FirstEnergy Corp. – Consensus Indicates Potential -2.3% Downside

Broker Ratings

FirstEnergy Corp. with ticker code (FE) now have 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 41 with the average target price sitting at 45.79. Given that the stocks previous close was at 46.88 this would indicate that there is a downside of -2.3%. The 50 day MA is 43.43 and the 200 moving average now moves to 39.85. The market cap for the company is $26,912m. You can visit the company’s website by visiting: https://www.firstenergycorp.com

The potential market cap would be $26,287m based on the market concensus.

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FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

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