OnlyFibs
$FE Alert! 🚨 OVERALL STANCE: BULLISH 🐂
🏢 What They Do: Major regulated electric utility holding company providing transmission & distribution services.
💰 Profitability: Solid cash generation ($3.68B Q2 rev, $0.50 EPS, 4.1% dividend yield).
📉 Technical Setup: Double bottom consolidating at $42.50 horizontal support! Rebound brewing right at lower channel trendline demand 👀
🎯 Key Technical Levels:
• Bulls want: Reclaim $44.50 ➡️ $47.25 ➡️ $51.00 📈
• Bears want: Breakdown below $42.00 📉
📊 Fundamentals & Catalyst:
• Last Earnings: $3.68B Revenue (+8.8% YoY) & $0.50 EPS.
• Upcoming Catalyst: Q3 earnings late Oct 2026; reaffirmed 2026 Core EPS guidance of $2.62–$2.82.
• Analyst Target: Consensus target of $48.00–$51.80 (~15–20%+ upside).
Keep this utility bounce on your radar! 🔥🎯
#FE #hovdid
