Trade-Ideas LLC identified FirstEnergy ( FE) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified FirstEnergy as such a stock due to the following factors:

  • FE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $162.8 million.
  • FE traded 15,651 shares today in the pre-market hours as of 8:00 AM.
  • FE is down 8.9% today from yesterday's close.

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More details on FE:

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. The stock currently has a dividend yield of 4.2%. FE has a PE ratio of 25. Currently there are 5 analysts that rate FirstEnergy a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for FirstEnergy has been 4.1 million shares per day over the past 30 days. FirstEnergy has a market cap of $14.6 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.25 and a short float of 2% with 1.41 days to cover. Shares are up 8.4% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates FirstEnergy as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:
  • FIRSTENERGY CORP has improved earnings per share by 45.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, FIRSTENERGY CORP increased its bottom line by earning $1.37 versus $0.50 in the prior year. This year, the market expects an improvement in earnings ($2.84 versus $1.37).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electric Utilities industry. The net income increased by 47.7% when compared to the same quarter one year prior, rising from $222.00 million to $328.00 million.
  • Net operating cash flow has significantly increased by 230.56% to $638.00 million when compared to the same quarter last year. In addition, FIRSTENERGY CORP has also vastly surpassed the industry average cash flow growth rate of 0.49%.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 8.3%. Since the same quarter one year prior, revenues slightly dropped by 0.7%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Electric Utilities industry and the overall market, FIRSTENERGY CORP's return on equity is below that of both the industry average and the S&P 500.

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