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. In addition, 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. The company was incorporated in 1999 and is headquartered in Chicago, Illinois.
IPO Year:
Exchange: NASDAQ
Website: exeloncorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/20/2024 | $46.00 | Buy | Jefferies |
1/10/2024 | $36.00 → $39.00 | Neutral → Buy | Mizuho |
1/8/2024 | Buy → Neutral | Seaport Research Partners | |
1/2/2024 | $47.00 → $37.00 | Buy → Neutral | UBS |
12/18/2023 | $41.00 | Overweight → Neutral | JP Morgan |
12/18/2023 | $45.00 → $38.00 | Overweight → Equal-Weight | Morgan Stanley |
12/15/2023 | Outperform → In-line | Evercore ISI | |
12/15/2023 | $44.00 → $40.00 | Buy → Neutral | Guggenheim |
11/21/2023 | $45.00 → $40.00 | Buy → Neutral | Mizuho |
8/23/2023 | $43.00 | Overweight | Barclays |
$175,000 in scholarship fundings available to help local students prepare for wide range of clean energy career opportunities ComEd today announced it is now accepting applications for $175,000 worth of college and trades scholarships made available through its Future of Energy Scholars program. Now through November 3, 2024, students who are pursuing a future career in energy, either through a trades training program or a STEM-related college major, can apply for scholarships ranging from $1,000 to $10,000 each. "At ComEd, our focus is on creating a cleaner, more resilient future for our communities; that future requires a skilled and diverse talent pipeline to power the future of energy,
Partnership with EV dealers, manufacturers to accelerate EV fleet adoption, leveraging rebates through ComEd's nearly $90 million in EV funding made available for 2024 During the annual Chicago Drives Electric event, ComEd today announced the Point of Purchase initiative, which leverages ComEd's EV rebate programs and will deliver instant discounts to qualifying business and public sector customers in the market for electric fleet vehicles. The initiative, designed to provide more certainty around the total costs of a conversion to all-electric fleet vehicles, is powered by a growing collaboration of more than 30 auto dealerships, various EV manufacturers and local EV stakeholders. "Makin
ComEd, partnering agencies have already made $80 million in grants available to 186,000 customers so far this year, now new federal funding is available Following the state of Illinois' launch of the new application period for the Low Income Home Energy Assistance Program (LIHEAP), a federal energy-assistance program, ComEd reminds customers that the energy company also offers a wide-range of support options to compliment these grants and help customers of all income levels. "ComEd continues to work in collaboration with community agencies across northern Illinois to support our most vulnerable customers and connect them to billing assistance options to help make their monthly energy expe
In partnership with Elevate and community and climate partners, ComEd is delivering first of its kind equity-centered program to help low-income customers lower energy usage, carbon footprint ComEd today joined Elevate and Bickerdike Redevelopment Corporation to highlight milestone progress made on electrifying low-income homes in Chicago and across the northern Illinois region served by ComEd. Through ComEd's Whole Home Electric program, 450 low-income homes and apartment units have been electrified, with homes retrofitted with all-electric appliances and heating and cooling systems, which are expected to help reduce energy usage, lower net energy costs and lower carbon emissions for the
Seventh Annual Powering the Arts Grant Program Expands Access to Arts and Culture Across Northern Illinois In a continued effort to broaden access to arts and culture across northern Illinois, ComEd and the League of Chicago Theatres today announced the distribution of more than $200,000 in grants to 18 local arts organizations. Through the Powering the Arts Program, ComEd will provide individual grants of up to $25,000 to nonprofits, including local theaters, arts programs, cultural centers and youth-focused organizations dedicated to enriching their communities through artistic expression. Since its inception in 2018, the ComEd Powering the Arts Program has contributed more than $1 mill
Top honors in the utility category a testament to ComEd's work to remove barriers and support widespread, equitable EV adoption in northern Illinois Plug in America, a national electric vehicle advocacy group, today announced that ComEd is the only energy company to earn a 2024 Drive Electric award. ComEd was selected for the exclusive honors based on its efforts to advance the electric vehicle (EV) movement, and for the creation of EV customer programs designed to address gaps and equitably increase the adoption of EVs. EVs are on the rise in Illinois today, with over 111,000 EVs currently registered in Illinois, and nearly 90 percent of them in ComEd's northern Illinois service territ
ComEd leads peer energy companies in attracting major, job-creating business projects with strong reliability performance and access to clean energy ComEd is again being hailed as a national leader for its work to drive economic growth and job creation across northern Illinois, according to new rankings out today by Site Selection Magazine, which named ComEd as one of the Top 20 utilities in economic development. Based on a review of corporate relocations and expansion from the last year and its research into utilities with active economic development departments, Site Selection finds ComEd is once again in the upper echelon of utilities in attracting new businesses, jobs and investments
Skokie is one of the first communities to receive EV funding through ComEd's CEJA-supported rebate programs to spur EV adoption ComEd today joined Illinois Governor JB Pritzker to present a $45,000 electric vehicle (EV) rebate check to the Village of Skokie, helping provide funding to electrify the Village's municipal fleet. Skokie is one of the first municipalities to receive a rebate through ComEd's beneficial electrification (BE) plan, supported by the state's Climate and Equitable Jobs Act (CEJA), which is designed to accelerate the adoption of all-electric technologies. Funding for fleet EVs and related infrastructure is an essential step to reducing barriers to EV adoption and sup
Quilt to use reserve fiber on ComEd system to expand access to high-speed internet ComEd today announced that QUILT, an Illinois nonprofit supporting disadvantaged communities, will license reserve fiber optics on the ComEd system as part of its efforts to provide affordable high-speed broadband service on Chicago's South and West Sides. Other similar agreements will be enabled by a $14.6 million grant awarded to ComEd last year by the Bipartisan Infrastructure Law (IIJA) and the U.S. Department of Commerce (NTIA), which supports a build-out of reserve middle-mile fiber that can be licensed by any InternetService Provider (ISP) to expand access to affordable broadband service in underserv
Collaboration Aims to Increase Access to Affordable High-Speed Broadband in Underserved Communities Benefitting Over 440,000 Households HOFFMAN ESTATES, Ill., Aug. 29, 2024 /PRNewswire/ -- Cambium Networks (NASDAQ:CMBM), a leading global provider of wireless and wired networking solutions, today announced a strategic collaboration with QUILT, a 501(c)(3) nonprofit organization, NODE Networks, TMA Technology Solutions, and ComEd to enhance digital equity in underserved communities across Chicago as part of QUILT's Broadband Access for Brighter Futures Program. The program will deploy a 401-mile fiber network across Cook County and the South Side and West Side of Chicago, incorporating 30 stra
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Sunrun (NASDAQ:RUN), the nation's leading provider of clean energy as a subscription service, is now operating the nation's first vehicle-to-home power plant using a small group of customer-owned bidirectional electric vehicles. In partnership with Maryland's largest utility, Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corporation (NASDAQ:EXC), the regulator-approved initiative utilizes all-electric Ford F-150 Lightning trucks to deliver power to owners' homes this summer during peak demand times to support Maryland's power grid.
Barclays analyst Nicholas Campanella maintains Exelon (NASDAQ:EXC) with a Overweight and raises the price target from $39 to $41.
Exelon's (NYSE:EXC) short percent of float has risen 64.94% since its last report. The company recently reported that it has 25.38 million shares sold short, which is 2.54% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.72 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
- Reuters
Morgan Stanley analyst David Arcaro maintains Exelon (NASDAQ:EXC) with a Equal-Weight and lowers the price target from $41 to $39.
The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks drive broader market gains. The S&P 500 also recorded its fourth straight positive day, rising 0.2% to a record closing level of 5,433 points, rebounding from a morning dip caused by disappointing unemployment claims data. In the afternoon, traders regained confidence in risky assets after U.S. Treasury Secretary Janet Yellen expressed optimism about continued progress in disinflation. While Yellen noted easing labor market pressures, she emphasized that the job market remains strong. The market anticipates a rate cut in
Exelon's (NYSE:EXC) short percent of float has fallen 6.94% since its last report. The company recently reported that it has 13.39 million shares sold short, which is 1.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.84 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Morgan Stanley analyst David Arcaro maintains Exelon (NASDAQ:EXC) with a Equal-Weight and raises the price target from $38 to $41.
Earnings Release Highlights GAAP net income of $0.45 per share and Adjusted (non-GAAP) operating earnings of $0.47 per share for the second quarter of 2024 Reaffirming full year 2024 Adjusted (non-GAAP) operating earnings guidance range of $2.40-$2.50 per share Reaffirming fully regulated operating EPS compounded annual growth target of 5-7% through 2027 Strong utility reliability performance – achieved top quartile reliability performance at all utilities, with ComEd and Pepco Holdings achieving top decile in both outage frequency and outage duration for the second straight quarter An order in Pepco's "Climate Ready Pathway MD" multi-year plan was received in June Exelon
The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.38 per share on Exelon's common stock. The dividend is payable on September 13, 2024, to Exelon's shareholders of record as of the close of business on August 12, 2024. About Exelon Exelon (NASDAQ:EXC) is a Fortune 200 company and the nation's largest utility company, serving more than 10.5 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). 20,000 Exelon employees dedicat
Earnings Release Highlights GAAP Net Income of $0.66 per share and Adjusted (non-GAAP) Operating Earnings of $0.68 per share for the first quarter of 2024 Affirming full year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $2.40-$2.50 per share Reaffirming fully regulated operating EPS compounded annual growth target of 5-7% from 2023 to 2027 Achieved top quartile reliability performance at all utilities, with ComEd and PHI achieving top decile in both outage frequency and outage duration ComEd refiled its Multi-Year Grid Plan in March as directed by the Illinois Commerce Commission (ICC), with a final order expected before the end of 2024 PECO filed electric
The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.38 per share on Exelon's common stock. The dividend is payable on Friday, June 14, 2024, to Exelon's shareholders of record as of 5 p.m. Eastern time on Monday, May 13, 2024. About Exelon Exelon (NASDAQ:EXC) is a Fortune 250 company and the nation's largest utility company, serving 10.6 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). Nearly 20,000 Exelon employees dedi
Earnings Release Highlights GAAP Net Income of $0.62 per share and Adjusted (non-GAAP) Operating Earnings of $0.60 per share for the fourth quarter of 2023 Introducing 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $2.40-$2.50 per share Declaring quarterly dividend of $0.38 per share for the first quarter of 2024, representing 5.6% growth over 2023 fourth quarter dividend of $0.36 per share Projecting to invest $35 billion of capital expenditures over the next four years to meet customer needs, resulting in expected rate base growth of 7.5% and operating EPS compounded annual growth of 5-7% from 2023 to 2027 Updating 4-year financing plan to include $1.3 billio
ComEd wins national reliability award at PA Consulting's 23rd annual ReliabilityOne® Awards In recognition of ComEd's successful efforts to provide industry- and nation-leading reliability for the more than 9 million people it serves in northern Illinois, PA Consulting, a consultancy that's bringing ingenuity to life, yesterday awarded the electric company the 2023 ReliabilityOne® Outstanding System Reliability Award, as well as the 2023 ReliabilityOne® Award for Outstanding Reliability Performance in the Midwest Region. "It wasn't that long ago that most ComEd customers expected power outages and considered them commonplace," said ComEd CEO Gil Quiniones. "Over the last decade, however
Earnings Release Highlights GAAP Net Income of $0.70 per share and Adjusted (non-GAAP) Operating Earnings of $0.67 per share for the third quarter of 2023 Narrowing guidance range for full year 2023 Adjusted (non-GAAP) Operating Earnings from $2.30-$2.42 per share to $2.32-$2.40 per share Reaffirming fully regulated operating EPS compounded annual growth target of 6-8% from 2021 and 2022 guidance midpoints through 2025 and 2026, respectively, with expectation to be at midpoint or better of growth range Strong utility reliability performance – every utility achieved top quartile in outage duration and outage frequency, and ComEd and PHI delivered best-on-record performance for th
Earnings Release Highlights GAAP Net Income of $0.34 per share and Adjusted (non-GAAP) Operating Earnings of $0.41 per share for the second quarter of 2023 Reaffirming full year 2023 Adjusted (non-GAAP) Operating Earnings guidance range of $2.30-$2.42 per share Reaffirming fully regulated operating EPS compounded annual growth target of 6-8% from 2021 and 2022 guidance midpoints through 2025 and 2026, respectively, with expectation to be at midpoint or better of growth range Strong utility reliability performance – every utility achieved top quartile in outage duration and outage frequency, and ComEd, PECO, and PHI delivered best-on-record performance for the second straight qua
Energy company ready to safely deliver electricity during heat wave, offers customers tips to safe energy and money Northern Illinois is anticipating extreme heat exceeding 90 degrees and forecasted summer rainstorms over the coming days. ComEd has been hard at work for the past several months to ensure the company's critical electric infrastructure is prepared to handle increased demand during times of prolonged higher temperatures. This proactive effort also includes infrastructure work to strengthen the local energy grid to prevent outages caused by severe summer storms. With severe weather showing up early and often, and high summer temperatures placing more stress on the electric g
The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.36 per share on Exelon's common stock. The dividend is payable on Friday, September 8, 2023, to Exelon's shareholders of record as of 5 p.m. Eastern time on Tuesday, August 15, 2023. About Exelon Exelon (NASDAQ:EXC) is a Fortune 250 company and the nation's largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 19,000 Ex
Jefferies initiated coverage of Exelon with a rating of Buy and set a new price target of $46.00
Mizuho upgraded Exelon from Neutral to Buy and set a new price target of $39.00 from $36.00 previously
Seaport Research Partners downgraded Exelon from Buy to Neutral
UBS downgraded Exelon from Buy to Neutral and set a new price target of $37.00 from $47.00 previously
JP Morgan downgraded Exelon from Overweight to Neutral and set a new price target of $41.00
Morgan Stanley downgraded Exelon from Overweight to Equal-Weight and set a new price target of $38.00 from $45.00 previously
Evercore ISI downgraded Exelon from Outperform to In-line
Guggenheim downgraded Exelon from Buy to Neutral and set a new price target of $40.00 from $44.00 previously
Mizuho downgraded Exelon from Buy to Neutral and set a new price target of $40.00 from $45.00 previously
Barclays initiated coverage of Exelon with a rating of Overweight and set a new price target of $43.00
Partnership with EV dealers, manufacturers to accelerate EV fleet adoption, leveraging rebates through ComEd's nearly $90 million in EV funding made available for 2024 During the annual Chicago Drives Electric event, ComEd today announced the Point of Purchase initiative, which leverages ComEd's EV rebate programs and will deliver instant discounts to qualifying business and public sector customers in the market for electric fleet vehicles. The initiative, designed to provide more certainty around the total costs of a conversion to all-electric fleet vehicles, is powered by a growing collaboration of more than 30 auto dealerships, various EV manufacturers and local EV stakeholders. "Makin
ComEd today announced the appointments of Elizabeth "Liz" Buchanan, 39, president of NielsenIQ, North America, and Stephen "Biff" Bowman, 61, retired CFO of The Northern Trust Company, to its Board as independent directors, expanding its board to include five independent directors, for a total of seven directors. They join independent directors Ricardo "Ric" Estrada, president and CEO of Metropolitan Family Services, Zaldwaynaka "Z" Scott, President of Chicago State University, and Smita Shah, CEO of SPANN Tech, Inc. Mr. Estrada was named to ComEd's board in November 2021, and Mses. Scott and Shah were both named to the board in February 2022. "Liz and Biff are distinguished local busin
ComEd's CONSTRUCT Youth Academy expands in second year to prepare more area youth for roles in the growing clean energy field ComEd, the YMCA of Metropolitan Chicago and Goodwill Greater Milwaukee & Chicago today hosted a graduation event for 89 teens who have completed summer job training that prepared them for emerging career opportunities in the clean energy and construction fields. Through the CONSTRUCT Youth Academy program, ComEd and its partner agencies are expanding access to training for local teens interested in careers in the fast-growing energy sector. Expanding training for local youth and job seekers is critical to preparing communities for the expected future job growth,
John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, to join the EOC Management Committee as Chair, plus Edison International, Exelon Corporation, and Southern Company join Xcel Energy, Micron, and Air Products to help expand U.S. procurement and supply chain opportunities for small and historically underutilized businesses NEW YORK, July 18, 2024 /PRNewswire/ -- The Rockefeller Foundation announced today that John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, has joined the Economic Opportunity Coalition's (EOC) Management Committee as Chair. In addition, the EOC is an innovative initiative that has received new procurement commitments from Edison International
Eighty-five overhead apprentices take next steps to work on the grid; expansion of training will support future talent needs required to support America's most reliable utility ComEd today unveiled the newly built Libertyville Training Center, celebrating 21 trainees from the site's overhead electrical apprenticeship school. The Libertyville Training Center marks the 7th training center in the northern Illinois service region, highlighting ComEd's commitment to boosting training opportunities across the communities it serves to build a diverse and skilled talent pipeline needed to construct and maintain the nation's most reliable grid in the years ahead. ComEd celebrates the largest ove
PHILADELPHIA, May 21, 2024 /PRNewswire/ -- Hilco Redevelopment Partners (HRP) today announced the appointment of founder and CEO Roberto E. Perez to the board of directors for PECO, Pennsylvania's largest electric and natural gas distribution company. Perez brings significant experience with land development and energy infrastructure through HRP's work transforming obsolete industrial assets into modern economic engines, including the redevelopment of 1300 acres in South Philadelphia into The Bellwether District. "We are pleased to have such an accomplished individual joining
To date, $130 million in rebates have been distributed through ComEd's distributed generation rebate program Illinois Governor JB Pritzker today joined ComEd to present G&W Electric of Bolingbrook, Ill., with a record high Distributed Generation (DG) Rebate of $2.6 million for the construction of a massive solar-plus-storage project at its global headquarters and manufacturing center southwest of Chicago. Created by the Future Energy Jobs Act in 2017 and expanded by the Illinois Climate and Equitable Jobs Act in 2021, ComEd's DG Rebate program has awarded $130 million in rebates since inception. It is available to commercial, industrial, and residential customers that install an eligible
10th annual Switch on Summer celebration marks unofficial start to season with return of retired WGN-TV Chief Meteorologist Tom Skilling ComEd, in collaboration with the Chicago Park District is thrilled to announce the return of the Switch on Summer celebration for its tenth consecutive year. The public is invited to Chicago's Grant Park to witness the switching on of Buckingham Fountain to mark the unofficial start of the summer season, alongside WGN-TV's beloved retired Chief Meteorologist Tom Skilling who returns as master of ceremonies. The free event, which takes place from 11:30 a.m. to 1:00 p.m. on Saturday, May 11, will feature a preview of the 12th anniversary of the Park Dist
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Jessica Hart, Exelon's VP of Investment Strategy to be promoted to SVP and chief investment officer Exelon (Nasdaq, EXC) announced today the retirement of Doug Brown, senior vice president and chief investment officer. Upon Brown's retirement on July 1, 2024, Jessica Hart, currently Exelon's vice president of Investment Strategy and Public Markets, will be promoted to senior vice president and chief investment officer. Hart will lead the team responsible for managing all of Exelon's investment activities including pension funds, defined contribution plans and other employee benefit trusts. This press release features multimedia. View the full release here: https://www.businesswire.com/ne