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FirstEnergy downgraded at Wolfe
FirstEnergy Stock Slips After Wolfe Downgrade, But Retail Remains Optimistic
FirstEnergy Corp.’s (FE) stock dipped over 1% in early morning trade on Thursday after Wolfe Research downgraded the shares to ‘Peer Perform’ from ‘Outperform,’ citing concerns about the utility’s "low-quality" earnings from pensions and coal operations.
FirstEnergy downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded FirstEnergy (FE) to Peer Perform from Outperform with a $38-$43 fair value estimate. The firm sees concerns on
FirstEnergy downgraded at Wolfe as old concerns resurface
FirstEnergy downgraded by Wolfe Research, seeing concerns on low-quality pension and coal earnings resurfacing, while the Ohio rate case remains an overhang.
FirstEnergy stock rating cut to Peerperform at Wolfe Research
The analyst noted that while the transition away from low-quality earnings is generally a positive move, it is concerning if FirstEnergy cannot identify adequate compensatory measures. This issue is particularly pronounced as most of the sector seems set to experience an upward trend in earnings outlooks,
11h
Ohio Attorney General Dave Yost launches 2026 bid for governor
Yost, 68, seeks to succeed two-term Ohio Gov. Mike DeWine, a fellow Republican, who is term-limited in 2026. He had teased ...
E&E
4d
Former FirstEnergy CEO indicted as fallout from Ohio scandal continues
Chuck Jones and a former senior vice president are the first FirstEnergy executives to face federal charges in a corruption ...
8d
Former FirstEnergy executives face federal charges in massive bribery scheme
Two former FirstEnergy executives are charged in a racketeering scheme and turned themselves into federal authorities on ...
WFMJ
2d
Ohio Edison now adding surcharge on to all customers who pay bill from bank account without autopay
However, FirstEnergy, the parent company of Ohio Edison, is now adding a surcharge to customers who pay their monthly ...
2d
Ohio power company adds new surcharge to customers who pay bill from bank without autopay
SPRINGFIELD, Ohio (WKRC) - An Ohio-based power company added a surcharge to customers who pay their bill from a bank account ...
8d
on MSN
Former utility executives are indicted in an Ohio bribery scheme
A former CEO and one of his top executives at an Ohio energy company have been indicted on federal racketeering charges.
2d
on MSN
Jefferies cuts FirstEnergy stock price target to $43
The revised price target reflects Jefferies' analysis of the company's growth prospects and the potential impact of external ...
11d
Ohio Gov. DeWine supports repeal of remaining scandal-ridden FirstEnergy legislation
Ohio Gov. Mike DeWine supports repealing a remaining aspect of corrupt legislation that forces ratepayers to spend hundreds ...
WFMJ
5d
FirstEnergy and AEP Ohio prepare for frigid temperatures
Utilities that provide electricity to the Mahoning and Shenango Valleys say they are preparing for this week’s frigid ...
5d
Appeals court directs FERC to strip ROE transmission adder from Duke, FirstEnergy Ohio utilities
The Sixth Circuit appeals court also upheld FERC's decision ending the extra return on equity in the state for American ...
Cleveland Scene
4d
Ohio’s New U.S. Senator Jon Husted Has a History of Connections to Energy and Charter Scandals
The same day Jon Husted was tapped to be Ohio’s next U.S. Senator, former FirstEnergy executives were indicted on federal ...
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