- FirstEnergy is one of the largest regulated utilities in the country, serving approximately six million customers in six states.
- The company saw its stock price obliterated due to a bribery scandal last year but the actual impact on the company does not justify this.
- The company looks positioned to grow its operating earnings over the next few years as it secures base rate increases.
- The COVID-19 unpaid bills and scandal resulted in its debt being cut to junk but even this does not justify a near 40% drop in the value.
- FirstEnergy appears undervalued relative to its peers and could offer an opportunity.
For further details see:
FirstEnergy: This Troubled Utility May Present An Opportunity