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Exelon (EXC) AI Stock Analysis
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Exelon
(NASDAQ:EXC)
EXC scores as moderately attractive: positive earnings call momentum and strong technical uptrend support the score, while valuation is reasonable with a solid dividend. The main constraint is financial quality—persistent negative free cash flow and a leverage-heavy utility balance sheet reduce flexibility and keep the overall score from being higher.
Exelon Key Performance Indicators (KPIs)
Operating Income by SegmentShows the profitability of each business segment, highlighting which areas are driving earnings and which may need strategic adjustments.
Exelon's operating income across segments shows a notable recovery, especially in the 'Other' category, which turned positive in 2024 after years of losses. Comed and Peco segments maintain steady growth, while BGE and Phi exhibit volatility but overall improvement. The earnings call highlights strong operational performance and strategic investments, with Exelon exceeding earnings expectations despite challenges like increased customer costs. The company's focus on transmission expansion and regulatory activities suggests a strategic positioning for long-term growth, aligning with their projected 5-7% earnings growth through 2028.
The FlyExelon (EXC) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $47.56B
- Dividend Yield
- 3.60%
- Average Volume (3M)
- 7.45M
- Price to Earnings (P/E)
- 18.0
- Beta (1Y)
- -0.16
- Revenue Growth
- 6.67%
- EPS Growth
- ―
- Country
- US
- Employees
- 20,571
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Electric
Exelon Business Overview & Revenue Model
Company Description
Exelon Corporation, a utility holding company established in 1999 and headquartered in Chicago, Illinois, operates across the United States and Canada. The company primarily focuses on the generation, delivery, and marketing of energy. It maintains a...
How the Company Makes Money
Exelon makes money primarily through regulated utility operations. Its core revenue stream comes from delivering electricity over its distribution and transmission-connected infrastructure and charging customers regulated rates approved by state util...
Exelon Earnings Call Summary
The call was broadly positive. Exelon reported earnings ahead of expectations, narrowed full-year guidance, reaffirmed long-term growth near the top end of its 5% to 7% range, highlighted strong reliability and affordability metrics, and described progress across its regulatory, financing and capital investment plans. The principal challenges were delays in PJM capacity and reliability solutions, high regional supply costs, storm-related earnings pressure and unresolved timing around the Pennsylvania rate case.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Exelon narrowed full year operating earnings guidance to $2.85 to $2.91 per share, with the goal of delivering at the midpoint or better, and reaffirmed its expectation of annualized adjusted operating earnings growth near the top end of its 5% to 7% range from 2025 through 2029. The outlook is supported by a $41.7 billion capital plan, 7.9% rate base growth, transmission growth of 16%, $12 billion to $17 billion of identified transmission opportunities, 1.5 to 3.5 gigawatts or approximately $3 billion to $7 billion of potential storage investment, and approximately 40% equity for incremental capital opportunities. The fourth quarter outlook assumes approved distribution and transmission rates, the absence of onetime items from 2025, fair and reasonable outcomes in our proceedings and normal weather and storm activity along with the reversal of timing; Exelon is on track for 2026 and continues to expect earnings growth near the top end of its 5% to 7% range through 2029, supported by nearly 8% rate base growth.
Exelon Financial Statement Overview
Summary
Fundamentals are steady for a regulated utility (income statement score 74) with consistent profitability, but are held back by rising leverage (balance sheet score 62) and persistently negative free cash flow (cash flow score 45), implying ongoing external funding needs and reduced flexibility.
Income Statement
74PositiveBalance Sheet
62PositiveCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.94B | 24.26B | 23.03B | 21.73B | 19.08B | 17.94B |
| Gross Profit | 5.17B | 6.77B | 9.40B | 8.93B | 8.03B | 7.01B |
| EBITDA | 8.95B | 9.06B | 8.18B | 7.94B | 7.38B | 10.52B |
| Net Income | 2.64B | 2.77B | 2.46B | 2.33B | 2.17B | 1.71B |
Balance Sheet | ||||||
| Total Assets | 122.24B | 116.57B | 107.78B | 101.86B | 95.35B | 133.01B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 1.15B | 357.00M | 445.00M | 407.00M | 672.00M |
| Total Debt | 53.19B | 50.55B | 46.65B | 44.01B | 40.05B | 34.54B |
| Total Liabilities | 92.11B | 87.77B | 80.86B | 76.10B | 70.61B | 98.22B |
| Stockholders Equity | 30.13B | 28.80B | 26.92B | 25.75B | 24.74B | 34.39B |
Cash Flow | ||||||
| Free Cash Flow | -2.58B | -2.27B | -1.53B | -2.71B | -2.28B | -4.97B |
| Operating Cash Flow | 6.65B | 6.25B | 5.57B | 4.70B | 4.87B | 3.01B |
| Investing Cash Flow | -9.21B | -8.53B | -7.04B | -7.38B | -6.99B | -3.32B |
| Financing Cash Flow | 2.59B | 2.53B | 1.31B | 2.68B | 1.59B | 758.00M |
Exelon Technical Analysis
Price Trends
Market Momentum
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 46.16 is above the 20-day moving average (MA) of 43.22, above the 50-day MA of 42.77, and above the 200-day MA of 44.99, indicating a bullish trend. The MACD of 0.89 indicates Negative momentum. The RSI at 73.74 is Negative, neither overbought nor oversold. The STOCH value of 89.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EXC.
Exelon Risk Analysis
Exelon disclosed 28 risk factors in its most recent earnings report. Exelon reported the most risks in the "Production" category.
Latest Risks Added
1 New RiskExelon Peers Comparison
Overall Rating
DUK70Outperform
NEE69Neutral
ETR67Neutral- EXC67Neutral
D66Neutral
SO57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DUK | 70Outperform | $99.33B | 19.13 | 9.88% | 3.36% | 6.33% | 8.98% |
| NEE | 69Neutral | $175.57B | 15.00 | 20.37% | 2.91% | 13.47% | 76.73% |
| ETR | 67Neutral | $52.61B | 27.80 | 10.41% | 2.32% | 10.19% | -2.59% |
| EXC | 67Neutral | $47.65B | 17.96 | 8.95% | 3.60% | 6.67% | ― |
| D | 66Neutral | $58.59B | 22.06 | 9.28% | 4.01% | 22.97% | 2.81% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| SO | 57Neutral | $107.80B | 22.47 | 12.61% | 3.20% | 6.40% | 6.90% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| EXC | Exelon Corp. | 46.16 | 1.60 | 3.58% | |
| D | Dominion Energy Inc | 66.62 | 10.53 | 18.76% | |
| DUK | Duke Energy | 127.39 | 7.91 | 6.62% | |
| ETR | Entergy Corp. | 110.11 | 15.59 | 16.50% | |
| NEE | NextEra Energy Inc. | 83.71 | 4.21 | 5.30% | |
| SO | The Southern Company | 93.71 | 3.54 | 3.92% |
Exelon Corporate Events
Exelon Reports Strong Q3 Earnings and Tightens Guidance
PositiveOn October 30, 2026, Exelon reported third-quarter 2026 GAAP net income of $0.70 per share, down from $0.86 a year earlier, while adjusted operating earnings rose to $0.87 per share from $0.86, coming in above expectations. The company narrowed its f...
Exelon Reshapes Senior Leadership to Support Growth
PositiveOn Aug. 25, 2026, Exelon announced a broad reshaping of its senior leadership as it prepares for future growth and strategic execution across its six utilities. Longtime executive Michael Innocenzo will depart in 2027 after nearly four decades at PEC...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 31, 2026