FirstEnergy downgraded at Wolfe

Wolfe Research Downgrades FirstEnergy (FE)
Fintel reports that on January 23, 2025, Wolfe Research downgraded their outlook for FirstEnergy (NYSE:FE) from Outperform to Peer Perform. Analyst Price Forecast Suggests 23.77% Upside As of December 23,
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 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 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 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,
FirstEnergy Corp. stock underperforms Thursday when compared to competitors
This was the stock's second consecutive day of losses.
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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 ...
FirstEnergy price target raised to $52 from $50 at Guggenheim
Guggenheim raised the firm’s price target on FirstEnergy (FE) to $52 from $50 and keeps a Buy rating on the shares. The firm, which shuffled ...
Indicted FirstEnergy CEO told executive to lie to investigators about consulting contract, feds say
After the arrest of the Ohio House speaker for taking bribes from FirstEnergy and despite a blitz of subpoenas from the FBI, ...
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 ...
Two former FirstEnergy execs indicted on federal racketeering charges
A federal grand jury has indicted Charles E. Jones, 69, of Akron and Michael Dowling, 60, of Massillon, on one count each of ...
FirstEnergy executives charged in bribery case on U.S. attorney’s final days in office
In his last days in office, U.S. Attorney Ken Parker brings charges against Chuck Jones and Mike Dowling in Ohio's largest ...
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 ...
FirstEnergy Corp. stock outperforms competitors despite losses on the day
Shares of FirstEnergy Corp. FE slipped 2.14% to $39.42 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.61% to 6,086.37 and ...
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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 ...