FirstEnergy Soars 12.23% on Earnings Shift

On April 18, 2025, FirstEnergy's stock surged by 12.23% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

FirstEnergy has recently transitioned to reporting core earnings instead of operating earnings for the year 2025. This shift in reporting methodology is expected to provide a clearer picture of the company's financial health and operational performance.

Analysts are anticipating FirstEnergy to report earnings of $0.58 per share and revenue of $3.68 billion for the upcoming quarter. This forecast has contributed to the positive sentiment surrounding the stock, as investors look forward to the company's earnings release on April 23, 2025.

FirstEnergy's subsidiary, Jersey Central Power & Light Company, has initiated an exchange offer for $700 million in senior notes with a 5.100% yield maturing in 2035. This debt restructuring effort is part of the company's strategy to optimize its capital structure and improve financial flexibility.