Jefferies cuts FirstEnergy stock price target to $43
The revised price target reflects Jefferies' analysis of the company's growth prospects and the potential impact of external factors on its financial outlook. FirstEnergy (NYSE:FE)'s stock performance in the coming months may be influenced by the resolution of its Ohio cases and the company's ability to achieve its projected rate base growth.
Why Did FirstEnergy Corp (FE) Stock See -10.71% Plunge in the Last 90 Days?
On Thursday, FirstEnergy Corp (FE) stock saw a decline, ending the day at $39.02 which represents a decrease of $-0.40 or -1.01% from the prior close of $39.42. The stock opened at $39.14 and touched a low of $38.76 during the day, reaching a high of $39.29. The volume of shares traded was 4.90 million exceeding the average volume of 2.80 million.
Wolfe Research Downgrades FirstEnergy (FE)
Fintel reports that on January 23, 2025, Wolfe Research downgraded their outlook for FirstEnergy (NYSE:FE) from Outperform to Peer Perform. Analyst Price Forecast Suggests 23.77% Upside As of December 23,
FirstEnergy downgraded at Wolfe as old concerns resurface
FirstEnergy downgraded by Wolfe Research, seeing concerns on low-quality pension and coal earnings resurfacing, while the Ohio rate case remains an overhang.
FirstEnergy stock rating cut to Peerperform at Wolfe Research
The analyst noted that while the transition away from low-quality earnings is generally a positive move, it is concerning if FirstEnergy cannot identify adequate compensatory measures. This issue is particularly pronounced as most of the sector seems set to experience an upward trend in earnings outlooks,
FirstEnergy Corp. stock underperforms Thursday when compared to competitors
This was the stock's second consecutive day of losses.
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FirstEnergy Stock Slips After Wolfe Downgrade, But Retail Remains Optimistic
FirstEnergy Corp.’s (FE) stock dipped over 1% in early morning trade on Thursday after Wolfe Research downgraded the shares ...
Former energy executives face federal charges in massive Ohio bribery scheme
Two former energy executives are charged in a racketeering scheme and turned themselves into federal authorities on Friday.
FirstEnergy downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded FirstEnergy (FE) to Peer Perform from Outperform with a $38-$43 fair value estimate. The firm sees concerns on ...
Former FirstEnergy executives indicted in Ohio bribery scheme
A former CEO and one of his top executives at an Ohio energy company have been indicted on federal racketeering charges.
Two former FirstEnergy execs indicted on federal racketeering charges
A federal grand jury has indicted Charles E. Jones, 69, of Akron and Michael Dowling, 60, of Massillon, on one count each of ...
FirstEnergy price target raised to $52 from $50 at Guggenheim
Guggenheim raised the firm’s price target on FirstEnergy (FE) to $52 from $50 and keeps a Buy rating on the shares. The firm, which shuffled ...
FirstEnergy Corp. stock outperforms competitors despite losses on the day
Shares of FirstEnergy Corp. FE slipped 2.14% to $39.42 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.61% to 6,086.37 and ...
Former FirstEnergy executives face federal charges in massive bribery scheme
Two former FirstEnergy executives are charged in a racketeering scheme and turned themselves into federal authorities on ...
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Ohio’s New U.S. Senator Jon Husted Has a History of Connections to Energy and Charter Scandals
The same day Jon Husted was tapped to be Ohio’s next U.S. Senator, former FirstEnergy executives were indicted on federal ...