Core Viewpoint - FirstEnergy Corp. is a diversified energy company with a market cap of approximately $25.9 billion, operating primarily in the regulated electricity sector [1][2]. Company Overview - FirstEnergy generates, transmits, and distributes electricity across the United States, owning various power generation facilities including coal-fired, nuclear, hydroelectric, wind, and solar [1][2]. - The company operates through two main segments: Regulated Distribution and Regulated Transmission [1]. Stock Performance - FirstEnergy's stock reached a three-year high of $48.20 on October 23, currently trading 7.1% below that peak [3]. - Over the past three months, FE stock prices have increased by 3.3%, underperforming the S&P 500 Index, which gained 5% during the same period [3]. - Year-to-date, FE stock has gained 12.5%, while over the past 52 weeks, it has increased by 9.7%, compared to the S&P 500's 16.3% and 13% gains respectively [4]. Financial Results - In Q3, FirstEnergy reported a 2.9% year-over-year revenue increase to $464 million, exceeding expectations by 5.8% [5]. - The non-GAAP EPS surged 9.2% year-over-year to $0.83, surpassing consensus estimates by 9.2% [5]. - Despite better-than-expected results, the stock declined by 1.6% following the earnings release but maintained positive momentum in subsequent trading sessions [5]. Competitive Position - FirstEnergy has outperformed its peer, Public Service Enterprise Group Incorporated, which saw a 6.1% drop year-to-date and a 9.8% decline over the past 52 weeks [6]. - Among 16 analysts covering FirstEnergy, the consensus rating is a "Moderate Buy," with a mean price target of $50.33, indicating a 12.4% upside potential from current levels [6].