FirstEnergy Announces $2.15 Billion Notes Offering

FirstEnergy ( (FE) ) has shared an announcement.

On June 9, 2025, FirstEnergy Corp. announced the pricing of its $2.15 billion convertible senior notes offering, with $1.15 billion due in 2029 and $1 billion due in 2031, in a private placement. The proceeds, expected to be approximately $2.13 billion, will be used for repurchasing existing notes, refinancing debt, and general corporate purposes, potentially impacting the company’s financial strategy and market positioning.

The most recent analyst rating on (FE) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on FirstEnergy stock, see the FE Stock Forecast page.

Spark’s Take on FE Stock

According to Spark, TipRanks’ AI Analyst, FE is a Outperform.

FirstEnergy’s solid financial performance and strategic investments drive a strong stock score. Positive earnings call insights and consistent dividend yield further contribute to investor confidence. Technical indicators suggest caution with current market trends, yet the overall valuation remains attractive.

To see Spark’s full report on FE stock, click here.

More about FirstEnergy

FirstEnergy Corp. operates in the energy sector, primarily focusing on the generation, transmission, and distribution of electricity. The company serves a wide range of customers, including residential, commercial, and industrial clients, across multiple states in the United States.

Average Trading Volume: 5,098,288

Technical Sentiment Signal: Buy

Current Market Cap: $23.46B

For detailed information about FE stock, go to TipRanks’ Stock Analysis page.