding in June that impacted approximately 250 people, with 25 families losing their homes.

The flooding resulted in massive cleanup efforts, with the West Virginia National Guard removing 8,000 tons of debris in Ohio and Marion counties, while the Division of Highways cleared 4,500 tons from local roadways. The FirstEnergy Foundation has been active in community support, distributing over $2 million in the first half of 2025 for various community needs.

FirstEnergy (NYSE: FE) reported strong Q2 2025 financial results with GAAP earnings of $0.46 per share and Core Earnings of $0.52 per share, ahead of plan. Year-to-date Core Earnings increased 19% to $1.19 per share. The company deployed $2.5 billion in capital investments through June, aligned with its $5 billion 2025 investment plan.

FirstEnergy affirmed its 2025 Core Earnings guidance of $2.40-$2.60 per share, targeting the upper half of the range, and maintained its 6-8% compound annual Core Earnings growth target through 2029. This growth is supported by the company's $28 billion Energize365 capital investment program for 2025-2029.

Q2 results benefited from new base rates in Pennsylvania and transmission rate base growth, partially offset by milder temperatures reducing customer demand by 3%. Revenue increased to $3.4 billion from $3.3 billion in Q2 2024.

FirstEnergy (NYSE: FE) announced a major infrastructure upgrade project in East Akron to enhance electric service reliability for 12,000 Ohio Edison customers, including Summa Akron City Hospital. The project involves expanding a substation from 142,000 to 176,000 square feet and implementing advanced gas-insulated switchgear (GIS) technology.

The upgrade is part of FirstEnergy's $28 billion Energize365 investment program running from 2025 to 2029. Construction began in June and is expected to complete by end-2026, utilizing a temporary "shoo-fly" setup to maintain power during construction. The modernization will enable automatic power rerouting during outages, reducing service disruptions and restoration times.

FirstEnergy Corp. (NYSE: FE) has declared a quarterly dividend of $0.445 per share of outstanding common stock, payable September 1, 2025, to shareholders of record as of August 7, 2025.

The company expects to declare total dividends of $1.78 per share in 2025, subject to Board approval. This represents an increase from $1.70 per share in 2024 and marks an 11% growth in annual dividend declarations since 2023.

FirstEnergy operates one of the nation's largest investor-owned electric systems, serving over 6 million customers across six states, with approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.