(FE) FirstEnergy - Overview
Stock: Electricity, Distribution, Transmission, Generation
| Risk 5d forecast | |
|---|---|
| Volatility | 16.5% |
| Relative Tail Risk | -1.85% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.20 |
| Alpha | 25.09 |
| Character TTM | |
|---|---|
| Beta | 0.114 |
| Beta Downside | 0.122 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.48% |
| CAGR/Max DD | 0.56 |
EPS (Earnings per Share)
Revenue
Description: FE FirstEnergy February 11, 2026
FirstEnergy Corp. (NYSE: FE) is a vertically integrated electric utility that generates, transmits, and distributes electricity across six states in the eastern United States. Its operations are divided into three segments-Distribution, Integrated (generation + distribution), and Stand-Alone Transmission-and it manages a diversified generation mix that includes coal, nuclear, hydro, wind, and solar assets. The network comprises roughly 252,000 miles of distribution lines and 24,000 miles of transmission lines, serving residential, commercial, and industrial customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York.
As of FY 2024, FirstEnergy reported regulated revenue of $9.8 billion, a net income of $1.1 billion, and a return on equity (ROE) of 9.2 %, which is in line with the historical utility benchmark of 8-10 %. The company’s renewable generation capacity grew to 2.3 GW (≈ 15 % of total generation) after adding 500 MW of solar and 200 MW of wind in 2023-24, reflecting ongoing compliance with state clean-energy mandates. Its debt-to-EBITDA ratio stands at 3.1 ×, modestly above the sector median of 2.8 ×, indicating a slightly higher leverage profile that warrants monitoring under rising interest-rate environments.
Key drivers for FirstEnergy’s near-term performance include: (1) regulated rate-base adjustments tied to the U.S. CPI, which currently average a 2.5 % annual increase; (2) state-level renewable portfolio standards that incentivize further investment in wind and solar, potentially boosting the company’s green-energy share to ≥ 20 % by 2028; and (3) transmission cost recovery mechanisms that can offset inflationary pressures on operating expenses. However, the company remains exposed to potential regulatory setbacks, such as litigation over past rate cases, which could materially alter earnings expectations.
For a deeper quantitative dive into FirstEnergy’s valuation assumptions and scenario analysis, a quick look at ValueRay’s model can help you gauge the sensitivity of these drivers to your investment thesis.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 1.33b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 6.15 > 1.0 |
| NWC/Revenue: -9.83% < 20% (prev -17.89%; Δ 8.06% < -1%) |
| CFO/TA 0.06 > 3% & CFO 3.61b > Net Income 1.33b |
| Net Debt (26.04b) to EBITDA (4.59b): 5.67 < 3 |
| Current Ratio: 0.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (580.0m) vs 12m ago 0.52% < -2% |
| Gross Margin: 65.39% > 18% (prev 0.67%; Δ 6472 % > 0.5%) |
| Asset Turnover: 27.14% > 50% (prev 26.48%; Δ 0.65% > 0%) |
| Interest Coverage Ratio: 2.83 > 6 (EBITDA TTM 4.59b / Interest Expense TTM 1.06b) |
Altman Z'' 0.24
| A: -0.03 (Total Current Assets 4.21b - Total Current Liabilities 5.63b) / Total Assets 55.88b |
| B: 0.01 (Retained Earnings 340.0m / Total Assets 55.88b) |
| C: 0.06 (EBIT TTM 2.99b / Avg Total Assets 53.32b) |
| D: 0.01 (Book Value of Equity 384.0m / Total Liabilities 41.70b) |
| Altman-Z'' Score: 0.24 = B |
Beneish M -3.04
| DSRI: 0.97 (Receivables 1.86b/1.78b, Revenue 14.47b/13.44b) |
| GMI: 1.03 (GM 65.39% / 67.23%) |
| AQI: 0.96 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.08 (Revenue 14.47b / 13.44b) |
| TATA: -0.04 (NI 1.33b - CFO 3.61b) / TA 55.88b) |
| Beneish M-Score: -3.04 (Cap -4..+1) = AA |
What is the price of FE shares?
Over the past week, the price has changed by +7.01%, over one month by +9.60%, over three months by +10.10% and over the past year by +30.35%.
Is FE a buy, sell or hold?
- StrongBuy: 4
- Buy: 3
- Hold: 11
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 50.3 | 0.4% |
| Analysts Target Price | 50.3 | 0.4% |
| ValueRay Target Price | 58.3 | 16.3% |
FE Fundamental Data Overview February 12, 2026
P/E Forward = 17.3611
P/S = 1.9385
P/B = 2.1512
P/EG = 1.2142
Revenue TTM = 14.47b USD
EBIT TTM = 2.99b USD
EBITDA TTM = 4.59b USD
Long Term Debt = 25.51b USD (from longTermDebt, last quarter)
Short Term Debt = 1.96b USD (from shortTermDebt, last quarter)
Debt = 27.47b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 26.04b USD (from netDebt column, last quarter)
Enterprise Value = 53.75b USD (27.69b + Debt 27.47b - CCE 1.40b)
Interest Coverage Ratio = 2.83 (Ebit TTM 2.99b / Interest Expense TTM 1.06b)
EV/FCF = 23.23x (Enterprise Value 53.75b / FCF TTM 2.31b)
FCF Yield = 4.30% (FCF TTM 2.31b / Enterprise Value 53.75b)
FCF Margin = 15.99% (FCF TTM 2.31b / Revenue TTM 14.47b)
Net Margin = 9.19% (Net Income TTM 1.33b / Revenue TTM 14.47b)
Gross Margin = 65.39% ((Revenue TTM 14.47b - Cost of Revenue TTM 5.01b) / Revenue TTM)
Gross Margin QoQ = 60.34% (prev 66.83%)
Tobins Q-Ratio = 0.96 (Enterprise Value 53.75b / Total Assets 55.88b)
Interest Expense / Debt = 1.14% (Interest Expense 312.0m / Debt 27.47b)
Taxrate = 12.79% (78.0m / 610.0m)
NOPAT = 2.61b (EBIT 2.99b * (1 - 12.79%))
Current Ratio = 0.75 (Total Current Assets 4.21b / Total Current Liabilities 5.63b)
Debt / Equity = 2.15 (Debt 27.47b / totalStockholderEquity, last quarter 12.80b)
Debt / EBITDA = 5.67 (Net Debt 26.04b / EBITDA 4.59b)
Debt / FCF = 11.25 (Net Debt 26.04b / FCF TTM 2.31b)
Total Stockholder Equity = 12.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.49% (Net Income 1.33b / Total Assets 55.88b)
RoE = 10.50% (Net Income TTM 1.33b / Total Stockholder Equity 12.67b)
RoCE = 7.84% (EBIT 2.99b / Capital Employed (Equity 12.67b + L.T.Debt 25.51b))
RoIC = 6.83% (NOPAT 2.61b / Invested Capital 38.19b)
WACC = 3.67% (E(27.69b)/V(55.16b) * Re(6.33%) + D(27.47b)/V(55.16b) * Rd(1.14%) * (1-Tc(0.13)))
Discount Rate = 6.33% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.49%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈2.31b ; Y1≈1.52b ; Y5≈693.1m
Fair Price DCF = N/A (negative equity: EV 22.08b - Net Debt 26.04b = -3.96b; debt exceeds intrinsic value)
EPS Correlation: -20.09 | EPS CAGR: -47.24% | SUE: -4.0 | # QB: 0
Revenue Correlation: 75.57 | Revenue CAGR: 12.58% | SUE: 1.50 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.73 | Chg30d=+0.002 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=2.72 | Chg30d=+0.004 | Revisions Net=+1 | Growth EPS=+7.2% | Growth Revenue=+4.1%