FirstEnergy Corp
FE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Hcqcys | Llnqrng |
FirstEnergy Earnings: New Management Continues Strong Execution
We are maintaining our $43 fair value estimate for FirstEnergy after the company reported second-quarter earnings per share of $0.56, up from $0.47 in the year-ago period. Management reaffirmed its 2024 operating EPS guidance of $2.61-$2.81, consistent with our expectations. Management also reaffirmed its long-term 6%-8% annual earnings growth guidance through 2028, of which we expect the company to achieve the midpoint.