Bribery Investigation to Create Overhang on FirstEnergy (FE) - KeyBanc

The Ohio bribery investigations is likely to create near-term overhang in FirstEnergy (NYSE: FE), KeyBanc analyst Sophi Karp commented.

Kapr commented, "According to media reports, earlier today OH House Speaker Larry Householder was arrested in connection with a bribery investigation related to the passage of HB-6, the bill that provided subsidies for OH struggling nuclear power plants. We expect the investigation to create an overhang on the shares of FE in the NT."

You May Also Be Interested In

• Pentagon reportedly locked down, hazmat teams responding
• US CDC Activates Level 3 Emergency Response For Screwworm - Bloomberg
• Casey's General Stores (CASY) PT Raised at KeyBanc with 'Momentum Heading into Investor Day'