Akron, Ohio-based FirstEnergy Corp. (FE) is a regulated electric utility company that generates, transmits, and distributes electricity across the United States. Valued at a market cap of $26.5 billion, the company operates an extensive infrastructure network and is committed to delivering safe, reliable power while investing in grid modernization and clean energy initiatives.
This utility company has lagged behind the broader market over the past 52 weeks. Shares of FE have gained 11.1% over this time frame, while the broader S&P 500 Index ($SPX) has soared 14%. Moreover, on a YTD basis, the stock is up 16%, compared to SPX’s 16.2% uptick.
