COMPARE · Reviewed July 23, 2026
FE vs MWH
Verdict: Side-by-side breakdown using the Bull Rankings model. FE scored 61.9, MWH scored 72.0 — MWH leads.
Compare another set
FE
FirstEnergy Corp.
61.9
$49.49 · $28.6B
Score gap
10.1
MWH leads
MWH
SOLV Energy, Inc.
72
$29.93 · $6.3B
The model, pillar by pillar (0–100 each)
FE
stronger →← stronger
MWH
55
Qualityreturns · margins · balance sheet
77
82
Growthrevenue & earnings expansion
100
53
Valuevaluation vs sector peers
82
MWH is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
FE
MWH
-$1.7bF
FCF
$368mC
+11.3%B
Rev
+34.8%A
1.99C
D/E
0.10A
1.8xB+
P/S
—
1.72C+
PEG
1.37B
—
P/E
47.5xD
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
FE
MWH
—
Price vs fair valuelower is cheaper
15% below
—
Growth the price implies10-yr FCF · lower = less priced in
~7%/yr
—
1-yr DCF upside
-2%
—
5-yr DCF upside
+17%
—
10-yr DCF upside
+53%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
FE
Why this score
- Durable high returns
MWH
Why this score
- Short track record
The companies
FEFirstEnergy Corp.
Why now
Utilities - Regulated Electric · market cap $28.6b. 5% off the 52-week high of $52.34. Revenue growing +11%, comfortably above the S&P median. 13 sell-side analysts rate this a Buy with a mean 1-yr target of $52.92 (implying +7% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Free cash flow is negative (-$1.7b) — capital raises or debt issuance likely required; dilution / leverage risk.
MWHSOLV Energy, Inc.
Why now
Utilities - Renewable · market cap $6.3b. Down 38% from 52-week high of $48.40 — deep drawdown territory. Revenue growing +35% — in hypergrowth territory. 11 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $47.18 (implying +58% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Down 38% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Trailing P/E 48x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates. Net margin 4.6% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.