# If FirstEnergy moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/firstenergy · Facet: ripple · Updated: 2026-09-24T03:46:46.071673+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, FirstEnergy is directly linked to 4 companies (2 supply, 1 revenue, 1 investment relationships) and reaches 9 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-09-24).

FirstEnergy operates across U.S. regulated electric grid. It is +7.6% in 2026. The stock (+7.6%) and its supply side (avg -4.4%) are moving in step. Among connected nodes the furthest ahead is NextEra Energy (+6.2%) and the furthest behind is Constellation Energy (-15%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It spends on purchased power and grid connections for large customers, while Brookfield owns a minority interest in its transmission subsidiary.

## Demand chain (leading)
- T1 First Solar (https://valuechain.wiki/first-solar.md)
- T2 NextEra Energy (https://valuechain.wiki/nextera-energy.md)
- T3 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Entergy (https://valuechain.wiki/entergy.md)
- T3 Xcel Energy (https://valuechain.wiki/xcel-energy.md)
- T3 WEC Energy Group (https://valuechain.wiki/wec-energy-group.md)
- T3 Eversource Energy (https://valuechain.wiki/eversource-energy.md)

## Supply chain (benefiting)
- T1 Constellation Energy (https://valuechain.wiki/constellation-energy.md)
- T2 Cameco (https://valuechain.wiki/cameco.md)
- T1 NextEra Energy (https://valuechain.wiki/nextera-energy.md)
- T2 First Solar (https://valuechain.wiki/first-solar.md)
- T3 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T2 Williams Companies (https://valuechain.wiki/williams.md)
- T2 Quanta Services (https://valuechain.wiki/quanta-services.md)
- T2 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 D-Wave Quantum (https://valuechain.wiki/d-wave.md)
- T3 Workday, Inc. (https://valuechain.wiki/workday.md)
- T1 Brookfield Asset Management Ltd. (https://valuechain.wiki/brookfield.md)
- T2 Duke Energy Corporation (https://valuechain.wiki/duke-energy.md)
- T3 Siemens Energy (https://valuechain.wiki/siemens-energy.md)

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Full node: https://valuechain.wiki/firstenergy.md · JSON: https://valuechain.wiki/firstenergy.json