The utilities sector closed the day down 2.9%. Dynegy Inc ( DYN), Beacon Power ( BCON), Ocean Power Technologies ( OPTT), and U.S. Geothermal Inc ( HTM) were all decliners today within the utilities sector with FirstEnergy ( FE) being today's featured utilities loser. FirstEnergy fell $1.13 (-2.5%) to $43.78 on average volume. Throughout the day, 2.6 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.1 million shares. Firstenergy Corp. operates as a diversified energy company. The company, through its subsidiaries and affiliates, involves in the generation, transmission, and distribution of electricity, as well as energy management and other energy-related services. FirstEnergy has a market cap of $19 billion and is part of the utilities industry. The company has a P/E ratio of 25.1, below the average utilities industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 21.3% year to date as of the close of trading on Friday. TheStreet Ratings rates FirstEnergy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity.
- You can view the full FirstEnergy Ratings Report.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
- Find other investment ideas from our top rated ETFs lists.