Zacks Rating on FirstEnergy Corporation (FE)

FirstEnergy Corporation (FE) : 10 analysts are covering FirstEnergy Corporation (FE) and their average rating on the stock is 2.45, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. FirstEnergy Corporation (FE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

FirstEnergy Corporation (FE) : The highest level FirstEnergy Corporation (FE) is projected to reach is $41 for the short term and the lowest estimate is at $33. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $36.71 and the possibility the share price can swing is $2.93.


Shares of FirstEnergy Corp. appreciated by 1.54% during the last five trading days but lost 9.07% on a 4-week basis. FirstEnergy Corp. is up 3.71% in the last 3-month period. Year-to-Date the stock performance stands at 7.19%. FirstEnergy Corporation (NYSE:FE): stock turned positive on Tuesday. Though the stock opened at $32.74, the bulls momentum made the stock top out at $33.08 level for the day. The stock recorded a low of $32.74 and closed the trading day at $32.92, in the green by 0.89%. The total traded volume for the day was 2,843,996. The stock had closed at $32.63 in the previous days trading.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.

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