FirstEnergy Corp. Continues Power Restoration Efforts

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FirstEnergy (FE) has restored power to 92% of the 668,000 customers affected by recent storms, with 56,000 still without service, primarily in central and northeast Ohio and western Pennsylvania. The company has mobilized over 6,900 personnel and expects another storm system tonight and tomorrow, prompting continued prioritization of restoration efforts. Wall Street analysts have a “Moderate Buy” rating for FE, with recent price target increases from JPMorgan and BofA.

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