FirstEnergy ( (FE) ) has issued an announcement.
FirstEnergy Corp. reported its financial results for the fourth quarter and full year of 2024, highlighting GAAP earnings of $1.70 per share and non-GAAP earnings of $2.63 per share, both within the company’s guidance range. The company invested $4.5 billion in 2024 to improve grid reliability, marking a 20% increase from 2023, and plans to extend its Energize365 capital investment program through 2029 with $28 billion in planned investments. Despite a decline in unregulated legacy investments, FirstEnergy’s core business fundamentals have improved, and the company has introduced a 2025 Core earnings guidance with a targeted 6-8% compound annual growth rate through the five-year planning period.
More about FirstEnergy
FirstEnergy Corp. operates in the electric utility industry, providing electricity generation, transmission, and distribution services. The company is focused on enhancing grid reliability and resiliency, supporting the energy transition, and improving customer experience through significant capital investments.
YTD Price Performance: 10.52%
Average Trading Volume: 3,356,739
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $25.07B
For detailed information about FE stock, go to TipRanks’ Stock Analysis page.