FirstEnergy Reaches New 12-Month High, Still a Buy?

Shares of the utility company hit a new 52-week high, but analysts remain divided on its future performance.

Mar. 18, 2026 at 9:09am

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Shares of FirstEnergy Corporation (NYSE:FE) reached a new 52-week high of $52.02 on Wednesday, March 18, 2026. The stock closed at $51.19, with a trading volume of 4,589,568 shares. Analysts have mixed views on the stock, with some maintaining an "overweight" rating and others lowering their price targets.

Why it matters

FirstEnergy's stock performance is closely watched by investors, as the company is a major player in the utility industry. The new 52-week high suggests that the stock may be gaining momentum, but analysts are divided on whether it is still a good buy at current levels.

The details

Several research firms have weighed in on FirstEnergy's stock. Barclays lowered their price target from $51 to $50, while Morgan Stanley and Mizuho maintained their "overweight" ratings. Wells Fargo & Company dropped their price target from $54 to $53. Overall, the stock has an average rating of "Moderate Buy" and an average price target of $49.71.

  • FirstEnergy's stock hit a new 52-week high on Wednesday, March 18, 2026.

The players

FirstEnergy Corporation

A U.S.-based electric utility holding company headquartered in Akron, Ohio. The company's primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial, and industrial customers across parts of the Midwest and Mid-Atlantic.

Barclays

A multinational investment bank and financial services company that has lowered its price target for FirstEnergy.

Morgan Stanley

A global financial services firm that has maintained an "overweight" rating on FirstEnergy's stock.

Mizuho

A Japanese financial services group that has set a $51 target price for FirstEnergy's stock.

Wells Fargo & Company

A multinational financial services company that has dropped its price target for FirstEnergy from $54 to $53.

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What they’re saying

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