FirstEnergy stock slides as it underperforms rivals in rising market
Updated
Updated · MarketWatch · Apr 30
FirstEnergy stock slides as it underperforms rivals in rising market
6 articles · Updated · MarketWatch · Apr 30
Shares fell 2.90% to $47.52 on Thursday, while the S&P 500 rose 1.02% and the Dow gained 1.62%.
It was FirstEnergy's second straight daily loss and left the stock 9.21% below its 52-week high of $52.34 reached on 9 April.
Peers outperformed, with NextEra Energy, Southern and Dominion Energy all rising more than 3%, while FirstEnergy trading volume jumped to 16.2 million against a 50-day average of 4.4 million.
As AI fuels a utility boom, why is FirstEnergy's stock suddenly falling behind?
With a major trial looming, can FirstEnergy's strong profits overcome its scandalous past?