Akron, Ohio-based FirstEnergy Corp. (FE) generates, distributes, and transmits electricity in the U.S. Valued at a market cap of $23.8 billion, the company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities and serves customers in various states, including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York.
Shares of this utility company have lagged behind the broader market over the past 52 weeks. FE has gained 3.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.7%. However, on a YTD basis, the stock is up 3.7%, outpacing SPX’s marginal rise.
