- FirstEnergy Corp. announced a new president and CEO, Brian Tierney, effective June 1, though the stock fell by 0.36% after two state officials were found guilty in a corruption case involving the electric utility company paying $61m in bribe money to help seize political power passed as House Bill 6; to date, no executives from FirstEnergy Group have been charged with any crime.
- FirstEnergy (FE) stock was down by 0.36% last night, possibly due to the news of more than 41,000 customers remaining without power across Ohio, Western Pennsylvania, and West Virginia after heavy rain and wind caused damage to FirstEnergy's utilities.
- FirstEnergy Corp. announced the appointment of Brian X. Tierney as President and CEO, effective June 1, 2023, but the stock lost 0.36% overnight because of concerns over the ongoing government investigations and a potential trial that will take place in November.
- The article discusses Carl Icahn's recent Form 13F filing, which shows investments in companies like FirstEnergy Corporation, Xerox, Herc Holdings, Newell Brands, and Southwest Gas; Icahn's investment segment has lost $7.3 billion over the past nine years and though FirstEnergy Corporation stock went up yesterday by 1.08%, it is recommended that investors look towards more diversified companies with robust cash flows like Berkshire Hathaway rather than following Icahn's lead due to his inconsistent performance over time.
- FirstEnergy (FE) stock went up after its subsidiary, Jersey Central Power and Light (JCP&L), requested a review of base electric rates to support an investment of approximately $185 million to strengthen the energy grid, enhance customer experience, and fund new low-income and senior citizen customer assistance programs while keeping rates affordable, making it the lowest residential electric rates among New Jersey's four regulated electric distribution companies.
- FirstEnergy Corp. (FE) stock rose 1.08% on Thursday, amid a positive trading session for the stock market as a whole, with the S&P 500 and Dow Jones Industrial Average also rising, and the reason behind the stock's rise is not mentioned in the article.