Scotiabank Raises its Price Target on FirstEnergy Corp. (FE) to $56 and Maintains an Outperform Rating

FirstEnergy Corp. (NYSE:FE) is among the 10 High Growth S&P 500 Stocks to Buy Now.

Scotiabank on February 19, 2026, raised its price target on FirstEnergy Corp. (NYSE:FE) to $56 from $55 and maintained an Outperform rating. The firm said it remains bullish, highlighting what it described as a “massive” 30% increase to the company’s capital expenditure plan.

The same day, Mizuho analyst Anthony Crowdell increased the price target to $51 from $47 and kept a Neutral rating.

On February 17, 2026, FirstEnergy outlined a $36B capital investment plan for 2026 through 2030 under its Energize365 program, representing nearly a 30% increase versus the prior five-year plan and driving 10% compounded annual rate base growth through 2030. The company said the updated plan positions it to deliver core EPS compounded annual growth near the top end of its 6%–8% target range from 2026 to 2030. Chairman, President, and CEO Brian X. Tierney said, “In 2025, we reinforced our financial foundation and delivered on the strategies that are moving our company forward,” adding that the $36B plan includes more than $19B in transmission investments aimed at building a stronger, more resilient grid and supporting long-term value creation.

FirstEnergy Corp. (NYSE:FE) engages in the generation, distribution, and transmission of electricity in the United States through its Distribution, Integrated, and Stand-Alone Transmission segments.

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