Pinnacle West (PNW) Misses on Q2 Earnings, Offers Outlook
Zacks Equity Research - Zacks Investment Research - Tue Aug 02, 4:13PM CDT
Pinnacle West Capital Corp. (PNW) reported adjusted earnings per share of $1.08 in the second quarter of 2016, lagging the Zacks Consensus Estimate of $1.14 by 5.3%.
CMS: 45.03 (-0.12), NEE: 127.63 (-0.87), FE: 33.31 (-1.00), PNW: 78.78 (-0.72)
SmarTrend Watching for Potential Rebound in Shares of FirstEnergy After 1.15% Loss
Comtex SmarTrend(R) - Mon Aug 01, 2:55PM CDT
FirstEnergy (NYSE:FE) traded in a range yesterday that spanned from a low of $34.42 to a high of $34.90. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $34.58 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
FE: 33.31 (-1.00)
After Yesterday's Decline of 1.15%, FirstEnergy Offers Investors Better Value
Comtex SmarTrend(R) - Mon Aug 01, 2:53PM CDT
FirstEnergy (NYSE:FE) traded in a range yesterday that spanned from a low of $34.42 to a high of $34.90. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $34.58 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
FE: 33.31 (-1.00)
Next Support Level for FirstEnergy (FE) is $34.25
Comtex SmarTrend(R) - Mon Aug 01, 9:24AM CDT
Shares of FirstEnergy (NYSE:FE) opened today below their pivot of $34.92 and have already reached the first level of support at $34.58. Should the shares continue to fall, the support pivots of $34.25 and $33.58 will be of interest.
FE: 33.31 (-1.00)
FirstEnergy (FE) Beats on Q2 Earnings, Revenues Down Y/Y
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 8:52AM CDT
FirstEnergy Corporation (FE) announced second-quarter 2016 operating earnings of 56 cents per share, higher than both the Zacks Consensus Estimate and the prior-year figure of 53 cents by 5.7%.
AT: 2.47 (-0.03), NI: 25.94 (+0.13), FE: 33.31 (-1.00), NRG: 13.77 (+0.11)
FirstEnergy Completes Demolition of R.E. Burger Power Station
PR Newswire - Fri Jul 29, 8:45AM CDT
FirstEnergy Corp. (NYSE: FE) today completed demolition of the 854-foot concrete stack and associated building at its former coal-fired R.E. Burger Power Station in Shadyside, Ohio, paving the way for future development.
FE: 33.31 (-1.00)
FirstEnergy Announces Second Quarter 2016 Results, Provides Third Quarter and Full-Year 2016 Guidance
PR Newswire - Thu Jul 28, 3:30PM CDT
FirstEnergy Corp. (NYSE: FE) today reported a second quarter 2016 GAAP loss of $1.1 billion, or $(2.56) per basic and diluted share of common stock, on revenue of $3.4 billion. The loss resulted from asset impairment and plant exit costs in the company's competitive business. Operating (non-GAAP) earnings* were $0.56 per basic share of common stock. Operating (non-GAAP) earnings exclude the effect of special items listed below.
FE: 33.31 (-1.00)
Electric Utilities' Stocks Under Review -- Southern, AES Corp., CompanhiaEnergetica de Minas Gerais, and FirstEnergy
PR Newswire - Wed Jul 27, 6:40AM CDT
Stock-Callers.com this morning has issued notes on four Electric Utilities stocks, namely: Southern Co. (NYSE: SO), The AES Corp. (NYSE: AES), Companhia Energetica de Minas Gerais S.A. (NYSE: CIG), and FirstEnergy Corp. (NYSE: FE). Huge demand growth continues to drive the sector; however, systems-maintenance costs and increased competition remain its biggest threats. Let us look at the recent performances of today's featured companies. Learn more about these stocks by accessing their freenotes at:
CIG: 2.65 (-0.08), AES: 12.18 (+0.01), FE: 33.31 (-1.00), SO: 53.36 (-0.29)
Downgrade Alert for FirstEnergy (FE)
Comtex SmarTrend(R) - Wed Jul 27, 3:49AM CDT
FirstEnergy (NYSE:FE) was downgraded from Neutral to Sell at Goldman Sachs today. The stock closed yesterday at $35.89 on volume of 5.5 million shares, above average daily volume of 5.4 million. FirstEnergy (NYSE:FE) is currently priced 0.4% above its average consensus analyst price target of $35.73. The stock should find initial support at its 50-day moving average (MA) of $34.96 and further support at its 200-day MA of $32.76.
FE: 33.31 (-1.00)
FirstEnergy (FE) Focused on Improving Service Reliability
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 8:58AM CDT
An affiliate of diversified energy company FirstEnergy Corporation (FE), Toledo Edison announced that it has made investments in the infrastructural improvement of its electric distribution system.
FE: 33.31 (-1.00), DTE: 98.14 (-0.04), BKH: 63.09 (-0.44), LNT: 40.42 (+0.15)
Appliance Recycling Program Returns for Customers of FirstEnergy's Pennsylvania Utilities
PR Newswire - Mon Jul 11, 2:09PM CDT
Customers of FirstEnergy Corp.'s (NYSE: FE) Pennsylvania utilities (Penelec, Met-Ed, Penn Power and West Penn Power) can now receive $50 when they choose to recycle an old, working refrigerator or freezer. Low-income customers may qualify for an additional incentive through the program. Scheduling a pickup is easy. Customers can call 888-277-0527 or visit www.energysavePA.com.
FE: 33.31 (-1.00)
FirstEnergy's (FE) Units on Infrastructure Upgrade Drive
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 10:25AM CDT
Diversified energy company FirstEnergy Corporation's (FE) units are making a slew of investments to upgrade infrastructure.
AEP: 69.01 (-0.30), NEE: 127.63 (-0.87), FE: 33.31 (-1.00), NRG: 13.77 (+0.11)
$7 Million in Additional Reliability Work Underway in Met-Ed Service Area for 2016
PR Newswire - Thu Jul 07, 1:30PM CDT
Metropolitan Edison Company (Met-Ed) is beginning work on approximately $7 million of additional electric system projects for 2016 to enhance service reliability for its 560,000 customers.
FE: 33.31 (-1.00)
$11 Million in Additional Reliability Work Underway in Penelec Service Area for 2016
PR Newswire - Thu Jul 07, 1:30PM CDT
Pennsylvania Electric Company (Penelec) is beginning work on approximately $11 million of additional electric system projects for 2016 to enhance service reliability for its 600,000 customers.
FE: 33.31 (-1.00)
JCP&L Completes 15 Major Distribution Line Upgrades to Help Prevent or Reduce Power Outages for Electric Customers
PR Newswire - Fri Jun 24, 10:30AM CDT
Jersey Central Power & Light (JCP&L) has completed upgrades on 15 major circuits serving nearly 28,000 customers in Burlington, Hunterdon, Mercer, Monmouth, Morris, Ocean, Somerset and Warren counties.
FE: 33.31 (-1.00)
FirstEnergy (FE) Crosses Pivot Point Support at $32.92
Comtex SmarTrend(R) - Fri Jun 24, 8:38AM CDT
Shares of FirstEnergy (NYSE:FE) opened today below their pivot of $33.08 and have already reached the first level of support at $32.92. Analysts will be watching for a cross of the next downside pivot targets of $32.68 and $32.28.
FE: 33.31 (-1.00)
JCP&L Completes Union County Cable Replacement Project
PR Newswire - Tue Jun 21, 9:20AM CDT
Jersey Central Power & Light (JCP&L) has completed a $1.7 million cable replacement project in Springfield Township, Union County, adding resiliency to the electric system and enhancing reliability for customers in the area.
FE: 33.31 (-1.00)
FirstEnergy President and CEO Charles E. Jones to Participate in Investor Conference
PR Newswire - Mon Jun 20, 12:41PM CDT
FirstEnergy Corp. (NYSE: FE) today announced that President and Chief Executive Officer Charles E. Jones will give a presentation at the J.P. Morgan Energy Equity Investor Conference on Monday, June 27, 2016, at approximately 4:20 p.m. EDT. The presentation will include a general overview of FirstEnergy, as well as an update on the company's progress on key initiatives and longer-term goals.
JPM: 63.65 (-0.15), FE: 33.31 (-1.00)
Utility Industry Stock Outlook - June 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 4:37PM CDT
Utility Industry Stock Outlook - June 2016
AEP: 69.01 (-0.30), UGI: 46.09 (+1.05), NI: 25.94 (+0.13), FE: 33.31 (-1.00), PEG: 45.16 (-0.23), OGS: 63.99 (-0.61), EIX: 76.56 (-0.49)
FirstEnergy Issues 2016 Sustainability Report Detailing Environmental Achievements and Community Support
PR Newswire - Thu Jun 09, 8:00AM CDT
FirstEnergy Corp. (NYSE: FE) recently issued its 2016 Sustainability Report, which details how the company is making a switch to a cleaner energy future as it continues to provide safe and reliable electric service to customers. The report is available in the environmental section of the company's website at www.firstenergycorp.com.
FE: 33.31 (-1.00)