First National Energy Corp
First National Energy Corporation focuses on providing wind-driven solutions for power generation. It intends to build, install, and operate its proprietary supplemental wind generation devices. The company was formerly known as First National Power Corp. and changed its name to First National Energy Corporation in February 2009. First National Energy Corporation was founded in 2000 and is based … Read more
First National Energy Corp (FNEC) - Net Assets
Latest net assets as of December 2025: $4.81 Million USD
Based on the latest financial reports, First National Energy Corp (FNEC) has net assets worth $4.81 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.07 Million) and total liabilities ($261.87K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.81 Million |
| % of Total Assets | 94.83% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 58.46 |
First National Energy Corp - Net Assets Trend (2004–2025)
This chart illustrates how First National Energy Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First National Energy Corp (2004–2025)
The table below shows the annual net assets of First National Energy Corp from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.81 Million | -0.47% |
| 2024-12-31 | $4.83 Million | +12.17% |
| 2023-12-31 | $4.31 Million | -27.07% |
| 2022-12-31 | $5.90 Million | +857.28% |
| 2021-12-31 | $-779.75K | -0.63% |
| 2020-12-31 | $-774.89K | -3.47% |
| 2019-12-31 | $-748.88K | -1.85% |
| 2018-12-31 | $-735.27K | -1.42% |
| 2017-12-31 | $-724.99K | -2.35% |
| 2016-12-31 | $-708.31K | -1.78% |
| 2015-12-31 | $-695.95K | -3.36% |
| 2014-12-31 | $-673.34K | -1.83% |
| 2013-12-31 | $-661.25K | -2.38% |
| 2012-12-31 | $-645.90K | -7.95% |
| 2011-12-31 | $-598.32K | -11.20% |
| 2010-12-31 | $-538.08K | -136.12% |
| 2009-12-31 | $1.49 Million | +896.61% |
| 2008-12-31 | $-187.02K | -71.77% |
| 2007-12-31 | $-108.88K | -39.38% |
| 2006-12-31 | $-78.11K | -158.17% |
| 2004-12-31 | $-30.26K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First National Energy Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 132521400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $103.08K | 2.14% |
| Other Comprehensive Income | $-10.00 | 0.00% |
| Other Components | $6.08 Million | 126.48% |
| Total Equity | $4.81 Million | 100.00% |
First National Energy Corp Competitors by Market Cap
The table below lists competitors of First National Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EXLSERVICE HLDG
BE:LHV
|
$346.58K |
|
Føroya Banki
F:BNW
|
$346.60K |
|
Devonian Health Group Inc.
OTCQB:DVHGF
|
$347.02K |
|
Oceanpal Inc
NASDAQ:OP
|
$347.23K |
|
2G ENERGY
BE:2GB
|
$346.39K |
|
Metlen Energy & Metals PLC
LSE:MTLN
|
$346.00K |
|
Nordea Invest Nordic Small Cap KL 1
CO:NDINSCKL1
|
$345.87K |
|
Amanet Management & Systems Ltd
TA:AMAN
|
$345.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First National Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,830,871 to 4,808,172, a change of -22,699 (-0.5%).
- Net loss of 22,755 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.75K | -0.47% |
| Other Changes | $56.00 | +0.0% |
| Total Change | $- | -0.47% |
Book Value vs Market Value Analysis
This analysis compares First National Energy Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.52x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $-0.03 | $0.02 | x |
| 2003-12-31 | $-0.07 | $0.02 | x |
| 2004-12-31 | $-0.04 | $0.02 | x |
| 2006-12-31 | $-0.10 | $0.02 | x |
| 2007-12-31 | $-0.14 | $0.02 | x |
| 2008-12-31 | $-0.24 | $0.02 | x |
| 2009-12-31 | $0.02 | $0.02 | x |
| 2010-12-31 | $-0.01 | $0.02 | x |
| 2011-12-31 | $-0.01 | $0.02 | x |
| 2012-12-31 | $-0.01 | $0.02 | x |
| 2013-12-31 | $-0.01 | $0.02 | x |
| 2014-12-31 | $-0.01 | $0.02 | x |
| 2015-12-31 | $-0.01 | $0.02 | x |
| 2016-12-31 | $-0.01 | $0.02 | x |
| 2017-12-31 | $-0.01 | $0.02 | x |
| 2018-12-31 | $-0.01 | $0.02 | x |
| 2019-12-31 | $-0.01 | $0.02 | x |
| 2020-12-31 | $-0.01 | $0.02 | x |
| 2021-12-31 | $-0.01 | $0.02 | x |
| 2022-12-31 | $0.06 | $0.02 | x |
| 2023-12-31 | $0.04 | $0.02 | x |
| 2024-12-31 | $0.05 | $0.02 | x |
| 2025-12-31 | $0.05 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First National Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-0.47%) is above the historical average (-0.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.65K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-102.12K |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-72.39K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-25.15K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-19.87K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-59.94K |
| 2009 | -14.16% | 0.00% | 0.00x | 1.18x | $-359.98K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-21.42K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-393.30 |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $17.04K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $50.78K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $55.25K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $46.99K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $58.47K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-104.17K |
| 2018 | 0.00% | -441.48% | 0.92x | 0.00x | $48.15K |
| 2019 | 0.00% | -24300.50% | 0.00x | 0.00x | $26.29K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $51.48K |
| 2021 | 0.00% | -2430.00% | 0.00x | 0.00x | $73.12K |
| 2022 | 0.48% | 1.46% | 0.28x | 1.17x | $-562.16K |
| 2023 | 2.52% | 6.67% | 0.32x | 1.18x | $-322.03K |
| 2024 | -1.87% | 0.00% | 0.00x | 1.05x | $-573.55K |
| 2025 | -0.47% | 0.00% | 0.00x | 1.05x | $-503.57K |
Industry Comparison
This section compares First National Energy Corp's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $630,365,243
- Average return on equity (ROE) among peers: -486.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First National Energy Corp (FNEC) | $4.81 Million | 0.00% | 0.05x | $346.57K |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.21 |
| Arsenal Digital Holdings Inc. (ADHI) | $2.76K | -475.49% | 13.00x | $490.28 |
| AGIG (AGIG) | $7.68 Million | -3.27% | 0.02x | $16.09K |
| Aker Horizons ASA (AKHOF) | $6.19 Billion | -72.39% | 3.40x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $9.03K | -4188.55% | 4.62x | $3.01K |
| Altus Power Inc (AMPS) | $132.11 Million | -4.63% | 1.82x | $266.49 Million |
| Astra Energy Inc (ASRE) | $-19.30 Million | 0.00% | 0.00x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $14.68 Million | -10.29% | 0.02x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-1.23 Million | 0.00% | 0.00x | $347.58 |