FirstEnergy stock slips after Morgan Stanley cuts target

FirstEnergy Corp. stock (ISIN US3377381088) traded at USD 45.26 on September 18, 2026, down 1.03 percent, while the intraday market cap stood at USD 26.189 billion and the 52-week range ran from USD 43.00 to USD 52.34.

Target cut lands on the tape

According to MarketBeat on September 18, 2026, Morgan Stanley lowered its price target to USD 49.00 from USD 52.00 and kept an Overweight rating. The same report put the implied upside at about 8 percent from a USD 45.35 share price.

Quarterly numbers still matter

MarketBeat also said FirstEnergy reported Q2 FY26 earnings per share of USD 0.50, exactly in line with consensus, on revenue of USD 3.68 billion versus USD 3.51 billion expected. The report added that net margin for the quarter was 6.86 percent and that sell-side analysts still expect full-year EPS of USD 2.74.

That combination matters for investors: the revenue beat was USD 0.17 billion, but the target cut shows the market is still debating how much of the grid spending story is already priced in.

Valuation keeps the focus

Yahoo Finance showed the stock at USD 45.26 at the close on September 18, 2026, with a previous close of USD 45.73, volume of 5,541,511 shares and a market capitalization of USD 26.189 billion. On the same snapshot, FirstEnergy traded at a trailing P/E of 24.20 and an EPS (TTM) of USD 1.87.

For investors, the key reference point is simple: the stock sits USD 4.74 below Morgan Stanley's new target and USD 7.08 below the 52-week high of USD 52.34.

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