[FirstEnergy Pre-Market Continues to Rise Nearly 4%: Morgan Stanley Raises Target Price + $1.9 Billion Grid Policy Dual Catalysts] According to Golden Finance, on June 26, U.S. electric utility FirstEnergy (FE.US) rose 3.8% pre-market to $49.9, following a five-day winning streak. On the news front, Morgan Stanley recently released its latest research report, maintaining an 'Overweight' rating for FirstEnergy and slightly raising the target price from $51 to $52. Additionally, the U.S. Department of Energy announced approximately $1.9 billion in dedicated funding for grid upgrades; Congress proposed the 'SURGE Act,' aimed at incentivizing improvements in grid efficiency through reward mechanisms.