FirstEnergy Corp. (NYSE: FE) is having an incredibly strong day in the market today, and for good reason. In a press release issued early this morning after announcing a massive investment that could prove to be transformational for the company. Today, we’ll talk about what the investment, what we’re seeing from the stock, and what we’ll be watching for ahead.
FE Gains Big On Transformational Investment
As mentioned above, FirstEnergy is having a strong start to the trading session this morning after announcing a transformational investment. In a release issued early this morning, the company announced that prominent investors, including affiliates of Elliott Management Corporation, Bluescape, GIC, and Zimmer Partners, LP, will invest $2.5 billion into the company.