US Stock Movements | FirstEnergy rises nearly 4% pre-market; Morgan Stanley raises target price as $1.9 billion power grid policy acts as double catalyst
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Glonhui, June 26 ｜ US energy company FirstEnergy rose 3.8% pre-market to $49.9, after five consecutive gains. According to reports, Morgan Stanley recently released a new research note, maintaining an “Overweight” rating for FirstEnergy and slightly raising the target price from $51 to $52. In addition, the US Department of Energy announced around $1.9 billion in dedicated grid upgrade funding; Congress introduced the "SURGE Act" aimed at rewarding improvements in grid efficiency through incentive mechanisms.
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