About FirstEnergy Corp
FirstEnergy Corp is a company based in United States founded in 1997.. The company has 12,290 employees as of December 31, 2024. FirstEnergy Corp offers products and services including Electricity Supply and Outage Management.
- Headquarter United States
- Employees 12290 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Firstenergy Corp.
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Annual Revenue
$13.47 B4.68as on Dec 31, 2024
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Net Profit
$978 M-11.25as on Dec 31, 2024
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EBITDA
$3.73 B7.47as on Dec 31, 2024
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Latest Funding Round
$2.5 B (USD), Post-IPO
Jan 22, 2018
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Investors
Elliott Management
& 4 more
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Employee Count
12290
as on Dec 31, 2024
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IPO & Listings of FirstEnergy Corp
FirstEnergy Corp is a publicly listed company on the NYSE with ticker symbol FE in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of FirstEnergy Corp
FirstEnergy Corp offers a comprehensive portfolio of products and services, including Electricity Supply and Outage Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electricity is supplied to residential and commercial customers across various regions.
Outage management services are provided for reporting and monitoring power disruptions.
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Software Development Team
75 people
Legal and Compliance
29 people
Leadership Team
23 people
Finance and Accounting
16 people
Operations Team
16 people
Human Resources and Administration
15 people
Manager Team
14 people
Engineer Team
10 people
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Funding Insights of FirstEnergy Corp
- Total Funding Total Funding
- Total Rounds 9
- Last Round Post-IPO — $2.5B
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First Round
First Round
(07 Sep 2006)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Post-IPO - FirstEnergy Corp | Valuation |
investors |
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| Dec, 2016 | Amount | Post-IPO - FirstEnergy Corp | Valuation |
investors |
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| Jun, 2010 | Amount | Grant - FirstEnergy Corp | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FirstEnergy Corp
FirstEnergy Corp has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Elliott Management, Bluescape and GIC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the hedge fund.
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Founded Year | Domain | Location | |
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Bluescape is recognized as a virtual workspace for secure collaboration.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FirstEnergy Corp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FirstEnergy Corp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Firstenergy Corp Comparisons
Competitors of FirstEnergy Corp
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Firstenergy Corp
Frequently Asked Questions about FirstEnergy Corp
When was FirstEnergy Corp founded?
FirstEnergy Corp was founded in 1997 and raised its 1st funding round 9 years after it was founded.
Where is FirstEnergy Corp located?
FirstEnergy Corp is headquartered in United States.
Who is the current CEO of FirstEnergy Corp?
Charles Jones is the current CEO of FirstEnergy Corp.
How many employees does FirstEnergy Corp have?
As of Dec 31, 2024, the latest employee count at FirstEnergy Corp is 12,290.
What is the annual revenue of FirstEnergy Corp?
Annual revenue of FirstEnergy Corp is $13.47B as on Dec 31, 2024.
What does FirstEnergy Corp do?
In 2022, the company recorded annual revenues of 12.7B and a net profit of 0.41B.
What products or services does FirstEnergy Corp offer?
FirstEnergy Corp offers Electricity Supply and Outage Management.
Is FirstEnergy Corp publicly traded?
Yes, FirstEnergy Corp is publicly traded on NYSE under the ticker symbol FE.
Who are FirstEnergy Corp's investors?
FirstEnergy Corp has 5 investors. Key investors include Elliott Management, Bluescape, GIC, Zimmer & Partners, and OSTI.GOV.
What is FirstEnergy Corp's ticker symbol?
The ticker symbol of FirstEnergy Corp is FE on NYSE.
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