FirstEnergy Corp

FE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$38.00	Dhzmrw	Ykvxtlkv

FirstEnergy Earnings: Warm Weather Presents Headwinds

Andrew Bischof

Apr 28, 2023

We are reaffirming our $40 fair value estimate for FirstEnergy after the company reported first-quarter earnings per share of $0.60, flat with the year-ago period. Management reaffirmed its 2023 operating EPS guidance of $2.44-$2.64, in line with our expectations. Our narrow moat and stable moat trend ratings are unchanged.

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