Should I Buy FE? FE 2026 Analysis

Should You Buy FirstEnergy Corp (FE) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

46.630

1 Day change

-0.77%

52 Week Range

48.200

Analysis Updated At

2026/02/04

Should I buy Analysis is updated weekly. For real time "Should I Buy" analysis, please sign up to get free answers.

Not a good buy right now: near-term risk/reward is skewed negative due to heavy bearish options flow and an active legal overhang (bribery trial), despite supportive long-term regulated-utility fundamentals.
Price is sitting just above first support (~46.30); with momentum deteriorating (MACD negative/expanding), an impatient entry here has a higher chance of being early rather than optimal.
Analyst targets (49–50) imply upside over time, but the market is currently paying more attention to event risk and positioning (hedge fund selling, put-heavy options).
Intellectia Proprietary Trading Signals
AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend/momentum is mixed: moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but MACD histogram is negative (-0.0443) and worsening, signaling weakening short-term momentum.
RSI_6 at 34.6 is approaching oversold territory (not a confirmed reversal), consistent with downside pressure continuing.
Key levels: Pivot 47.01 is overhead resistance; near-term supports are S1 46.30 then S2 45.86. Current price (~46.4 regular / 46.93 post) is hovering right above support—break risk is real.
Similar-pattern projection provided: modest next-day/week expectations, but a much larger next-month move is implied; this setup looks more “event-driven” than purely technical.

Options Data

Bearish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Sentiment/positioning is bearish in the very near term: put volume dominates massively (put/call volume ratio 52.33; put volume 11,251 vs call volume 215).
Open interest put/call ratio at 1.09 is mildly bearish (more puts than calls outstanding).
Volatility is elevated: 30D IV 23.05 vs historical vol 12.26, and IV percentile 82.47—options are pricing meaningful uncertainty (consistent with legal/earnings catalysts).
Activity spike: today’s options volume is ~322% of the 30-day average, reinforcing that traders are actively hedging/speculating to the downside.

Technical Summary

Sell

Buy

Positive Catalysts

support long-duration regulated returns.
can reset expectations if execution/guide is clean.

Neutral/Negative Catalysts

is a material sentiment overhang and can pressure valuation multiples until resolved.

Financial Performance

Latest reported quarter: 2025/Q3.
Revenue grew to $4.148B (+11.24% YoY), indicating solid top-line momentum.
Net income rose to $441M (+5.25% YoY) and EPS to $0.76 (+4.11% YoY): profitable growth, but slower than revenue.
Gross margin declined to 53.69% (-4.84% YoY), a mild quality concern (some margin pressure despite higher revenue).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent Street tone improved: Wolfe Research upgraded FE to Outperform (2026-01-27) with a $50 PT, citing transmission capex/rate-base growth upside.
Other majors remain constructive: Barclays Overweight (PT trimmed to $50 from $51) and Morgan Stanley Overweight (PT raised to $49 from $47 after previously trimming).
A notable neutral note exists: UBS kept Neutral and cut PT to $46 from $49.
Wall Street pros: regulated visibility + potential transmission capex upside + earnings growth toward top end of 6–8% commentary.
Wall Street cons: legal/regulatory overhang and mixed near-term sentiment signals (heavy put activity; hedge fund selling) can cap upside until uncertainty clears.

10 Analyst Rating

Wall Street analysts forecast FE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FE is 49.25 USD with a low forecast of 46 USD and a high forecast of 54 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

6 Hold

0 Sell

Moderate Buy

Current: 46.990

Low

Averages

49.25

High

Current: 46.990

Low

Averages

49.25

High

Wolfe Research

Peer Perform -> Outperform

upgrade

$50

AI Analysis

2026-01-27

Reason

Wolfe Research

Price Target

$50

AI Analysis

2026-01-27

upgrade

Peer Perform -> Outperform

Reason

Wolfe Research upgraded FirstEnergy to Outperform from Peer Perform with a $50 price target. The firm says incremental Federal Energy Regulatory Commission transmission capex upside pushes FirstEnergy's rate base growth to 10%. The company's earnings growth should tracking toward the top-end of 6%-8%, the analyst tells investors in a research note.

Barclays

Overweight

downgrade

$51 -> $50

2026-01-22

Reason

Barclays

Price Target

$51 -> $50

2026-01-22

downgrade

Overweight

Reason

Barclays lowered the firm's price target on FirstEnergy to $50 from $51 and keeps an Overweight rating on the shares. The firm adjusted targets in the power and utilities group as part of a Q4 preview.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for FE

Unlock Now

FE Should I Buy

FE Should I Buy

Should You Buy FirstEnergy Corp (FE) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

People Also Watch