FirstEnergy Corp. is a regulated electric utility company based in Akron, Ohio, with a market cap of $26.5 billion. Despite lagging behind the market, the stock has gained 11.1% over 52 weeks and 16% YTD. Analysts expect EPS to decline 3.8% this fiscal year, with a mixed earnings surprise history.

FirstEnergy delivered better-than-expected Q3 earnings, with core earnings of $0.83, surpassing analyst expectations. It raised its fiscal 2025 core earnings guidance and affirmed its annual growth rate target. Analyst consensus is a “Moderate Buy,” slightly more bullish than before, with a mean price target of $50.08, representing an 8.6% premium.

Wells Fargo analyst initiated coverage with an “Overweight” rating and a $54 price target, indicating a 17.1% potential upside. This news comes as FirstEnergy focuses on grid modernization and clean energy initiatives, emphasizing safe and reliable power delivery.

Read more at Yahoo Finance: Do Wall Street Analysts Like FirstEnergy Stock?