tiprankstipranks
Trending News
More News >
Exelon (EXC)
NASDAQ:EXC
Advertisement

Exelon (EXC) AI Stock Analysis

Compare
1,710 Followers

Top Page

EXC

Exelon

(NASDAQ:EXC)

Rating:73Outperform
Price Target:
$48.00
â–²(10.52% Upside)
Exelon's overall stock score reflects strong earnings call performance and fair valuation, offset by challenges in cash flow management and mixed technical indicators. The company's strategic investments and robust pipeline support long-term growth prospects.
Positive Factors
Earnings performance
EXC's 1Q25 EPS of $0.92 was above BMO/Street estimates of $0.87/$0.88.
Investment potential
ComEd shines in the spotlight with top-tier 28GW of load applications, representing a significant opportunity for Exelon Corp.
Regulatory environment
ICC Chairman Doug Scott's focus on energy security and resource adequacy contributes to positive regulatory momentum.
Negative Factors
Growth potential
The company has an average growth profile without the generation investment upside.
Market position
There is limited upside in the near-term relative to other utility stocks.
Stock rating
The stock has been downgraded from Outperform to an In Line rating.

Exelon (EXC) vs. SPDR S&P 500 ETF (SPY)

Exelon Business Overview & Revenue Model

Company DescriptionExelon 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 MoneyExelon 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 Key Performance Indicators (KPIs)

Any
Any
Natural Gas Customers
Natural Gas Customers
Indicates the number of customers using natural gas services, reflecting market penetration and potential for revenue growth in this segment.
Chart InsightsExelon's natural gas customer base has shown consistent growth across all segments, with PECO, BGE, and DPL steadily increasing their customer numbers over the years. This trend reflects Exelon's strategic focus on enhancing customer service and addressing evolving energy demands. Despite challenges like increased customer costs from PJM auction results, Exelon remains optimistic about future growth, supported by robust operational performance and significant investment plans, including $38 billion through 2028. The company's focus on regulatory activities and transmission expansion positions it well for sustained growth.
Data provided by:Main Street Data

Exelon Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 29, 2025
Earnings Call Sentiment Positive
Exelon demonstrated strong operational and financial performance, exceeding earnings expectations and maintaining a robust investment pipeline. However, challenges such as a decline in year-over-year earnings and increased storm-related costs were noted. The company's proactive measures to manage these challenges and continued investment in reliability and innovation reflect a positive outlook.
Q2-2025 Updates
Positive Updates
Exceeding Earnings Expectations
Exelon reported $0.39 in operating earnings for the second quarter, surpassing expectations due to favorable timing and cost management at their utilities.
Robust Large Load Pipeline
Exelon's large load pipeline is holding at more than 17 gigawatts with an additional 16 gigawatts of high probability load expected to be formalized by the end of the year.
Strong Transmission Investment Plans
Exelon is positioned to be assigned over $1 billion of transmission work, with plans to invest $38 billion through 2028, and an additional $10 billion to $15 billion identified for future transmission work.
Successful Financing Activities
Exelon has completed nearly 80% of their planned long-term debt financing for 2025, with strong investor demand and attractive pricing.
Industry-leading Reliability
Exelon utilities are recognized as the #1, #3, #5, and #8 most reliable in the country, showcasing their commitment to service excellence.
Negative Updates
Decline in Quarterly Earnings
Exelon's earnings per share for the second quarter of 2025 were $0.39, a decrease from $0.47 in the same period in 2024.
Impact of Storm Costs
Higher storm costs at PECO impacted earnings, contributing to a decrease in quarterly results compared to the previous year.
Customer Relief Fund Costs
Exelon contributed $50 million to a customer relief fund, impacting corporate earnings by $0.04 per share.
Company Guidance
During Exelon's second quarter earnings call for fiscal year 2025, the company provided guidance indicating strong financial performance and operational resilience. Exelon reported $0.39 in operating earnings per share for the second quarter, exceeding expectations due to favorable timing and cost management, despite challenges such as a $50 million customer relief fund and significant storm activity. The company reaffirmed its full-year operating earnings guidance of $2.64 to $2.74 per share and projected annual earnings growth of 5% to 7% through 2028. Exelon highlighted its strategic investments, including a planned $38 billion through 2028, with an additional $10 billion to $15 billion identified for transmission work. The company's robust large load pipeline, holding steady at over 17 gigawatts, underscores its commitment to meeting future energy demands. Exelon continues to advocate for proactive state involvement in energy planning, emphasizing the benefits of regulated generation to enhance supply certainty, control, and customer cost benefits.

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, are notable. The balance sheet remains solid, but leverage levels should be monitored.
Income Statement
78
Positive
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
72
Positive
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
65
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue23.70B23.03B21.73B19.08B17.94B33.04B
Gross Profit9.89B9.40B8.93B8.03B7.01B9.53B
EBITDA8.60B8.18B7.94B7.17B9.38B10.49B
Net Income2.71B2.46B2.33B2.17B1.71B1.96B
Balance Sheet
Total Assets109.48B107.78B101.86B95.35B133.01B129.32B
Cash, Cash Equivalents and Short-Term Investments1.00B357.00M445.00M407.00M672.00M663.00M
Total Debt48.27B46.65B44.01B40.05B34.54B39.33B
Total Liabilities81.88B80.86B76.10B70.61B98.22B94.45B
Stockholders Equity27.61B26.92B25.75B24.74B34.39B32.59B
Cash Flow
Free Cash Flow-1.50B-1.53B-2.71B-2.28B-4.97B-3.81B
Operating Cash Flow5.78B5.57B4.70B4.87B3.01B4.24B
Investing Cash Flow-7.22B-7.04B-7.38B-6.99B-3.32B-4.34B
Financing Cash Flow1.71B1.31B2.68B1.59B758.00M145.00M

Exelon Technical Analysis

Technical Analysis Sentiment
Negative
Last Price43.43
Price Trends
50DMA
43.73
Negative
100DMA
43.82
Negative
200DMA
41.90
Positive
Market Momentum
MACD
-0.14
Positive
RSI
42.08
Neutral
STOCH
22.51
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 43.43 is below the 20-day moving average (MA) of 44.31, below the 50-day MA of 43.73, and above the 200-day MA of 41.90, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 42.08 is Neutral, neither overbought nor oversold. The STOCH value of 22.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EXC.

Exelon Risk Analysis

Exelon disclosed 29 risk factors in its most recent earnings report. Exelon reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Exelon Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$50.17B20.369.29%4.59%7.60%55.99%
74
Outperform
$58.88B16.1313.03%3.44%5.84%36.33%
73
Outperform
$43.80B16.469.87%3.64%4.46%8.68%
73
Outperform
$93.99B19.869.60%3.48%4.07%9.94%
72
Outperform
$147.56B24.9611.84%3.12%18.80%-6.73%
66
Neutral
$17.25B17.995.54%3.64%6.63%11.55%
65
Neutral
$101.30B23.7812.89%3.18%8.53%-7.53%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
EXC
Exelon
43.43
6.62
17.98%
AEP
American Electric Power
108.11
9.68
9.83%
D
Dominion Energy
58.19
3.68
6.75%
DUK
Duke Energy
120.61
8.17
7.27%
NEE
NextEra Energy
70.90
-6.67
-8.60%
SO
Southern Co
91.78
6.24
7.29%

Exelon Corporate Events

Private Placements and FinancingDividendsBusiness Operations and StrategyFinancial Disclosures
Exelon Reports Q2 2025 Financial Results Amid Challenges
Neutral
Jul 31, 2025

On July 31, 2025, Exelon Corporation reported its financial results for the second quarter of 2025, revealing a decrease in both GAAP net income and adjusted operating earnings compared to the same period in 2024. Despite challenges such as increased storm costs and higher interest expenses, Exelon maintained its full-year earnings guidance and highlighted strong operational performance and strategic investments in grid modernization and energy security. The company executed significant portions of its planned debt and equity financings for 2025 and 2026, while also declaring a regular quarterly dividend.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 03, 2025