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Exelon Corp

Exelon Corp

EXC
$46.26USD↓-1.13%-0.53 today

MARKET CAP

47.3B

P/E (TTM)

16.8x

FWD P/E

15.8x

DAY RANGE

$46 – $48

52W RANGE

$43
$51

AI Summary

Stalk
Buy NowMedium

EXC remains in a Stage 2 advancing regime with a clear higher-high/higher-low sequence following its corrective reset. Recent pullback into rising short-term EMAs and the 50 DMA offers a structurally sound entry zone amid continued demand dominance. Short-term indicators (RSI mid-range, OB/OS neutral) show no exhaustion, supporting a tactical long entry. Key risk remains a potential shift into Stage 3 distribution if support fails, but current dynamics favor participation on the pullback.

  • ↑2026 operating EPS of $2.81–$2.91 reaffirmed by management
  • ↑Plans $41.3B capex over 2025–28, with 70% toward transmission
  • ↓Pennsylvania’s withdrawn rate cases threaten investment recovery
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Exelon Corporation (NASDAQ: EXC) is a leading utility services holding company that provides electricity and natural gas to over 11 million customers through its subsidiaries across Illinois, Maryland, New Jersey, Pennsylvania, and Delaware. The company is uniquely positioned in the energy transition landscape, emphasizing renewable energy generation and operational reliability. As a player in the evolving energy sector, Exelon's initiatives are geared towards enhancing customer affordability and compliance with regulatory frameworks while also investing heavily in modernizing its infrastructure.

Bull says

  • ↑2026 operating EPS of $2.81–$2.91 reaffirmed by management
  • ↑Plans $41.3B capex over 2025–28, with 70% toward transmission
  • ↑Dividend yield at 3.62% with annual increases over three years
  • ↑Top-quartile reliability ranking reinforces operational integrity
  • ↑Active regulatory engagement in Maryland for utility-owned generation
  • ↑High leverage and stable volatility support shareholder returns

Bear says

  • ↓Pennsylvania’s withdrawn rate cases threaten investment recovery
  • ↓Anticipated supply shortfall may exacerbate customer affordability
  • ↓Operational costs rising amid negative earnings revisions
  • ↓High interest sensitivity could inflate financing costs
  • ↓Short interest up 7.4% signals growing investor skepticism
  • ↓Weak profitability factors and negative revisions raise valuation concerns

Investment themes with EXC

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026neutral

Transcript signals

Bull points

  • $0.91 per share, exceeding expectations without performance driven primarily by net favorable weather and timing related items.
  • We are also affirming our 2026 operating earnings guidance of $2.81 to $2.91 per share.
  • Reliability and operational performance continue to set the standard for the industry.

Bear points

  • Residential supply costs in the Mid-Atlantic have increased by up to 80% or more over the past five years. Without addressing supply constraints, affordability challenges will persist.
  • We are pulling back on certain projects, reprioritizing capital across our portfolio, and delivering $350 million of incremental O&M savings in 2027, tied to work we will no longer pursue.
  • It's not enough for projects to simply be in the queue. We need to ensure they are built and come online in time to meaningfully address the reliability need.
Read full transcript analysis ›