Since our article on January 23, 2018, FirstEnergy is up 68% vs. 17% for S&P 500.
Elliott Management has exited its $1+ billion investment, and following its lead should be considered.
FirstEnergy’s regulatory environment leaves much to be desired.
As Grandfather Fisher told me decades ago, “You never go broke taking a profit”.
FirstEnergy Corp. (FE) is a regulated electric utility serving parts of Ohio, Pennsylvania, West Virginia, New Jersey, and Maryland. In addition, it operates one of the largest electricity transmission systems in the East