FirstEnergy Announces Convertible Senior Notes Offering

FirstEnergy ( (FE) ) just unveiled an announcement.

On June 9, 2025, FirstEnergy Corp. announced its intention to offer $950 million in Convertible Senior Notes due 2029 and $850 million due 2031, subject to market conditions. The proceeds from this private placement will be used for repurchasing existing notes, refinancing debt, and other 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. is a major player in the energy industry, operating one of the largest investor-owned electric systems in the United States. The company serves over 6 million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. Its transmission subsidiaries manage approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

Average Trading Volume: 5,003,737

Technical Sentiment Signal: Strong Buy

Current Market Cap: $23.46B

Learn more about FE stock on TipRanks’ Stock Analysis page.