10 Firms Post Impressive Gains on Monday

7. FirstEnergy Corp. (NYSE:FE)

Ohio-based FirstEnergy Corp.’s share prices surged by 4.29 percent on Monday to end at $40.88 apiece as investors gobbled up shares in the company ahead of its earnings report next month.

For the fourth quarter alone, analysts expected the company to report a $0.71 earning per share, up by 14.5 percent from the $0.62 per share reported in the same period last year.

Meanwhile, full-year earnings are expected to jump by 4.3 percent to $2.67 from $2.56 year-on-year. Its EPS is expected to rise 8.6 percent year on year to $2.90 in fiscal 2025.

FirstEnergy is a company engaged in generating, transmitting, and distributing electricity to homes and businesses in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. It also owns and operates renewable power generation facilities across coal, nuclear, hydroelectric, wind, and solar.