| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 39 | 24.6x | 17.3x | Bottom tier | |
Growth | 33 | 12.6% | 7.1% | Bottom tier | |
Quality | 40 | 4.9% | 4.5% | Bottom tier | |
Safety | 26 | 7.2x | 2.6x | Bottom tier | |
Capital Return | 38 | 3.89% | 0.06% | Bottom tier | |
Momentum | 45 | -8.7% | -1.6% | Around median | |
Sentiment | 81 | 9 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
FirstEnergy Corp. is a regulated electric utility whose earnings are based on investment in transmission and distribution networks and capital recovery through regulatory frameworks in states including West Virginia, Ohio, New Jersey, Maryland, and Pennsylvania. Its primary operating driver is deploying customer-focused capital and earning regulated returns, while transmission is a prominent growth pillar with an expected compound annual growth rate of 16% through FY 2030 under the current plan.
In Q2 FY 2026, GAAP earnings per share were $0.50 versus $0.46 in Q2 FY 2025, while core earnings per share declined to $0.50 from $0.52. During the first half of FY 2026, core earnings per share increased to $1.22 from $1.19, and consolidated return on equity for the trailing twelve months ended in that period was 9.5%. The company attributed the performance to returns from investment programs with formula-based regulated rates, partially offset by the timing of higher planned operating expenses.
The latest detailed EDGAR data available show that Q1 FY 2026 revenue was $4.2 billion, net income was $405 million, and earnings per share were $0.70. On a trailing-twelve-month basis ending in FY 2026, revenue was $15.5 billion and net income was $1.1 billion, compared with revenue of $15.1 billion and net income of $1.0 billion in FY 2025. Q4 FY 2025 recorded a net loss of $49 million, illustrating that the quarterly earnings trajectory was not uniform.
The analyst consensus on FE stock is Hold, with an average price target of $52.8 and a narrow range between $51 and $55. The average target is slightly above the 52-week range high of $52.34, reflecting a valuation near the upper end of that range, but the Hold consensus and narrow dispersion of targets do not indicate broad bullish conviction. No valid price-to-earnings multiple is available in the data, despite earnings per share of approximately $1.84 on a trailing-twelve-month basis ending in FY 2026, so the quality of execution of the investment plan and regulatory decisions remain the most important available valuation anchors.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
The primary foundation for growth is a five-year capital investment plan of $36 billion, with core earnings growth targeted near the upper end of the 6% to 8% range through FY 2030. The transmission business stands out with a planned compound annual growth rate of 16% over the same period. The company deployed $2.9 billion of the $6 billion planned for FY 2026 during the first half, an increase of 19% from the corresponding period in FY 2025.
Total expected data center demand reached approximately 25 gigawatts on July 29, 2026, an increase of 30% since Q1 FY 2026. Contracted demand reached 6.4 gigawatts after adding 2.1 gigawatts during Q2 FY 2026, while contracted and in-development demand amounted to approximately 70% of the July 2026 peak load of 34.8 gigawatts. The strongest levels of interest are concentrated in West Virginia, Pennsylvania, and Maryland, with most loads coming online gradually through FY 2031 and a smaller portion through FY 2035.
Automated analysis for informational purposes only — not investment advice.
GAAP earnings per share were $0.50 in Q2 FY 2026 versus $0.46 in Q2 FY 2025. Core earnings per share were $0.50 versus $0.52, while first-half core earnings per share increased to $1.22 from $1.19. Management maintained its FY 2026 core earnings per share guidance range of $2.62 to $2.82.
The 1.2-gigawatt Maidsville project requires CPCN approval, while a potential Genco structure may require FERC approval and West Virginia Public Service Commission approval of the sales agreements. In Ohio, the staff report on the three-year rate plan was scheduled for November 30, 2026, with hearings beginning on March 1, 2027 and an order expected during Q2 FY 2027. The company also intended to file base rate cases in New Jersey and Maryland during Q3 FY 2026 to recover invested capital and improve returns.
Management said that the financing plan for the current $36 billion spending plan had not changed. For additional capital spending, the company may target funding between 30% and 40% through additional equity. It also indicated that milestone payments during construction from customers of new generation facilities could reduce that need, but these arrangements were still under development on July 29, 2026.