FirstEnergy Grid Upgrade In Monmouth Tests Valuation And Earnings Outlook

Simply Wall St

Wed, February 11, 2026 at 4:11 PM GMT+9 3 min read

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FE

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FirstEnergy subsidiary Jersey Central Power & Light is launching a major grid upgrade in northern Monmouth County as part of the long term Energize365 program.

The project targets nearly 25,000 homes and businesses with modernized lines, new poles, and added redundancy to support more reliable service.

This work is one piece of a planned multi year $28b capital investment across FirstEnergy's service territories.

For investors tracking NYSE:FE, this Monmouth County project is a fresh, concrete example of how the company is deploying large scale capital across its regulated network. The shares most recently traded at $47.66, with returns of 6.7% over the past 30 days and 22.7% over the past year, alongside a 34.5% return over three years and 83.0% over five years.

The JCP&L upgrade fits into the broader Energize365 plan, which is designed to modernize infrastructure and support future electricity demand across FirstEnergy’s footprint. For you as a shareholder or prospective investor, it is another data point on where the company is focusing its spending, how it is trying to reinforce its regional presence, and how it is positioning its grid for long term usage trends.

Stay updated on the most important news stories for FirstEnergy by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on FirstEnergy.

NYSE:FE Earnings & Revenue Growth as at Feb 2026

📰 Beyond the headline: 2 risks and 3 things going right for FirstEnergy that every investor should see.

Quick Assessment

**⚖️ Price vs Analyst Target**: At US$47.66, FirstEnergy trades about 5.1% below the US$50.23 analyst price target, which is within the 10% band of fair value territory.

**❌ Simply Wall St Valuation**: The shares are described as trading 64.1% above estimated fair value, which flags a rich valuation against that model.

**✅ Recent Momentum**: A 30 day return of 6.7% shows positive short term momentum as this grid upgrade news lands.

There is only one way to know the right time to buy, sell or hold FirstEnergy. Head to Simply Wall St’s company report for the latest analysis of FirstEnergy’s Fair Value.

Key Considerations

📊 The Energize365 work in Monmouth County highlights ongoing capital deployment into regulated grid assets that can influence future earnings and allowed returns.

📊 Keep an eye on the relationship between the current US$47.66 price, the US$50.23 analyst target, and the 20.7x P/E relative to the Electric Utilities industry average of about 21x.

⚠️ With interest payments not well covered by earnings and a dividend that is not well covered by free cash flow, funding large projects like this upgrade makes balance sheet strength an important watchpoint.

 






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Dig Deeper

For the full picture including more risks and rewards, check out the complete FirstEnergy analysis. Alternatively, you can check out the community page for FirstEnergy to see how other investors believe this latest news will impact the company’s narrative.

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include FE.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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