FirstEnergy (NYSE:FE) Stock Analysis: Analyst Ratings and Performance Insights

Font: Financial Modeling Prep  • Apr 16, 2026

• Analyst Coverage & Ratings: Cowen & Co. initiated coverage on FirstEnergy (NYSE:FE) with a "Hold" rating, contributing to a mixed analyst sentiment despite a "Moderate Buy" consensus.
• Strong Market Performance: FirstEnergy has demonstrated robust stock performance, including a 16% gain year-to-date, outperforming the Zacks Utilities sector and consistently beating earnings estimates.
• Cautious Price Targets: While FirstEnergy shows strength, some analysts like Barclays and Wells Fargo and Company have slightly lowered their price targets, with the average target of $49.71 sitting just below its current price.

FirstEnergy (NYSE:FE) is an electric utility company based in the United States. On April 16, 2026, analyst firm Cowen & Co. began its coverage on the stock, giving it a "Hold" rating at a price of $50.58. The company's Ohio subsidiaries are also part of a competitive bidding process to secure electricity for their customers.

The "Hold" rating comes after a period of strong stock performance for FirstEnergy. The stock recently reached a new 52-week high of $52.34. As highlighted by Zacks Investment Research, its 16% gain since the start of the year has outperformed both the Zacks Utilities sector's 12.4% gain and the Zacks Utility - Electric Power industry's 13.7% return.

This performance is supported by the company's consistent financial results. FirstEnergy has beaten earnings estimates for the last four quarters. In its most recent report, the company posted an earnings per share (EPS) of $0.53, which was slightly higher than the consensus estimate of $0.52. EPS represents the company's profit allocated to each share of stock.

While the company shows strength, analyst sentiment is mixed, which can support a "Hold" rating. According to reports from MarketBeat, the consensus rating is a "Moderate Buy," but six of the fifteen analysts covering FirstEnergy rate it as a hold. The average one-year price target among analysts is $49.71, slightly below its current price.

Reflecting this cautious view, some analysts have recently adjusted their price targets. Barclays lowered its price objective on FirstEnergy to $50.00 from $51.00. Similarly, Wells Fargo and Company reduced its target to $53.00 from $54.00, although both firms still maintain positive "overweight" ratings on the stock.