P/E Ratio Insights for FirstEnergy
Portfolio Pulse from Benzinga Insights
FirstEnergy Inc. (NYSE:FE) shares are trading at $42.27, with a recent 0.14% drop. The stock decreased by 4.52% over the past month but increased by 17.42% over the past year. Its P/E ratio of 27.13 is higher than the Electric Utilities industry average of 18.77, suggesting potential overvaluation.
October 11, 2024 | 2:00 pm
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FirstEnergy's P/E ratio of 27.13 is higher than the industry average, suggesting potential overvaluation despite a 17.42% increase over the past year. The stock's recent 4.52% monthly decline may indicate short-term challenges.
The article highlights FirstEnergy's P/E ratio being higher than the industry average, which could indicate overvaluation. The recent 4.52% monthly decline suggests short-term challenges, impacting investor sentiment negatively.
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