FirstEnergy Corp. (FE) is an electric utility company headquartered in Akron, Ohio, serving approximately six million customers across the Midwest and Mid-Atlantic regions. The company, with a market cap of $23.3 billion, operates through its regulated distribution and transmission businesses, providing electricity to residential, commercial, and industrial customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York.
FE stock has struggled to keep up with the broader market over the past year. The stock has gained 5.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.5%. In 2025, FE stock is up marginally, while the SPX is up 2.9% on a YTD basis.
