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FirstEnergy Corp. - $FE STOCK NEWS

Welcome to our dedicated page for FirstEnergy news (Ticker: $FE), a resource for investors and traders seeking the latest updates and insights on FirstEnergy stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FirstEnergy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FirstEnergy's position in the market.

Rhea-AI Summary

Mon Power, a subsidiary of FirstEnergy Corp., has been chosen by the U.S. Department of Energy to receive up to $5 million in federal funding for a project aimed at enhancing electric reliability for over 3,000 customers in rural West Virginia. The project includes rebuilding power lines and connecting a tie line with a substation, benefiting customers by providing backup power during outages.

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1.01%
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Rhea-AI Summary

FirstEnergy Corp. (NYSE: FE) is donating nearly 500 trees to Mahoning Valley locations on Arbor Day, with employee volunteers planting at Mill Creek MetroParks and Beaver Township Nature Preserve. This initiative aligns with the company's commitment to sustainability, aiming to reduce its carbon footprint and promote responsible use of natural resources.

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-1.14%
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Rhea-AI Summary
FirstEnergy Corp. reports strong first quarter 2024 financial results with GAAP earnings of $0.44 per share and operating earnings of $0.55 per share. The company affirms a 6-8% long-term annual operating earnings growth target and increases total equity by 25% with a $3.5 billion transaction. Despite challenges like a mild winter, the company shows solid performance and receives upgrades to investment grade ratings.
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-1.14%
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FirstEnergy Corp. (NYSE: FE) plans to plant over 25,000 trees in 2024, with nearly 17,000 trees set to be planted in April. The company aims to support the environment and communities it serves, following a successful 2023 where more than 25,000 trees were planted. FirstEnergy's tree-planting initiative, launched in 2020, has seen over 67,000 trees planted or donated so far.
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-0.24%
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FirstEnergy Pennsylvania Electric Company, a subsidiary of FirstEnergy Corp., is upgrading the electric system in Erie County, Pennsylvania, benefiting over 8,000 Penelec customers. The installation of automated reclosing devices and other equipment in substations aims to prevent service interruptions during severe weather. The $200 million Long-Term Infrastructure Improvement Plan II will enhance the Penelec system reliability over five years. Communities like East Springfield, Erie City, Fairview Township, Millcreek Township, Platea, and western Erie County will benefit from these upgrades.
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FirstEnergy Corp. appoints John Combs as Senior Vice President, Shared Services, bringing extensive technology and business experience to lead IT organization and drive digital transformation.
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FirstEnergy Corp. (FE) Ohio utilities have settled on a Grid Modernization II plan to expand smart meter deployment to 1.4 million customers in Ohio. The $421 million plan builds on previous upgrades, including 706,000 smart meter installations.
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FirstEnergy Corp. subsidiary Jersey Central Power & Light is implementing a comprehensive tree-trimming program along 3,400 miles of power lines to enhance electric service reliability. The $32.5 million plan is part of an annual increase in tree trimming efforts agreed upon with the New Jersey Board of Public Utilities. JCP&L will invest an additional $2.5 million annually for the next five years to expand tree-trimming zones along high-priority circuits.
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FirstEnergy Corp. (FE) will release its financial results for the first quarter of 2024 on April 25, followed by a conference call on April 26. The company's transmission subsidiaries operate 24,000 miles of transmission lines, serving over 6 million customers in several states. Investors and interested parties can access the live webcast and presentation slides on FirstEnergy's Investor Information website.
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FirstEnergy Pennsylvania (FE PA) requests a review of its base electric rates by the Pennsylvania Public Utility Commission to enhance service reliability and benefit over two million customers. The proposal includes modernizing the grid, increasing inspections, and assisting low-income residential customers.
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FirstEnergy Corp.

NYSE:FE

FE Rankings

FE Stock Data

22.65B
507.77M
0.13%
90.43%
2.02%
Nuclear Electric Power Generation
Utilities
Link
United States of America
AKRON

About FE

we are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger. firstenergy is dedicated to safety, reliability and operational excellence. headquartered in akron, ohio, firstenergy’s 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in ohio, pennsylvania, new jersey, west virginia, maryland and new york. the company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the midwest and mid-atlantic regions. join the firstenergy careers facebook community at www.facebook.com/firstenergycareers, where we share career tips, job postings, photos from career fairs and community events, and more.