FirstEnergy Corp.’s Stock Price Soars to $39.45, Showcasing an Impressive Rise of 2.52%

FirstEnergy Corp. (FE)

39.45 USD +0.97 (+2.52%) Volume: 6.74M

FirstEnergy Corp.’s stock price stands at 39.45 USD, marking a positive trading session with an increase of +2.52%, supported by a trading volume of 6.74M. Despite the recent uptick, the stock records a slight decrease YTD, with a percentage change of -0.83%.

Latest developments on FirstEnergy Corp.

Akron-based FirstEnergy Corp. has confirmed the layoff of 350 employees across five states as part of strategic organizational changes. The company also plans to reassign 200 more employees amidst workforce reduction efforts, amounting to ‘less than 3%’ of its total workforce. This announcement comes after FirstEnergy disclosed the need for reorganization, which includes layoffs in Ohio and other states. These moves have impacted the stock price of FirstEnergy Corp. (FE:NYSE) today, as investors react to the news of the workforce cuts and reorganization.

A look at FirstEnergy Corp. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

FirstEnergy Corp. is a public utility holding company that has received a high score of 5 for its dividend outlook, indicating a positive long-term outlook for investors looking for steady income. Despite lower scores in growth and resilience, the company’s strong dividend score suggests stability and consistent returns for shareholders.

While FirstEnergy Corp. may not score as high in growth and resilience, with scores of 2 for both factors, its overall outlook remains positive with solid scores in value and momentum. Investors looking for a reliable dividend income may find FirstEnergy Corp. an attractive option, given its strong dividend score of 5. As a public utility holding company involved in various energy-related services, FirstEnergy Corp. continues to be a key player in the industry with potential for long-term growth.

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