FirstEnergy drops as investors weigh Q1 results against higher financing and storm costs
FE•FirstEnergy shares fell about 3% on April 30, 2026 after investors digested its Q1 2026 update and kept focus on rising costs tied to its accelerated grid investment plan. The company reaffirmed 2026 core EPS guidance of $2.62–$2.82, but highlighted higher storm restoration expenses and increased financing costs.
1. What’s moving the stock today
FirstEnergy (FE) traded lower on April 30, 2026 as the market repositioned following the company’s first-quarter earnings release and related messaging around its investment-heavy plan. While FirstEnergy reported Q1 2026 GAAP EPS of $0.70 and core EPS of $0.72 and reaffirmed full-year 2026 core EPS guidance of $2.62 to $2.82, investors focused on cost headwinds that can weigh on near-term profitability as spending ramps. (firstenergycorp.com)
