FirstEnergy stock slips 1.03 percent after Morgan Stanley cut

Published on 09/21/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FirstEnergy stock closed at USD 45.26 on September 18, 2026, down 1.03 percent. Morgan Stanley cut its price target from 52 to 49 dollars on the same day.

Luftaufnahme eines Hochspannungs-Umspannwerks mit Strommasten in Ohio bei Sonnenuntergang — FirstEnergy Corp. betreibt ein großes Hochspannungs Umspannwerk in Ohio bei Sonnenlicht ISIN US3377381088, Illustration mit AI erstellt.

FirstEnergy Corp. (ISIN US3377381088) stock closed at USD 45.26 on September 18, 2026, down 1.03 percent from the prior NYSE close. Morgan Stanley cut its price target from 52 to 49 dollars on September 18, 2026, while keeping an Overweight rating, according to Yahoo Finance.

Price still sits above the yearly floor

The latest session left FirstEnergy 13.5 percent below its 52-week high of USD 52.34 and 5.2 percent above its 52-week low of USD 43.00, both as of September 18, 2026. Volume reached 5,541,511 shares, above the average volume of 4,183,112, which shows the decline came with active trading rather than a thin tape.

Earnings base remains visible

Yahoo Finance shows Q2 FY26 revenue of USD 3.68 billion and earnings of USD 288 million, with a profit margin of 7.83 percent. It also lists trailing revenue of USD 15.64 billion, trailing net income of USD 1.08 billion and diluted EPS of 1.87, giving the regulated utility a still solid earnings base for the current share price, even after the target cut.

FirstEnergy's trailing P/E stands at 24.20, while the market cap was USD 26.189 billion on September 18, 2026. The stock's YTD return was 4.14 percent, trailing the S&P 500's 11.76 percent over the same period.

Valuation and next date

For investors, the combination of a USD 45.26 close, a USD 49 target and a 4.11 percent forward yield keeps the debate centered on valuation and income. The next earnings date on Yahoo Finance is October 21, 2026, and the ex-dividend date was August 7, 2026.