Exelon CorporationNasdaq: EXC
Utilities · Electric Utilities
$45.84
+0.61%
Vol: 6.9M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Exelon beats Q1 estimates, affirms 2026 EPS guidance, and shifts capex from utility to transmission to ease customer billsNeutral▶
Exelon reported Q1 2026 adjusted EPS of $0.91 and revenue of $7.24B on May 6, beating estimates. The company affirmed FY26 guidance of $2.81-$2.91 per share and projected compounded annual EPS growth near the top of its 5-7% target range through 2029. Exelon also revised its capex plan to lower utility spending by $350M next year while increasing transmission investments, with a four-year plan totaling $41.7B that supports 7.9% annual rate-base growth. EXC declared a $0.42 cash dividend with an ex-date of June 4. Data-center driven load growth remains a long-term tailwind (ComEd expects Illinois load to rise 19 GW by 2030), though PECO withdrew its electric and gas rate cases in Pennsylvania, creating near-term cost-recovery uncertainty. TD Cowen trimmed its PT to $49 from $51.
May 20TD Cowen lowered Exelon's price target to $49 from $51 (Hold) on May 15 amid PECO's withdrawal of Pennsylvania rate cases, while Exelon defers $1.1B utility capex and shifts $1.5B to transmission to support data-center load.Mixed▶
TD Cowen cut its Exelon price target to $49 from $51 on May 15 while maintaining Hold, citing rising capex and grid demand concerns. Exelon is rebalancing its capital plan with $1.1B in PECO/BGE project deferrals and $1.5B in incremental transmission investment to interconnect data centers, while PECO withdrew its Pennsylvania electric and gas rate cases, raising near-term cost recovery uncertainty. ComEd expects Illinois load to grow 19 GW by 2030 driven by data centers, supporting the structural growth thesis. Exelon affirmed FY26 adjusted EPS guidance of $2.81-$2.91 and a $41.7B four-year capex plan targeting 7.9% rate base growth. Risk: regulatory delays in PA could pressure near-term earnings even as long-term data-center tailwinds build.
May 19Exelon faces analyst PT cuts in mid-May as TD Cowen lowered target to $49 and KeyBanc cut to $41 with Sell rating amid regulatory uncertainty.Negative▶
Exelon reported Q1 2026 (May 6) adj. EPS of $0.91 and revenue $7.24B, topping estimates. Capital plan adjusted: $1.1B utility deferrals at PECO and BGE offset by $1.5B transmission increase; revised plan calls for $41.7B over four years with 7.9% rate base growth and 16%/yr transmission growth. 2026 EPS guide $2.81-$2.91. PECO withdrew PA rate cases. TD Cowen cut PT to $49 from $51 (May 15); KeyBanc to $41 from $43 with Sell (May 13). Bear case: regulatory withdrawal creates near-term cost-recovery uncertainty.
May 18TD Cowen trimmed Exelon's price target to $49 on May 15, the latest in a string of sell-side cuts as the utility navigates revised capital spending.Negative▶
On May 15, 2026, TD Cowen maintained a Hold rating on Exelon and lowered its price target to $49 from $51, following KeyBanc's May 13 cut from $43 to $41 with a Sell rating. The actions come after Exelon's Q1 results on May 6 delivered adjusted EPS of $0.91 on $7.24B in revenue, but the company also announced a revised capital plan that defers $1.1B at PECO and BGE while adding $1.5B in transmission spending tied to data center interconnections. Exelon reaffirmed its full-year 2026 adjusted EPS guidance of $2.81-$2.91 and reiterated long-term EPS growth near the top of its 5-7% range through 2029. Shares trade near $43.47, close to the 52-week low, with the data-center demand story seen as the key upside catalyst. A $0.42 dividend is payable with an ex-date of June 4.
May 15KeyBanc cut Exelon price target to $41 on May 12 amid PECO Pennsylvania rate case withdrawal; Q1 EPS of $0.91 beat estimates.Mixed▶
Exelon reported Q1 2026 adjusted EPS of $0.91 and revenue of $7.24B on May 6, beating estimates with outperformance driven by favorable weather and timing. The company affirmed 2026 EPS guidance of $2.81-$2.91 and projects 5-7% EPS CAGR through 2029. The four-year capital plan was revised upward to $41.7B for 2026-2029, with reallocation toward transmission investment. However, PECO withdrew its electric and gas rate cases in Pennsylvania, creating regulatory uncertainty. KeyBanc cut its price target to $41 from $43 on May 12; Evercore ISI cut to $57 from $58 on May 8. The board declared a $0.42 dividend on April 28. Risk: regulatory uncertainty from withdrawn rate cases.
May 14Exelon Q1 2026 EPS of $0.91 reaffirms full-year guidance; reallocates $1.1B utility spend to $1.5B transmission to ease affordabilityMixed▶
Exelon reported Q1 2026 adjusted EPS of $0.91 and revenue of $7.24B on May 6, 2026, affirming full-year 2026 guidance of $2.81-$2.91 per share and projecting compounded annual EPS growth near the top of its 5%-7% target through 2029. The utility lowered planned spending at PECO and BGE by $1.1B (deferrals/reductions) while raising transmission investment by $1.5B, resulting in $41.7B total capex over four years and 7.9% annual rate base growth. The shift aims to ease electric affordability while capturing data center transmission demand. The board declared a $0.42 quarterly dividend on April 28. KeyBanc lowered its target to $41 from $43, maintaining Underweight, citing regulatory uncertainty. Shares trade near $44.45, close to a 52-week low.
May 13Exelon affirms 2026 EPS guidance of $2.81-$2.91 after Q1 beat but stock slips on regulatory concernsMixed▶
Exelon reported Q1 2026 results on May 6 with adjusted EPS of $0.91 and revenue of $7.24 billion, topping analyst expectations, driven primarily by favorable weather and timing-related items. The company affirmed its full-year 2026 adjusted operating earnings guidance of $2.81-$2.91 per share and outlined a $41.7 billion four-year capital plan underpinning expected 7.9% rate base growth. The board declared a dividend of $0.42 per share on April 28. Despite the affirmation, the stock has slipped 3.4% over the past seven days and 9.5% over 30 days on increased regulatory risk concerns. Recent analyst downgrades and a Hold rating with a $49 price target indicate caution. Exelon also secured a $13 million savings settlement for gas customers.
May 12Exelon Q1 adjusted EPS $0.91; cuts utility spending by $350M to ease bills; files $2.5B equity offeringMixed▶
Exelon reported Q1 2026 adjusted operating EPS of $0.91, slightly below $0.92 last year but ahead of internal expectations. The company revised its capital plan to lower utility spending by $350 million next year to support electric affordability — featuring $1.1 billion of project deferrals/reductions at PECO and BGE, offset by $1.5 billion of incremental transmission investment to support data-center interconnection agreements. The revised plan calls for $41.7 billion in spending over four years with 7.9% annual rate base growth and ~16% transmission rate base growth through 2029. Exelon filed a $2.5 billion follow-on equity offering. Recent downgrades by multiple firms reflect regulatory risk concerns. Dividend yield 3.52%.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EXCEXELON | $45.84 | +0.61% | +1.0% | 15.8x | 0.41 | $49.0B |
| SOSOUTHERN | $93.26 | +0.78% | +0.8% | 19.9x | 0.33 | $110.5B |
| DUKDUKE | $123.92 | +0.15% | +0.9% | 18.1x | 0.37 | $101.0B |
| CEGCONSTELLATION | $274.07 | +2.58% | -9.4% | 17.6x | 1.12 | $85.4B |
| AEPAMERICAN | $127.69 | -0.45% | -0.1% | 20.2x | 0.50 | $75.4B |
| ETRENTERGY | $111.04 | +0.16% | -0.7% | 22.7x | 0.49 | $53.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.