FirstEnergy’s Path Forward: Legal Challenges and Strategic Investment

FirstEnergy finds itself at a critical juncture, balancing a complex legal legacy against an ambitious, capital-intensive strategy for the future. The U.S. utility is channeling billions into grid modernization, even as it continues to confront the fallout from a significant bribery scandal involving its former leadership. The central question for investors is whether this substantial investment plan can ultimately overshadow the company’s past legal troubles.

Despite ongoing legal headwinds, the outlook from market analysts is improving. Wolfe Research recently upgraded its rating on FirstEnergy shares to “Outperform.” In a separate move, S&P Global Ratings elevated the company’s credit rating to “BBB+,” citing tangible improvements in corporate governance Read more...