FirstEnergy Invests $24M in 11-Mile Grid Rebuild as Analysts Set $52 Target
FirstEnergy is spending $24 million to rebuild 11 miles of 69-kV line in Williams County, installing steel poles and high-capacity wires to reduce outages. New Street set a $52 price target, implying 6.25% upside, and analysts forecast $0.72 per share for the March quarter.
1. $24M Williams County Line Rebuild
FirstEnergy Transmission is rebuilding 11 miles of 69-kV line in Williams County at a cost of $24 million, replacing wooden poles with steel structures and installing high-capacity wires to reduce outage risks for Toledo Edison customers.
2. New Street Sets $52 Price Target
New Street raised its price target on FirstEnergy shares to $52, suggesting 6.25% potential upside, while analysts forecast $0.72 earnings per share for the quarter ending March 2026.
3. $36B Energize365 Grid Modernization
The line rebuild is part of FirstEnergy’s $36 billion Energize365 program running through 2030, with over $200 million earmarked for northwest Ohio grid enhancements to improve resilience and support demand growth.