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 |
|---|---|---|---|
| 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 | |
| 12/15/2023 | $44.00 → $40.00 | Buy → Neutral | Guggenheim |
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
Chicago State University students to receive scholarships, mentorships, and potential internship opportunities Acting on its commitment to promoting equitable opportunities in science, technology, engineering, and math (STEM) education, ComEd has announced nine students currently pursuing STEM-related degrees at Chicago State University (CSU) as its 2025 ComEd Scholars. Entering its second year at CSU, the ComEd Scholars program aims to bridge the gap in funding for STEM education by providing scholarships to students seeking STEM-related degrees at local universities. On top of the scholarship funding, ComEd Scholars receive mentorship from ComEd engineers and professionals as well as th
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
ComEd expands funding in 2025 to help remove barriers to EV adoption and to boost EV charging availability throughout the region ComEd today joined a variety of local and industry stakeholders at the annual Chicago Auto Show to announce that it has made $100 million in rebates available to help more customers take steps toward electric vehicles (EVs) in 2025. To reduce upfront cost barriers to EVs, the rebates cover three distinct programs: residential EV charger and installation costs, all-electric fleet vehicles and business and public sector make ready charging infrastructure. ComEd EV investments are available for residential, business and public sector customers, and are designed to
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
In 2024, ComEd delivered best-in-class reliable service and advanced renewable energy initiatives for customers across northern Illinois ComEd is announcing how a series of investments and initiatives in 2024 led to record progress made in terms of enhancing reliability, clean energy access, community investment and jobs, and overall value for over 9 million people served in northern Illinois last year. Even amid record-breaking storms impacting the grid and the region, ComEd continued to deliver best-in-class reliability, connected thousands of customers to new renewable and cleaner energy resources, like solar and EVs, and continued to expand energy efficiency programs that help custome
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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
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
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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
Guggenheim downgraded Exelon from Buy to Neutral and set a new price target of $40.00 from $44.00 previously
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
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