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 |
---|---|---|---|
4/15/2025 | $48.00 | Outperform → In-line | Evercore ISI |
1/23/2025 | Neutral → Buy | Guggenheim | |
1/21/2025 | $43.00 → $44.00 | In-line → Outperform | Evercore ISI |
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 |
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ComEd job training programs - CONSTRUCT Infrastructure Academy and Craft Academy - graduate 73 new, local job seekers for careers in construction and the utilities Today, ComEd and a coalition of community and corporate partners celebrated a new class of 73 graduates from ComEd job training programs, CONSTRUCT Infrastructure Academy and Craft Academy – marking more than 1,000 local residents served by "Academy" job training programming since 2013. Designed to build a skilled and diverse talent pipeline, these free programs prepare job seekers for entry-level positions that lead to rewarding careers in the construction and utility fields. In partnership with eight workforce community agenc
Award recognizes ComEd's interconnection of over one gigawatt of distributed energy resources to the grid ComEd is proud to announce that it has been honored with the Policy Power Player Award at the prestigious 2025 SEPA Power Player Awards. The Smart Electric Power Alliance (SEPA) awards recognize outstanding individuals, organizations and projects that have advanced the transition to a clean, affordable and resilient energy system through bold leadership, collaborative partnerships and replicable solutions. The Policy Power Player Award highlights ComEd's exceptional leadership in promoting clean energy solutions and fostering partnerships that benefit communities and the environment.
ComEd, Chicago Park District host 11th annual Switch on Summer festival with artistic performances and ComEd customer resources ComEd is teaming up with the Chicago Park District for the eleventh consecutive year to announce the return of Switch on Summer. The public is invited to Chicago's Grant Park to celebrate the switching on of historic Buckingham Fountain and welcome the symbolic start of the summer season. The free event on Saturday, May 10, runs from 11:30 a.m. to 1:00 p.m., and will feature a preview of the 13th anniversary of the Park District's popular Night Out in the Parks summer event series lineup, and access to ComEd customer resources including bill assistance, energy ef
Exelon (NASDAQ:EXC) will hold its first quarter 2025 earnings conference call at 9:00 a.m. CT/10:00 a.m. ET on Thursday, May 1. The conference call will be led by Exelon President and CEO, Calvin Butler, and Exelon Executive Vice President and CFO, Jeanne Jones. To listen to or view the upcoming earnings presentation, please access the live listen-only webcast here. The audio webcast link will also be available on the Investor Relations page and will be archived and available for replay. About Exelon Exelon (NASDAQ:EXC) is a Fortune 200 company and the nation's largest utility company, serving more than 10.7 million customers through six fully regulated transmission and distribution util
More than $133 million in financial assistance and other support options secured by customers in 2024; with similar support available now As residents transition from winter to the warmer weather months, a transition that sees an increase in the use of air-conditioning and other recreational equipment, ComEd says customers should take action now to connect with bill-assistance and energy-management options to help manage their future energy needs. To help customers connect with solutions to manage rising energy costs, ComEd launched a new information website at ComEd.com/BillSupport. "ComEd's commitment to ensuring access to safe and reliable electricity means making investments and prov
ComEd STEM Labs connect students with STEM professionals to learn more about career opportunities As part of its Women's History Month celebration and to help encourage high school students to pursue careers in science, technology, engineering and math (STEM) fields, ComEd hosted its STEM Labs event on Saturday, March 22 in Chicago, where 50 local high school students joined more than 25 ComEd professionals for a day of mentoring and networking. "Careers in STEM fields are open to all, and we are committed to ensuring the next generation of women have opportunities for successful, rewarding and lucrative careers in STEM spaces," said Cheryl Maletich, Senior Vice President of Transmission
DeWalt brings cybersecurity expertise to the nation's largest utility company in a rapidly evolving technology landscape Exelon (NASDAQ:EXC) today announced the appointment of David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon, to its Board of Directors effective March 10, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250310403132/en/David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon. (Photo: Business Wire) DeWalt, 60, is a global authority on technology, security and safety, and he helmed cybersecurity industry leade
More than 1 million MWh of energy saved since VO program launched in 2018 ComEd last year delivered energy savings of approximately 100,000 megawatt hours (MWh) to customers through voltage optimization (VO), a form of energy efficiency that enhances the operation of appliances and equipment, resulting in reduced energy consumption and lower electricity bills. The energy savings were equivalent to avoiding more than 33,000 metric tons of carbon dioxide or powering more than 11,500 ComEd customer homes for one year. Since its launch in 2018 the VO program has produced energy savings of more than 1 million MWh, which is equivalent to avoiding more than 738 million pounds of carbon dioxide th
A new partnership between Chicago Public Schools, ComEd and City Colleges of Chicago will expand career-readiness opportunities for students Chicago Public Schools (CPS) students will soon have more access to career opportunities through an exciting new partnership with ComEd and City Colleges of Chicago's Dawson Technical Institute to strengthen the Early College STEM program at Chicago Military Academy (CMA). With an investment of $100,000 and other career and educational support, the new ComEd workforce development program will expand CMA's cutting-edge programs that provide high school students with advanced education pathways, career-readiness opportunities, and direct access to futu
ComEd STEM Labs encourage 50 local high school students to pursue careers in STEM As part of its annual Black History Month celebration and to help diversify the pipeline of students pursuing careers in science, technology, engineering and math (STEM) fields, ComEd hosted its ComEd STEM Labs event in which local high school students learned about solar generation STEM careers while building their own solar-powered battery chargers alongside ComEd mentors. "ComEd is committed to developing the next generation of STEM leaders by providing opportunities for local high school students to build their experience and confidence in the space as they chart their own career paths," said Melissa W
Evercore ISI downgraded Exelon from Outperform to In-line and set a new price target of $48.00
Guggenheim upgraded Exelon from Neutral to Buy
Evercore ISI upgraded Exelon from In-line to Outperform and set a new price target of $44.00 from $43.00 previously
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
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ComEd job training programs - CONSTRUCT Infrastructure Academy and Craft Academy - graduate 73 new, local job seekers for careers in construction and the utilities Today, ComEd and a coalition of community and corporate partners celebrated a new class of 73 graduates from ComEd job training programs, CONSTRUCT Infrastructure Academy and Craft Academy – marking more than 1,000 local residents served by "Academy" job training programming since 2013. Designed to build a skilled and diverse talent pipeline, these free programs prepare job seekers for entry-level positions that lead to rewarding careers in the construction and utility fields. In partnership with eight workforce community agenc
DeWalt brings cybersecurity expertise to the nation's largest utility company in a rapidly evolving technology landscape Exelon (NASDAQ:EXC) today announced the appointment of David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon, to its Board of Directors effective March 10, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250310403132/en/David DeWalt, founder and chief executive officer of cybersecurity and venture capital firm NightDragon. (Photo: Business Wire) DeWalt, 60, is a global authority on technology, security and safety, and he helmed cybersecurity industry leade
Nuvve Holding Corp. (NASDAQ:NVVE) today announced a new collaborative pilot program with Resource Innovations led by ComEd to explore the benefits of bidirectional charging using electric school buses within ComEd's service area powering more than 4.3 million customers across northern Illinois. Scheduled to run through the end of Q4 2025, the initiative will assess the environmental, societal, and grid impacts of integrating vehicle-to-grid (V2G) technology into clean transportation. "Nuvve's cutting-edge V2G technology transforms electric vehicles into reliable, dispatchable, and monetizable mobile energy storage assets, and our continued innovation—evidenced by our recent groundbreaking
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
Exelon (NASDAQ:EXC) will hold its first quarter 2025 earnings conference call at 9:00 a.m. CT/10:00 a.m. ET on Thursday, May 1. The conference call will be led by Exelon President and CEO, Calvin Butler, and Exelon Executive Vice President and CFO, Jeanne Jones. To listen to or view the upcoming earnings presentation, please access the live listen-only webcast here. The audio webcast link will also be available on the Investor Relations page and will be archived and available for replay. About Exelon Exelon (NASDAQ:EXC) is a Fortune 200 company and the nation's largest utility company, serving more than 10.7 million customers through six fully regulated transmission and distribution util
Earnings Release Highlights GAAP net income of $0.64 per share and Adjusted (non-GAAP) operating earnings of $0.64 per share for the fourth quarter of 2024, resulting in full-year GAAP net income of $2.45 per share and Adjusted (non-GAAP) operating earnings of $2.50 per share Introducing 2025 Adjusted (non-GAAP) operating earnings guidance range of $2.64-$2.74 per share Declaring quarterly dividend of $0.40 per share for the first quarter of 2025, implying an expected total 2025 dividend that represents an approximate 60% payout of Adjusted (non-GAAP) operating earnings per share Projecting to invest $38 billion of capital expenditures over the next four years, an increase of 10
Storage Capacity Installed of 336 Megawatt hours in Q3, exceeding high-end of guidance range and representing 92% year-over-year growth, as storage attachment rates reach 60% Solar Energy Capacity Installed of 230 Megawatts in Q3, at the high-end of prior guidance range, reaching 7.3 Gigawatts of Networked Solar Energy Capacity Cash Generation of $2.5 million in Q3, second consecutive quarter of positive Cash Generation Reiterating Cash Generation guidance of $350 million to $600 million in 2025 Net Earning Assets increases to $6.2 billion, including over $1 billion of Total Cash Sunrun becomes the first clean energy company to surpass 1 million residential solar customers SAN FRANCISC
Earnings Release Highlights GAAP net income of $0.70 per share and Adjusted (non-GAAP) operating earnings of $0.71 per share for the third quarter of 2024 Reaffirming full year 2024 Adjusted (non-GAAP) operating earnings guidance range of $2.40-$2.50 per share Reaffirming adjusted (non-GAAP) operating EPS compounded annual growth target of 5-7% through 2027 Strong utility reliability performance - all utilities achieved top quartile in reliability, with ComEd and Pepco Holdings continuing to achieve top decile in SAIFI and SAIDI performance DPL filed a natural gas distribution rate case with the Delaware Public Service Commission (DEPSC) in September seeking an increase in gas dis
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 December 13, 2024, to Exelon's shareholders of record as of the close of business on November 11, 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 dedicate
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