Exelon (EXC) AI Stock Analysis

• Market Cap: $43.33B
• Dividend Yield: 3.73%
• Average Volume (3M): 6.60M
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.04
• Revenue Growth: 6.71%
• EPS Growth: 16.09%
• Country: US
• Employees: 20,000
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 0.92
• Shares Outstanding: 1,009,535,640
• 10 Day Avg. Volume: 6,284,963
• 30 Day Avg. Volume: 6,595,807
• PEG Ratio: 1.62
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -28.69
• Enterprise Value/Market Cap: 2.08
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: 10.04
• Enterprise Value/Ebitda: 2.73
• 1Y Price Target: $48.45
• Price Target Upside: 12.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 73 Outperform
• Price Target: $48.00 ▲(11.84%Upside)

Exelon's overall stock score reflects strong financial performance and positive earnings call sentiment. The company's valuation is fair, with an attractive dividend yield. However, technical indicators suggest caution due to mixed signals, and cash flow management challenges remain a concern.

Positive Factors

Earnings

EXC's 1Q25 EPS of $0.92 was above BMO/Street estimates of $0.87/$0.88.

Investment Potential

Management reaffirmed expectations for at least $1bn of spend related to new business and another $1bn for PJM work, signaling strong investment potential.

Negative Factors

Regulatory Uncertainty

Enthusiasm is limited by low authorized returns and lingering questions around ICC intent.

Stock Performance

The stock has been downgraded from Outperform to an In Line rating.

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 makes money primarily through its extensive energy generation and utility distribution networks. The company's revenue streams are divided into two main categories: regulated utility operations and competitive power generation. In its regulated utility operations, Exelon earns revenue by delivering electricity and natural gas to residential, commercial, and industrial customers, with rates set by regulatory bodies ensuring predictable income. Its major utility subsidiaries operate in key metropolitan areas, providing stable and consistent cash flows. In the competitive power generation sector, Exelon generates electricity through a diverse portfolio of nuclear, natural gas, wind, solar, and hydroelectric facilities. Revenue in this segment comes from selling electricity on the wholesale market and entering into long-term power purchase agreements (PPAs) with other energy providers and large customers. Exelon also benefits from its strategic initiatives in renewable energy and energy efficiency programs, as well as partnerships with other companies and government entities to promote clean energy solutions and grid modernization.

Exelon Financial Statement Overview

Summary

Exelon demonstrates strong operational performance with steady revenue and profit growth, supported by efficient cost management. However, challenges in cash flow management, particularly with sustaining positive free cash flow, reduce the overall score. The balance sheet is solid but requires monitoring due to moderate leverage.

Income Statement

Exelon's income statement shows a solid performance with a gross profit margin of 37.94% and a net profit margin of 11.43% for TTM (Trailing-Twelve-Months). The revenue growth rate of 2.92% from the previous year indicates steady growth. The EBIT margin at 19.97% and EBITDA margin at 36.28% suggest consistent operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 1.75, showing moderate leverage. The return on equity (ROE) is 9.81%, indicating satisfactory profitability on shareholder investments. The equity ratio stands at 25.22%, suggesting a balanced capital structure with a reasonable level of equity.

Cash Flow

Exelon's cash flow statement reveals challenges with free cash flow, which remains negative at -$1.499 billion, although operating cash flow to net income ratio is healthy at 2.13. The free cash flow to net income ratio is negative, highlighting potential cash management issues despite operational cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.70B	23.03B	21.73B	19.08B	17.94B	33.04B
Gross Profit	8.99B	9.87B	8.93B	8.03B	7.01B	9.53B
EBITDA	8.60B	8.18B	7.94B	7.38B	10.52B	9.54B
Net Income	2.71B	2.46B	2.33B	2.17B	1.71B	1.96B
Balance Sheet
Total Assets	109.48B	107.78B	101.55B	95.35B	133.01B	129.32B
Cash, Cash Equivalents and Short-Term Investments	1.00B	357.00M	445.00M	407.00M	672.00M	663.00M
Total Debt	48.27B	46.65B	44.01B	40.05B	34.54B	39.33B
Total Liabilities	81.88B	80.86B	75.79B	70.61B	98.22B	94.45B
Stockholders Equity	27.61B	26.92B	25.75B	24.74B	34.39B	32.59B
Cash Flow
Free Cash Flow	-1.50B	-1.53B	-2.71B	-2.28B	-4.97B	-3.81B
Operating Cash Flow	5.78B	5.57B	4.70B	4.87B	3.01B	4.24B
Investing Cash Flow	-7.22B	-7.04B	-7.38B	-6.99B	-3.32B	-4.34B
Financing Cash Flow	1.71B	1.31B	2.68B	1.59B	758.00M	145.00M

Exelon Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXC, the sentiment is Negative. The current price of 42.92 is above the 20-day moving average (MA) of 42.85, below the 50-day MA of 43.97, and above the 200-day MA of 41.02, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 47.33 is Neutral, neither overbought nor oversold. The STOCH value of 66.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EXC.

Exelon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEE	78 Outperform	$150.32B	27.31	11.19%	3.10%	20.35%	-27.07%
EXC	73 Outperform	$43.33B	15.92	10.10%	3.73%	6.71%	16.09%
DUK	73 Outperform	$90.99B	19.53	9.48%	3.57%	5.02%	45.08%
SO	70 Outperform	$100.18B	21.86	14.01%	3.25%	9.58%	8.02%
D	69 Neutral	$48.97B	21.54	8.22%	4.65%	3.62%	40.33%
AEP	68 Neutral	$55.16B	19.92	10.41%	3.60%	4.20%	-3.64%
Sector *	67 Neutral	$16.39B	16.97	4.47%	3.56%	4.77%	6.10%

Exelon Corporate Events

Exelon Reports Strong Q1 2025 Financial Results

On May 1, 2025, Exelon Corporation announced its financial results for the first quarter of 2025, reporting a GAAP net income of $0.90 per share and adjusted operating earnings of $0.92 per share. The company affirmed its full-year earnings guidance and highlighted its progress in financing, having completed half of its debt financing needs and over 60% of its equity needs for 2025. Exelon’s utilities maintained top performance in reliability and safety, with increased earnings driven by rate increases and favorable weather conditions. The company also declared a quarterly dividend and executed several financing activities to support its operations.