FirstEnergy Corp. ($FE) Stock Forecast: Down 0.7% Today

What is FirstEnergy Corp.?

FE (FirstEnergy Corp) is a major electric utility company operating in Ohio and other states. The company has been embroiled in a $60 million bribery scandal involving top executives and political figures in Ohio, particularly related to regulatory favors and a nuclear plant bailout scheme.

Why is FirstEnergy Corp. going down?

FE stock is down 0.7% on Feb 3, 2026 20:43

• The bearish movement in FE stock today can be attributed to the ongoing trial of ex-FirstEnergy executives involved in the $60 million Ohio bribery scheme. Here's a witty assessment of the situation:
• The market reacted negatively to the trial proceedings, as investors are wary of the potential implications of a bribery scandal on the company's reputation and future operations.
• The allegations of bribes for regulatory favors have cast a shadow of uncertainty over FirstEnergy's business practices, leading to a loss in investor confidence and a downward pressure on the stock price.
• As the trial unfolds, with details emerging about illicit payments and connections to political figures, investors are likely bracing for further revelations that could impact the company's financial stability and long-term prospects.

FE Price Chart

FE Technical Analysis

FE News

Trial of ex-FirstEnergy executives charged in $60M Ohio bribery scheme begins

The criminal trial for former FirstEnergy executives Chuck Jones and Michael Dowling has begun, centering on a $4.3 million payment to lobbyist Sam Randazzo before his appointment as Ohio's top utility regulator. Prosecutors allege the payment was a bribe for regulatory favors, while the defense claims it was a legitimate consulting fee. This trial is part of a larger $60 million bribery scandal involving FirstEnergy's funding of a plot to pass and protect a nuclear plant bailout, leading to the conviction of former Ohio House Speaker Larry Householder.

https://www.manisteenews.com/business/article/trial-of-ex-firstenergy-executives-charged-in-21330483.php

Trial of ex-FirstEnergy executives charged in $60M Ohio bribery scheme set to begin

The trial of former FirstEnergy executives Chuck Jones and Michael Dowling is set to begin, centering on a $4.3 million payment to former utility regulator Sam Randazzo. Prosecutors allege the payment was a bribe for regulatory favors, while the defense claims it was for consulting services. This trial is part of a larger $60 million bribery scandal involving FirstEnergy and former Ohio House Speaker Larry Householder.

https://mynorthwest.com/national/trial-of-ex-firstenergy-executives-charged-in-60m-ohio-bribery-scheme-set-to-begin/4197445

Trial of ex-FirstEnergy executives charged in $60M Ohio bribery scheme set to begin

The trial of former FirstEnergy executives Chuck Jones and Michael Dowling is set to begin, focusing on a $4.3 million payment to lawyer Sam Randazzo before his appointment as Ohio's top utility regulator. Prosecutors allege this payment was a bribe for regulatory favors, while the defense claims it was for consulting services. This trial is part of a larger $60 million bribery scandal involving FirstEnergy and former Ohio House Speaker Larry Householder.

https://www.ctpost.com/business/article/trial-of-ex-firstenergy-executives-charged-in-21330483.php

Potomac Edison Residential Customers in Maryland to Receive Second Round of Energy Relief Bill Credits

Potomac Edison residential customers in Maryland will receive a second round of automatic bill credits in February 2026 as part of the state's Legislative Energy Relief Refund program. These credits, established by the Next Generation Energy Act, aim to help families manage rising electricity costs and are based on average electricity use. Eligible customers will automatically receive the credits, funded by renewable energy laws, without needing to sign up.

https://www.firstenergycorp.com/newsroom/news_articles/pe-resi-customers-in-md-to-receieve-second-round-relief-bill-credits.html

DeWine’s role in HB 6 scandal flagged as FirstEnergy trial starts

An opinion piece criticizes Ohio Governor Mike DeWine for his involvement in the House Bill 6 (HB 6) scandal, particularly his appointment of Sam Randazzo as chairman of the Public Utilities Commission of Ohio. The author suggests that Randazzo's ties to FirstEnergy Corp. were well-known, and his appointment was crucial for HB 6 to pass. With the FirstEnergy trial beginning, the author expects DeWine's name to be mentioned by witnesses.

https://www.cleveland.com/letters/2026/01/dewines-role-in-hb-6-scandal-flagged-as-firstenergy-trial-starts.html

Trending Today

Shiba Inu ($SHIB) Crypto Forecast: Up 6.1% Today

Bitcoin ($BTC) Crypto Forecast: Up 5.0% Today

FirstEnergy Corp. Price History

03.01.2026 - FE Stock was down 0.7%

• The bearish movement in FE stock today can be attributed to the ongoing trial of ex-FirstEnergy executives involved in the $60 million Ohio bribery scheme. Here's a witty assessment of the situation:
• The market reacted negatively to the trial proceedings, as investors are wary of the potential implications of a bribery scandal on the company's reputation and future operations.
• The allegations of bribes for regulatory favors have cast a shadow of uncertainty over FirstEnergy's business practices, leading to a loss in investor confidence and a downward pressure on the stock price.
• As the trial unfolds, with details emerging about illicit payments and connections to political figures, investors are likely bracing for further revelations that could impact the company's financial stability and long-term prospects.

09.01.2024 - FE Stock was up 5.4%

• FirstEnergy (FE) released an investor update, providing strategic insights and disclosing a regulation fd disclosure. This may have generated positive sentiment among investors.
• The company's Q4 earnings beat estimates, indicating strong financial performance. This positive surprise could have contributed to the bullish movement.
• FirstEnergy surpassed earnings expectations and unveiled a $26 billion investment plan. This announcement of significant investment may have instilled confidence in the company's future prospects, driving the bullish movement.
• The reported earnings of $175 million for the fourth quarter exceeded expectations, further supporting the positive sentiment surrounding the stock.

03.09.2023 - FE Stock was down 5.2%

• Today, the stock of FirstEnergy Corp (FE) experienced a strong bearish movement. This could be attributed to several factors:
• 1. Annual Storm Restoration Drill: The news article mentioning the annual storm restoration drill conducted by Penelec, a subsidiary of FirstEnergy Corp, may have highlighted the potential risks and challenges the company faces during severe weather events. This could have raised concerns among investors about the company's ability to handle such situations effectively.
• 2. Downgrade by StockNews.com: The downgrade of FirstEnergy's rating from "hold" to "sell" by StockNews.com, along with other equities research analysts issuing similar reports, likely had a negative impact on investor sentiment. This downgrade may have been based on concerns about the company's performance potential.
• 3. Comparison with Verisign Stock: The article comparing FirstEnergy with Verisign stock and suggesting that FirstEnergy is a better pick may have caused some investors to reassess their investment decisions. This comparison could have led to a shift in investor focus towards Verisign stock, potentially contributing to the bearish movement in FirstEnergy's stock.
• 4. Lack of positive news: The absence of any positive news or significant developments regarding FirstEnergy Corp may have also contributed to the bearish market movement. Investors may have been looking for catalysts or positive indicators to drive the stock's performance, leading to a decline in investor confidence.
• Overall, the combination of concerns related to storm preparedness, negative ratings, comparisons with other stocks, and the absence of positive news likely contributed to the bearish movement in FirstEnergy Corp's stock today.

27.01.2025 - FE Stock was down 5.8%

• FirstEnergy (FE) reported Q4 earnings and revenue below estimates, indicating a lackluster performance for the period.
• The miss in earnings and revenue could have contributed to the bearish movement in FE's stock price today.
• Despite efforts to enhance service reliability and infrastructure, investors may have been disappointed by the financial results, leading to a negative market sentiment towards the stock.
• The market reaction suggests that investors are closely monitoring the company's financial performance and may be cautious about its future prospects until stronger results are demonstrated.

27.01.2025 - FE Stock was down 9.8%

• Today's downward movement in FirstEnergy's stock can be attributed to various factors:
• Missing Q4 earnings and revenue estimates by a significant margin might have disappointed investors, leading to a stock sell-off.
• The positive news regarding project awards and anticipated benefits from service enhancements may have been overshadowed by the earnings shortfall, resulting in a decline in the stock value.
• Concerns about the company's future financial performance have emerged due to the negative surprises in the latest quarterly results.
• Despite advancements in infrastructure investments and service upgrades, the market sentiment towards FirstEnergy appears to have been negatively impacted by the disappointing financial results.

06.00.2026 - FE Stock was down 0.1%

• The bearish movement in FE stock today could be attributed to concerns surrounding regulatory risks and legal issues.
• The collaboration between Nano Nuclear Energy and UIUC on the Kronos MMR project might have diverted some investor attention away from FE, impacting its stock price negatively.
• The potential increase in National Fuel gas bills could have raised worries about rising operational costs for companies like FirstEnergy Corp, affecting investor sentiment.
• The mixed analyst views on FE stock, with concerns about regulatory hurdles, could have added to the selling pressure on the stock today.