Exelon (EXC) AI Stock Analysis

• Market Cap: $46.69B
• Dividend Yield: 3.46%
• Average Volume (3M): 7.29M
• Price to Earnings (P/E): 16.5
• Beta (1Y): -0.15
• Revenue Growth: 6.07%
• EPS Growth: 15.20%
• Country: US
• Employees: 20,000
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 0.86
• Shares Outstanding: 1,010,290,340
• 10 Day Avg. Volume: 8,972,209
• 30 Day Avg. Volume: 7,289,952
• PEG Ratio: 3.26
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 1.64
• P/FCF Ratio: -24.71
• Enterprise Value/Market Cap: 2.01
• Enterprise Value/Revenue: 3.86
• Enterprise Value/Gross Profit: 9.08
• Enterprise Value/Ebitda: 10.49
• 1Y Price Target: $50.92
• Price Target Upside: 10.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): 2.7
• Revenue Forecast (FY): $24.10B

• Rating: 72 Outperform
• Price Target: $51.00 ▲(10.37% Upside)

Exelon's strong earnings performance and reasonable valuation are key strengths, supported by positive earnings call sentiment. However, high leverage and cash flow challenges pose risks. Technical indicators suggest neutral momentum, with potential for improvement.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a stable market position and effective business operations, supporting long-term financial health.

Operational Excellence

High reliability rankings reflect strong operational capabilities, enhancing customer satisfaction and competitive advantage.

Legislative Advancements

Legislative support for energy efficiency and grid improvements strengthens Exelon's market position and growth prospects.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, impacting long-term financial stability and investment capacity.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, constraining the ability to invest in growth and manage debt effectively.

Supply Challenges

Supply shortfalls can disrupt service reliability and customer trust, impacting long-term operational stability and market reputation.

Exelon Business Overview & Revenue Model

Company Description

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services. Additionally, it is involved in the purchase and regulated retail sale of electricity and natural gas; and transmission and distribution of electricity, and distribution of natural gas to retail customers. Further, the company offers support services, including legal, human resources, information technology, financial, supply management, accounting, engineering, customer operations, distribution and transmission planning, asset management, system operations, and power procurement services. It serves distribution utilities, municipalities, cooperatives, and financial institutions, as well as commercial, industrial, governmental, and residential customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.

How the Company Makes Money

Exelon generates revenue primarily through the sale of electricity and natural gas to residential, commercial, and industrial customers. Its revenue model is driven by several key streams, including energy generation from its nuclear, fossil, and renewable energy plants, as well as utility services provided by its subsidiaries. Additionally, Exelon benefits from regulatory frameworks and market mechanisms that allow it to sell electricity in competitive markets. The company also engages in hedging and trading activities to optimize its revenue from wholesale energy markets. Strategic partnerships and investments in renewable energy projects further enhance its earnings potential, while ongoing infrastructure investments and efficiency improvements contribute to its operational profitability.

Exelon Financial Statement Overview

Summary

Exelon shows strong revenue growth and profitability, supported by efficient operations. However, high leverage and negative free cash flow present risks. Continued focus on cash flow management and debt reduction could enhance financial stability.

Income Statement

Exelon has demonstrated consistent revenue growth over the years, with a TTM revenue growth rate of 2.32%. The company maintains healthy profitability metrics, with a gross profit margin of 42.48% and a net profit margin of 11.60% in the TTM period. EBIT and EBITDA margins are also strong at 21.84% and 36.78%, respectively, indicating efficient operations. The upward trend in revenue and profitability margins reflects a stable and growing business environment.

Balance Sheet

Exelon's balance sheet shows a relatively high debt-to-equity ratio of 1.76 in the TTM period, which suggests a significant reliance on debt financing. However, the company maintains a reasonable return on equity of 9.76%, indicating effective use of shareholder funds. The equity ratio stands at 24.76%, reflecting a balanced asset structure. While leverage is on the higher side, the company manages to sustain profitability and growth.

Cash Flow

Exelon's cash flow statement reveals challenges in free cash flow, with a negative free cash flow growth rate of -9.58% in the TTM period. The operating cash flow to net income ratio is 0.66, indicating moderate cash generation relative to net income. The negative free cash flow to net income ratio of -0.25 highlights the need for improved cash flow management. Despite these challenges, the company maintains a stable operating cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.32B	23.03B	21.73B	19.08B	17.94B	33.04B
Gross Profit	10.33B	9.40B	8.93B	8.03B	7.01B	9.53B
EBITDA	8.95B	8.18B	7.94B	7.17B	9.38B	10.49B
Net Income	2.82B	2.46B	2.33B	2.17B	1.71B	1.96B
Balance Sheet
Total Assets	113.54B	107.78B	101.86B	95.35B	133.01B	129.32B
Cash, Cash Equivalents and Short-Term Investments	2.05B	357.00M	445.00M	407.00M	672.00M	663.00M
Total Debt	49.53B	46.65B	44.01B	40.05B	34.54B	39.33B
Total Liabilities	85.43B	80.86B	76.10B	70.61B	98.22B	94.45B
Stockholders Equity	28.11B	26.92B	25.75B	24.74B	34.39B	32.59B
Cash Flow
Free Cash Flow	-1.59B	-1.53B	-2.71B	-2.28B	-4.97B	-3.81B
Operating Cash Flow	6.44B	5.57B	4.70B	4.87B	3.01B	4.24B
Investing Cash Flow	-8.03B	-7.04B	-7.38B	-6.99B	-3.32B	-4.34B
Financing Cash Flow	2.46B	1.31B	2.68B	1.59B	758.00M	145.00M

Exelon Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXC, the sentiment is Positive. The current price of 46.21 is below the 20-day moving average (MA) of 47.20, above the 50-day MA of 45.41, and above the 200-day MA of 43.83, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 47.13 is Neutral, neither overbought nor oversold. The STOCH value of 25.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EXC.

Exelon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEE	73 Outperform	$174.79B	26.65	12.48%	2.66%	26.96%	-6.80%
EXC	72 Outperform	$46.69B	16.54	10.31%	3.46%	6.07%	15.20%
AEP	72 Outperform	$65.00B	17.77	12.85%	3.08%	7.66%	37.42%
DUK	69 Neutral	$96.16B	20.22	9.92%	3.40%	4.80%	14.44%
SO	69 Neutral	$100.69B	22.73	13.06%	2.99%	9.40%	-6.05%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
D	63 Neutral	$52.58B	20.95	9.27%	4.53%	12.72%	4.90%

Exelon Corporate Events

Exelon Corp. Reports Strong Q3 2025 Earnings

Exelon Corporation, a leading utility company in the United States, operates through six fully regulated transmission and distribution utilities, providing reliable and affordable energy to over 10.7 million customers. In its third-quarter 2025 earnings report, Exelon announced a GAAP net income of $0.86 per share and adjusted operating earnings of $0.86 per share, reaffirming its full-year earnings guidance and long-term growth outlook. The company continues to demonstrate strong performance in reliability, with top national rankings for its utilities, and has completed all planned debt financings for 2025 while making significant progress on its equity plan. Key financial highlights include increased net income across its business units, attributed to higher utility earnings, lower storm costs, and strategic infrastructure investments. Looking ahead, Exelon remains committed to operational excellence and infrastructure modernization, with plans to invest $38 billion in critical infrastructure over the next four years to enhance service reliability and meet customer needs.

Exelon Corp’s Q3 Earnings Call Highlights Strong Growth

Exelon Corp’s third-quarter earnings call painted a largely positive picture, highlighting strong financial performance and operational achievements. The company reported significant progress in legislative and regulatory areas, although concerns about supply shortfalls and increased interest expenses were noted. Overall, the sentiment was optimistic, with substantial achievements overshadowing the challenges.

Exelon Reports Strong Q3 Earnings and Growth Outlook

On November 4, 2025, Exelon Corporation announced its third-quarter financial results, reporting a GAAP net income of $0.86 per share and adjusted operating earnings of $0.86 per share, reflecting an increase from the previous year. The company reaffirmed its full-year earnings guidance and long-term growth outlook, emphasizing strong operational performance and infrastructure investments. Exelon completed its planned debt financings for 2025 and made significant progress on its equity plan, aiming to invest $38 billion in critical infrastructure over the next four years. The company also highlighted its utilities’ top rankings in reliability and ongoing efforts to modernize infrastructure, including Pepco’s rate case filing in Maryland to support 2026 infrastructure projects.

The most recent analyst rating on (EXC) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on Exelon stock, see the EXC Stock Forecast page.