Goldman Sachs cuts FirstEnergy target to USD 53.00 for FirstEnergy stock

Published on 10/17/2026 at 20:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results due October 27, 2026 with USD 0.94 earnings per share expected. FirstEnergy stock closed at USD 46.19 on October 16, 2026, up 1.41 percent on the NYSE.

Analyst target and earnings date

Goldman Sachs lowered its FirstEnergy target from USD 55.00 to USD 53.00 on October 15, 2026.
FirstEnergy is expected to report USD 0.94 earnings per share for the third quarter on October 27, 2026, versus USD 0.83 a year earlier.
FirstEnergy stock closed at USD 46.19 on the NYSE on October 16, 2026, up 1.41 percent versus the prior close of October 15, 2026.
FirstEnergy had a USD 26.7 billion market capitalization and a 24.63 price-to-earnings ratio as of October 16, 2026.

FirstEnergy, US3379321074, Illustration mit AI erstellt.

Goldman Sachs lowered its FirstEnergy price target from USD 55.00 to USD 53.00 on October 15, 2026, while retaining an overweight view, according to Yahoo Finance. The new target stands 14.74 percent above the October 16 closing price of USD 46.19. FirstEnergy stock closed up 1.41 percent on the NYSE at 4:00 p.m. ET on October 16, 2026.

Earnings date brings the next test

FirstEnergy is scheduled to report fiscal third-quarter 2026 results on October 27, 2026. Analysts expect earnings per share of USD 0.94, compared with USD 0.83 in the year-ago quarter, according to Yahoo Finance. The estimate gives the upcoming report a clear numerical benchmark.

Stock sits below its yearly high

The NYSE price was USD 6.15 below FirstEnergy's 52-week high of USD 52.34 and USD 3.52 above its 52-week low of USD 42.67 as of October 16, 2026. The latest close was therefore 11.75 percent below the high and 8.25 percent above the low. Trading volume reached 4,470,019 shares against an average of 4,342,250.

Valuation and company scale

FirstEnergy's market capitalization was USD 26.7 billion, with a price-to-earnings ratio of 24.63 and a dividend yield of 4.00 percent as of October 16, 2026. The company says its electric distribution businesses serve more than 6 million customers across six states, while its transmission subsidiaries operate approximately 24,000 miles of lines, according to FirstEnergy.

Comparison with peers

FirstEnergy (NYSE, USD): plus 1.41 percent, price-to-earnings ratio 24.63, market capitalization USD 26.7 billion.

Duke Energy (NYSE, USD): plus 2.18 percent, price-to-earnings ratio 18.24, market capitalization USD 94.7 billion.

Consolidated Edison (NYSE, USD): plus 2.18 percent, price-to-earnings ratio 18.43, market capitalization USD 41.4 billion.

What investors can track next

The October 27 report will show whether projected earnings growth can support the current valuation and the USD 53.00 target. FirstEnergy's regulated distribution and transmission footprint gives the earnings date importance beyond a single quarter.