Exelon (EXC) AI Stock Analysis

• Market Cap: $43.90B
• Dividend Yield: 3.57%
• Average Volume (3M): 5.32M
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.03
• Revenue Growth: 6.71%
• EPS Growth: 16.09%
• Country: US
• Employees: 20,000
• Sector: Utilities
• Sector Strength: 76
• Industry: Regulated Electric
• EPS (TTM): 0.92
• Shares Outstanding: 1,009,535,640
• 10 Day Avg. Volume: 4,828,124
• 30 Day Avg. Volume: 5,318,162
• PEG Ratio: 1.67
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -29.48
• Enterprise Value/Market Cap: 2.08
• Enterprise Value/Revenue: 0.79
• Enterprise Value/Gross Profit: 12.18
• Enterprise Value/Ebitda: 2.90
• 1Y Price Target: $48.45
• Price Target Upside: 10.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 73 Outperform
• Price Target: $48.00 ▲(9.74%Upside)

Exelon's overall stock score of 73 reflects its strong financial performance and positive earnings call sentiment, which are the most impactful factors. While technical analysis and valuation are also supportive, challenges in cash flow management and moderate leverage pose risks that balance the overall score.

Positive Factors

Financial 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

Market Position

There is limited upside in the near-term relative to other utility stocks.

Stock Performance

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

Exelon Business Overview & Revenue Model

Company Description

Exelon Corporation (EXC) is a leading energy provider operating primarily in the electricity and natural gas sectors. Headquartered in Chicago, Illinois, Exelon is one of the largest competitive U.S. power generators, with its operations spanning across power generation, energy sales, and electric and gas utilities. The company serves millions of customers through its subsidiaries, including major utilities such as Commonwealth Edison (ComEd), PECO Energy Company, and Baltimore Gas and Electric Company (BGE). Exelon is committed to delivering clean, reliable, and affordable energy while pursuing sustainable practices and technological innovation.

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 a 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, and moderate leverage on the balance sheet suggest careful monitoring is required.

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

Exelon Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.74
• 50DMA: Positive
• 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 Positive. The current price of 43.74 is above the 20-day moving average (MA) of 43.29, above the 50-day MA of 43.24, and above the 200-day MA of 41.34, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 54.03 is Neutral, neither overbought nor oversold. The STOCH value of 62.70 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
DUK	74 Outperform	$93.08B	19.93	9.48%	3.49%	5.02%	45.08%
EXC	73 Outperform	$43.90B	16.13	10.10%	3.57%	6.71%	16.09%
NEE	73 Outperform	$148.21B	25.37	11.84%	3.01%	18.80%	-6.73%
SO	70 Outperform	$104.55B	22.81	14.01%	3.05%	9.58%	8.02%
D	69 Neutral	$50.10B	21.87	8.22%	4.54%	3.62%	40.33%
AEP	68 Neutral	$58.17B	21.01	10.41%	3.37%	4.20%	-3.64%
Sector *	66 Neutral	¥346.97B	7.78	9.28%	2.63%	2.39%	8.81%

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.