FirstEnergy (FE, $39.07) is selling $2.4 million of its transmission business to Brookfield Asset Management
FirstEnergy is selling a nearly 20% stake in its transmission business to Brookfield Asset Management for $2.4 billion.
Under the terms of the agreement, Brookfield's infrastructure group would purchase a 19.9% stake in FirstEnergy Transmission LLC that includes subsidiaries American Transmission Systems, Mid-Atlantic Interstate Transmission and Trans-Allegheny Interstate Line Co. The deal implies an electric utility valuation of 40 times trailing earnings per share for the past 12 months.
The electric utility company also announced a deal to issue $1 billion in common stock to Blackstone Infrastructure Partners at $39.08 a share, for smart grid and clean energy transition initiatives.
The deals raise $3.4 billion in equity proceeds, which FirstEnergy aims to use to bolster its financial position, capitalize on incremental investment opportunities and address all equity plans, according to the company ‘s statement.
FE sees MACD Histogram crosses below signal line
FE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 15, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for FE moved out of overbought territory on March 17, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where FE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 15, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FE as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FE advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
FE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 300 cases where FE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.337) is normal, around the industry mean (142.715). FE has a moderately high P/E Ratio (28.722) as compared to the industry average of (18.823). Projected Growth (PEG Ratio) (1.540) is also within normal values, averaging (2.810). Dividend Yield (0.035) settles around the average of (0.047) among similar stocks. P/S Ratio (1.936) is also within normal values, averaging (50.365).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a distributor of electricity and provides energy-related services
Industry ElectricUtilities
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