Soleil Securities Raises Price Target on FirstEnergy (FE), Stronger Pricing on Tighter Supply

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/21/2026

1. TGT
2. EL
3. SPY
4. WMT
5. ADI
6. ROST
7. BILL
8. MRK
9. MRNA
10. NTES

May 17, 2011 11:05 AM EDT
Get Alerts FE Hot Sheet
Price: $47.18 -0.15%

Rating Summary:
    16 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Soleil Securities is reiterating its Buy rating on shares of FirstEnergy Corp. (NYSE: FE) and is raising its price target from $48 to $56.

The firm notes that the price target increase reflects the unexpectedly strong results from the capacity auction announced on 5/13, which suggests that the market maybe entering an extended period of strongly rising power prices. This would drive up margins and earnings substantially higher for the company.

As a result of the new data the firm believes that FE will see EPS of at least $4 in 2014 and $3.40 in 2013.

For more ratings news on FirstEnergy Corp. click here and for the rating history of FirstEnergy Corp. click here.

Shares of FirstEnergy Corp. closed at $44.48 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Soleil Securities, Earnings