Exelon (EXC) AI Stock Analysis

• Market Cap: $44.21B
• Dividend Yield: 3.66%
• Average Volume (3M): 7.67M
• Price to Earnings (P/E): 15.7
• Beta (1Y): -0.10
• 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: 7,506,572
• 30 Day Avg. Volume: 7,668,363
• 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: 2.12
• Enterprise Value/Revenue: 3.86
• Enterprise Value/Gross Profit: 9.08
• Enterprise Value/Ebitda: 10.49
• 1Y Price Target: $49.38
• Price Target Upside: 11.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 2.7
• Revenue Forecast (FY): $24.14B

• Rating: 67 Neutral
• Price Target: $48.00 ▲(8.55% Upside)

Exelon's strong earnings call performance and financial stability are key strengths, supported by robust operational metrics. However, technical indicators and high leverage pose risks. The stock's valuation is moderate, with a reasonable P/E ratio and dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a stable and expanding market presence, supporting long-term business sustainability and shareholder value.

Operational Excellence

High reliability rankings reflect strong operational capabilities, enhancing customer satisfaction and regulatory compliance, crucial for long-term success.

Legislative Advancements

Legislative support for clean energy initiatives strengthens Exelon's market position and aligns with sustainability trends, fostering future growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially affecting Exelon's ability to invest in growth and manage economic downturns.

Negative Free Cash Flow

Negative free cash flow indicates potential cash management issues, which could hinder Exelon's capacity to fund operations and strategic initiatives.

Supply Challenges

Supply shortfalls can disrupt service reliability and customer trust, impacting Exelon's competitive position and regulatory relationships.

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 through several key streams. The primary revenue source is the sale of electricity and natural gas to residential, commercial, and industrial customers through its utility subsidiaries. Additionally, Exelon Generation earns revenue by selling electricity in wholesale markets, derived from its extensive fleet of power generation facilities. The company also benefits from capacity payments and ancillary services provided to the grid. Significant partnerships with renewable energy developers and investments in clean technology initiatives further enhance Exelon's revenue potential. Furthermore, regulatory frameworks and incentives for clean energy projects contribute positively to Exelon's earnings, as the company continues to transition towards more sustainable energy solutions.

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	8.94B	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: Neutral
• Last Price: 44.22
• 50DMA: Negative
• 100DMA: Negative
• 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 Neutral. The current price of 44.22 is below the 20-day moving average (MA) of 44.71, below the 50-day MA of 45.81, and above the 200-day MA of 44.03, indicating a neutral trend. The MACD of -0.60 indicates Positive momentum. The RSI at 45.52 is Neutral, neither overbought nor oversold. The STOCH value of 58.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EXC.

Exelon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEE	71 Outperform	$169.36B	25.82	12.48%	2.79%	26.96%	-6.80%
DUK	70 Outperform	$89.89B	18.17	9.92%	3.65%	4.80%	14.44%
AEP	68 Neutral	$61.19B	16.76	12.85%	3.26%	7.66%	37.42%
EXC	67 Neutral	$44.21B	15.66	10.31%	3.66%	6.07%	15.20%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
SO	64 Neutral	$94.38B	21.31	13.06%	3.43%	9.40%	-6.05%
D	63 Neutral	$50.67B	20.19	9.27%	4.50%	12.72%	4.90%

Exelon Corporate Events

Exelon Completes $1 Billion Convertible Notes Sale

On December 4, 2025, Exelon Corporation completed the sale of $1 billion in Convertible Senior Notes due 2029, which included a $100 million option for additional Notes. These Notes, offered to qualified institutional buyers, bear a fixed interest rate of 3.25% and are convertible into cash or a combination of cash and shares of Exelon’s common stock. The proceeds, estimated at $987.5 million, will be used to repay or refinance debt or for general corporate purposes. This strategic financial move positions Exelon to manage its debt effectively while maintaining flexibility in its capital structure, potentially impacting its market standing and stakeholder interests.

Exelon Announces Executive Leadership Changes

On November 26, 2025, Exelon Corporation announced the departure of David Glockner, Executive Vice President of Compliance, Audit, and Risk, effective January 1, 2026. Following his departure, Jeanne Jones will expand her role to include audit and risk responsibilities, while Colette Honorable will take on compliance duties, reflecting a strategic realignment of executive roles within the company.

Exelon Reaches Settlement in Stockholder Derivative Action

On November 18, 2025, the United States District Court for the Northern District of Illinois granted preliminary approval for a proposed settlement of a consolidated stockholder derivative action involving Exelon Corporation. The settlement, reached through mediation by the Special Litigation Committee and the Independent Review Committee of Exelon’s Board, aims to resolve claims related to alleged breaches of fiduciary duty and other violations by Exelon’s officers and directors. The court’s approval of this settlement could impact Exelon’s operations and its stakeholders, as it addresses past legal challenges and aims to prevent future litigation related to these claims.

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.