FirstEnergy Data Center pipeline reaches 26GW with West Virginia at 6GW. Abdul-Rahman Oladimeji October 30, 2026 FirstEnergy's data center pipeline grew to 26 GW in the third quarter. The pipeline expanded 4.8% from the prior quarter, and the West Virginia portion climbed to 6 GW from 4.3 GW. Monongahela Power and Potomac Edison, the FirstEnergy utilities behind the Maidsville Energy Center, expect a final Featured: High-voltage electrical substation and transmission network powering industrial regional load.order from the West Virginia Public Service Commission this quarter, FirstEnergy said in its third-quarter results. The two utilities would build and own Maidsville, a 1,200 MW combined-cycle gas plant plus three solar projects totaling 70 MW, next to FirstEnergy's existing Fort Martin station. Siemens Energy holds a turbine reservation agreement for the project, with delivery expected in 2030, and the utilities have issued a request for proposals for another 3 GW of combined-cycle turbines to serve data center load in the state, Utility Dive reported. FirstEnergy puts the project at roughly $2.7 billion and is seeking to recover costs through a Generation Projects Surcharge, the Dominion Post reported. West Virginia's pipeline rose from 4.3 GW three months earlier, IDCNOVA reported. FirstEnergy has 7.9 GW of contracted large-load demand across its footprint, nearly double the level at the start of the year, and is negotiating about 4 GW more. The company says interest spans Maryland, Ohio, Pennsylvania and West Virginia. "Maidsville is an important investment on its own, but we see it as the first of a broader set of opportunities in West Virginia," said Brian Tierney, FirstEnergy chairman, president and CEO. Tierney said the state "has the potential to become a major center for new electricity generation." FirstEnergy is also weighing "bridge" generation that can be built quickly while transmission and larger plants are under development. Tierney said customers seeking 1 GW campuses want to start with a roughly 100 MW building, using reciprocating engines, fuel cells or batteries that could later move to other large-load projects. Data center demand is expected to raise FirstEnergy's transmission investment by at least 25%, or $4.75 billion, above its current $19 billion plan, and the company estimates about $250 million of transmission upgrades per gigawatt of load. The project has drawn organized opposition. The Public Service Commission has received 662 letters against Maidsville, virtually all identical form letters, and opponents told regulators the utilities overestimated data center load growth and that surplus power would raise customer costs. The Ohio River Valley Institute filed a comment in case FE 26-0108-E-CN arguing that data center costs should not be shifted to existing customers, according to its filing. FirstEnergy estimated in June that the gas plant would cost $2.48 billion and the three solar sites $182 million, with an initial residential surcharge of $1.18 a month, or 0.9%. FirstEnergy reported third-quarter net income of $557 million, or $0.96 per share, on $4.6 billion of revenue, up from $441 million a year earlier. Baxtel tracks 18 data center facilities in West Virginia, most of them small network sites, and records 720 MW planned for the second building at Nscale's Monarch campus on the Ohio River. Siemens Energy turbines are due for delivery in 2030, and Tierney said the remaining major contracts are on track to be signed shortly after the commission issues its order. Related on Baxtel Site plan for Monarch Compute Campus in Point Pleasant, West Virginia Posted in Nscale: Monarch Compute Bldg1 Source: HDMedia Rendering of Monarch Compute Campus in Western Virginia Posted in Nscale: Monarch Compute Bldg1 | | Location | About | Total SqFt | Power (MW) | | QTS: Kearneysville 2 | This facility is part of QTS Kearneysville Campus in West Virginia. | / | / | | Hyperscale Data Center | Data center facility details are available on request. | / | / | | Max | Data center facility details are available on request. | / | / | | Segra: Charleston 1200 Greenbrier | / | / | NN | | QTS: Kearneysville 1 | The QTS Kearneysville data center campus is slated for a 300-acre property strategically split be... | / | / |

FirstEnergy Corporation $FE stake trimmed by Bokf Na. October 29, 2026 Key points. * Bokf Na reduced its FirstEnergy stake by 16.7% in the third quarter, selling 54,824 shares and retaining 273,074 shares valued at approximately $11.8 million. Institutional investors and hedge funds own 89.41% of the company. * FirstEnergy exceeded third-quarter earnings expectations, reporting $0.98 in adjusted EPS on $4.56 billion in revenue, with revenue up 12.2% year over year. * The company declared a quarterly dividend of $0.465 per share, equivalent to a 4.0% annualized yield, while analysts maintain a "Moderate Buy" consensus rating with an average price target of $50.77. * MarketBeat previews the top five stocks to own by November 1st. Bokf Na reduced its stake in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,074 shares of the utilities provider's stock after selling 54,824 shares during the quarter. Bokf Na's holdings in FirstEnergy were worth $11,832,000 at the end of the most recent reporting period. A number of other large investors also recently bought and sold shares of the stock. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of FirstEnergy in the 2nd quarter valued at approximately $9,878,000. Assenagon Asset Management S.A. raised its holdings in FirstEnergy by 6,066.6% in the second quarter. Assenagon Asset Management S.A. now owns 495,299 shares of the utilities provider's stock valued at $23,547,000 after acquiring an additional 487,267 shares in the last quarter. Nykredit A S purchased a new stake in shares of FirstEnergy during the 2nd quarter worth $1,033,000. Engineers Gate Manager LP lifted its holdings in FirstEnergy by 612.9% during the 2nd quarter. Engineers Gate Manager LP now owns 93,410 shares of the utilities provider's stock worth $4,441,000 after buying an additional 80,308 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in FirstEnergy by 32.9% in the second quarter. Hsbc Holdings PLC now owns 1,141,365 shares of the utilities provider's stock valued at $54,332,000 after purchasing an additional 282,866 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds. FirstEnergy stock performance. FE stock opened at $46.43 on Thursday. The firm has a market cap of $26.86 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.71 and a beta of 0.43. FirstEnergy Corporation has a 12-month low of $42.67 and a 12-month high of $52.34. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.88. The stock's 50 day simple moving average is $45.43 and its 200 day simple moving average is $47.48. FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Tuesday, October 27th. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.90 by $0.08. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business earned $0.83 earnings per share. The business's quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that FirstEnergy Corporation will post 2.74 EPS for the current year. FirstEnergy dividend announcement. The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be issued a dividend of $0.4650 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.86 annualized dividend and a yield of 4.0%. FirstEnergy's dividend payout ratio is currently 98.94%. Wall Street analyst weigh in. FE has been the subject of a number of recent research reports. Mizuho set a $47.00 price target on shares of FirstEnergy in a research note on Monday, October 12th. JPMorgan Chase & Co. reduced their target price on shares of FirstEnergy from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, October 19th. HSBC assumed coverage on FirstEnergy in a research note on Thursday, October 22nd. They issued a "buy" rating and a $50.00 price target on the stock. Wall Street Zen upgraded shares of FirstEnergy from a "sell" rating to a "hold" rating in a research report on Saturday, September 19th. Finally, New Street Research set a $47.00 target price on shares of FirstEnergy in a research report on Tuesday, October 13th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.77. Discover more MarketBeat All Access MarketBeat Research Tools Key stories impacting FirstEnergy. Here are the key news stories impacting FirstEnergy this week: * Q3 results exceeded expectations. FirstEnergy reported GAAP earnings of $0.96 per share and Core Earnings of $0.98 per share, ahead of the $0.90 consensus estimate. Revenue rose 12.2% year over year to approximately $4.6 billion, while GAAP earnings increased from $0.76 to $0.96 per share. * Management reaffirmed its outlook. FirstEnergy maintained its 2026 Core Earnings guidance of $2.62 to $2.82 per share and expects results at or slightly above the midpoint. It also reiterated a 6%-8% long-term Core Earnings growth target through 2030, supported by a $36 billion five-year capital plan. * Data-center and large-load demand supports future growth. FirstEnergy reported 7.9 gigawatts of contracted demand from large-load customers and is negotiating roughly 4 additional gigawatts. Stronger electricity demand, including from data centers, could support rate-base expansion and future earnings. * Analyst coverage added a bullish signal. BMO Capital Markets initiated coverage with an "Outperform" rating and a $50 price target, implying additional upside from the referenced share price. * FirstEnergy Transmission subsidiary Keystone Appalachian Transmission was selected for a federally funded project evaluating technologies intended to improve western Pennsylvania grid reliability and accommodate rising demand. * The company's large capital program and contracted-load pipeline strengthen its long-term growth profile, although utilities remain exposed to execution needs, financing costs and regulatory approvals. FirstEnergy profile. FirstEnergy Corp. NYSE: FE is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service. FirstEnergy's distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider FirstEnergy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstEnergy wasn't on the list. 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FirstEnergy Q3 2026 earnings rise, long-term growth targets reaffirmed. FirstEnergy Corp. reported third-quarter 2026 GAAP earnings of $557 million, or $0.96 per basic and diluted share, on revenue of $4.6 billion, according to the company's press release. The Ohio-based utility said those figures compare with GAAP earnings of $441 million, or $0.76 per share, on revenue of $4.1 billion in the same quarter of 2025. Core Earnings, a non-GAAP measure, came to $0.98 per share for the quarter, up from $0.83 per share a year earlier. FirstEnergy attributed the results to continued execution of its investment strategy, financial discipline and improved operations across its service territory. For the first nine months of 2026, the company reported GAAP earnings of $1.3 billion, or $2.16 per share, on revenue of $12.4 billion. That compares with GAAP earnings of $1.1 billion, or $1.85 per share, on revenue of $11.3 billion in the first nine months of 2025. Year-to-date Core Earnings through September 30 were $2.20 per share, a 9% increase from $2.02 per share in the prior-year period. Guidance and capital plan. FirstEnergy reaffirmed its 2026 Core Earnings guidance range of $2.62 to $2.82 per share and said it expects results at or slightly above the midpoint. It also reaffirmed a Core Earnings compound annual growth rate near the top end of a 6% to 8% range through 2030, supported by a five-year, $36 billion capital investment plan known as Energize365. The plan is aimed at modernizing the grid, renewing distribution infrastructure and strengthening transmission reliability. FirstEnergy said it deployed $4.9 billion toward Energize365 in the first nine months of 2026. The company added that opportunities tied to new generation and additional transmission investment could meaningfully increase its investment and earnings growth profile. Generation expansion in West Virginia. FirstEnergy is moving to expand generation in West Virginia as electricity demand grows in the state. The company has secured turbines through a reservation agreement with Siemens for the proposed Maidsville Energy Center, with delivery expected in 2030. It is seeking approval from the West Virginia Public Service Commission for the combined cycle gas generating facility and projects a final order in the fourth quarter of 2026. Board Chairman, President and Chief Executive Officer Brian X. Tierney said the company is delivering on its commitments while positioning itself for the next phase of growth, and that strong execution supports confidence in the long-term outlook. He described Maidsville as an important investment on its own and as the first of a broader set of opportunities in West Virginia, which he said has the potential to become a major center for new electricity generation. Tierney said the company is working with prospective customers, advancing new generation projects and securing needed equipment, with a focus on meeting growing demand while protecting existing customers and delivering economic benefits to communities. Transmission and load growth. Transmission remains a foundational part of FirstEnergy's business and investment strategy. The company said its transmission network sits in the heart of PJM, which serves more than 65 million people, and that it plays a critical role in connecting the grid and delivering power where needed. FirstEnergy reported 7.9 gigawatts of contracted demand from large-load customers across its service territory, nearly double the level at the beginning of the year, and said it is in active negotiations for approximately 4 gigawatts of additional load. Those demands, together with infrastructure needed to support the regional grid, are expected to drive at least a 25% increase in the company's current $19 billion transmission investment plan for 2026 through 2030 when the plan rolls forward to 2027 through 2031. FirstEnergy's electric distribution companies serve more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York, and its transmission subsidiaries operate more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.