FirstEnergy stock slips 1.03 percent after target cut

Published on 09/22/2026 at 14:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FirstEnergy stock closed at USD 45.26 on September 18, 2026, after Morgan Stanley cut its target to USD 49. Q2 revenue reached USD 3.68 billion.

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) closed at USD 45.26 on the NYSE on September 18, 2026, down 1.03 percent from the prior close. The move followed Morgan Stanley's reduction of its price target from USD 52 to USD 49 while retaining an Overweight rating.

Morgan Stanley lowers target to USD 49

According to Robinhood on September 18, 2026, Morgan Stanley lowered its FirstEnergy target to USD 49 from USD 52 and kept the Overweight rating. The USD 3 reduction equals a 5.8 percent cut from the former target, placing the new target USD 3.74 above the September 18 close.

The valuation debate is therefore more specific than the daily decline alone. At USD 45.26, FirstEnergy traded 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 on September 18, 2026.

Second-quarter revenue reaches USD 3.68 billion

Ad Hoc News reported on September 21, 2026, that FirstEnergy posted Q2 FY26 revenue of USD 3.68 billion and earnings of USD 288 million. The reported profit margin was 7.83 percent, while trailing revenue stood at USD 15.64 billion and trailing net income at USD 1.08 billion.

The comparison with the share price gives the stock a mixed profile. FirstEnergy's trailing diluted EPS was USD 1.87 and its trailing P/E ratio was 24.20, while the September 18 market capitalization was USD 26.189 billion. The stock's 4.14 percent year-to-date return also trailed the S&P 500's 11.76 percent return during the same period, a gap of 7.62 percentage points.

FirstEnergy stock stays above USD 45

Trading volume reached 5,541,511 shares on September 18, 2026, above the average volume of 4,183,112 shares. The higher activity gives the target revision more weight than a price move on unusually thin turnover.

FirstEnergy stock closed at USD 45.26 on the NYSE on September 18, 2026. The next earnings date listed for the company is October 21, 2026, according to Ad Hoc News.