FirstEnergy stock price target raised to $50 from $45 at Mizuho

Investing.com - Mizuho has raised its price target on FirstEnergy Corp. (NYSE:FE) to $50.00 from $45.00 while maintaining a Neutral rating on the stock. The utility company, currently trading at $46.52 and near its 52-week high of $47.99, has delivered a strong year-to-date return of 21.8%.

The price target adjustment follows FirstEnergy’s third-quarter earnings report, which showed earnings per share of $0.83, exceeding Street estimates of $0.77. The company also raised its 2025 guidance midpoint by $0.03, from $2.50 to $2.53. With a P/E ratio of 20.5 and a 28-year track record of consistent dividend payments, FirstEnergy has demonstrated stable performance characteristics.

FirstEnergy has indicated it will provide a comprehensive capital refresh during its fourth-quarter call and initiate 2026 guidance in December. Commentary during the earnings call’s question-and-answer session suggested the company would strengthen and lengthen its current plan with a 6-8% compound annual growth rate. InvestingPro subscribers can access 8 additional key insights and a comprehensive analysis of FirstEnergy’s financial health and growth prospects.

The utility’s long-term pipeline demand has nearly doubled since February, growing from 6.1 GW to 11.7 GW, with potential upside from a first-quarter 2026 PJM open window on transmission investment.

Despite these developments, Mizuho maintained its Neutral stance on the stock, with the new price target reflecting current market multiples.

In other recent news, FirstEnergy Corporation reported a strong financial performance for the third quarter of 2025. The company exceeded earnings expectations with an earnings per share (EPS) of $0.83, surpassing the analyst forecast of $0.75. This represents a 10.67% positive surprise for investors. Additionally, FirstEnergy’s revenue reached 4.1 billion dollars, outperforming the projected 3.94 billion dollars. These results highlight a robust quarter for the company. Despite the positive financial outcomes, FirstEnergy’s stock experienced a decline during regular trading hours. However, it saw gains in premarket trading the following day. These developments reflect the company’s current financial health and market response.

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