Wells Fargo analyst Neil Kalton raised the firm’s price target on FirstEnergy (FE) to $44 from $41 and keeps an Equal Weight rating on the shares. After the noisy Q4 update, which included a negative re-base of EPS guidance, the Q1 update was comparatively uneventful. In the near term, the focus remains squarely on OH as the base rate case is in full swing and energy legislation continues to progress, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FE:
- FirstEnergy Reports Strong First Quarter Earnings Growth
- FirstEnergy says JCP&L infrastructure investment program approved by NJBPU
- FirstEnergy Reports Strong Q1 2025 Financial Results
- FirstEnergy reports Q1 adjusted EPS 67c, consensus 59c
- FirstEnergy backs FY25 adjusted EPS view $2.40-$2.60, consensus $2.52