Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 15 May, 26 | EXC | Buy | USD 44.4 | USD 45.62 | USD 49.0 | 12 days | Closed |
5.00%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States. The company is involved in the purchase and regulated retail sale of electricity and natural gas; transmission and distribution of electricity; and distribution of natural gas to retail customers. It serves residential, commercial, industrial, and public authorities and electric railroads customers. Exelon Corporation was incorporated in 1999 and is headquartered in Chicago, Illinois.
Growth in Net Income: USD 919 Mn in Q1FY26 vs USD 908 Mn in Q1FY25
Increase in Operating Revenues: USD 7,242 Mn in Q1FY26 vs USD 6,714 Mn in Q1FY25
Increase in Operating and Maintenance Expense: USD 1,466 Mn in Q1FY26 vs USD 1,347 Mn in Q1FY25
Decline in Adjusted Operating EPS: USD 0.91 in Q1FY26 vs USD 0.92 in Q1FY25
Key investment risks for Exelon include unfavorable regulatory outcomes, rising financing costs, elevated capital expenditure requirements, growing customer affordability pressures, and execution risks associated with large-scale transmission and grid modernization projects
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 44.4 | 40.0 | 45.62 | 49.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Financial Execution and Earnings Stability: Exelon Corporation delivered resilient first quarter FY26 performance, reporting adjusted operating earnings of USD 0.91 per share compared to USD 0.92 per share in Q1FY25. The company maintained GAAP earnings at USD 0.90 per share while benefiting from approved distribution and transmission rates across multiple utilities. Strong operational execution and disciplined cost management continued to support earnings stability despite higher interest and depreciation expenses.
Capital Investment Driving Long-Term Growth: The company reaffirmed its long-term adjusted operating earnings CAGR near the top end of the 5%-7% range through 2029. Exelon increased its four-year capital expenditure plan to USD 41.7 billion, supporting expected rate base growth of 7.9% from 2025 to 2029. Incremental investments are focused on transmission infrastructure, grid modernization, reliability enhancement, and growing large-load demand opportunities.
Transmission Expansion and Data Center Opportunities: Exelon remains well-positioned to capitalize on accelerating transmission and data center demand growth across its footprint. The company identified USD 12 billion to USD 17 billion of additional transmission investment opportunities beyond the current plan. Furthermore, committed data center projects reached nearly 18 GW, with around 45% secured through Transmission Security Agreements, reinforcing long-term load growth visibility.
Regulatory Progress and Operational Excellence: The company continued to achieve strong regulatory and operational milestones during the quarter. Pepco Maryland and DPL Delaware rate cases remained on track, while Maryland passed the Utility RELIEF Act supporting regulatory reform and grid investments. Operationally, all Exelon utilities sustained top-quartile reliability performance, with ComEd ranking within the top decile nationally, reflecting continued infrastructure investment effectiveness.
Strong Balance Sheet and Funding Flexibility: Exelon maintained a solid financial profile with approximately 43% of 2026 debt financing needs already executed and nearly 37% of its USD 3.4 billion equity requirement through 2029 priced via forward contracts. The company continues to maintain strong investment-grade credit ratings and target average credit metrics near 14%, supporting financial flexibility for future infrastructure investments and shareholder returns.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Exelon Corporation (NASDAQ: EXC) at the closing market price of USD 44.40, as on 14 May,2026
Data Powered by EOD Historical Data (“EODHD”).
Sector: Utilities Industry: Utilities - Regulated Electric
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EXC Exelon Corporation |
0.08 0.18% | 45.08 | 17.00 | 16.29 | 1.96 | 1.65 | 4.00 | 10.70 |
| NEE Nextera Energy Inc |
-1.1 1.28% | 84.58 | 15.77 | 17.61 | 4.52 | 2.61 | 7.10 | 12.28 |
| DUK Duke Energy Corporation |
-0.05 0.04% | 121.04 | 20.24 | 18.76 | 3.08 | 1.92 | 5.88 | 11.11 |
| SO Southern Company |
-0.02 0.02% | 90.49 | 25.35 | 17.76 | 2.89 | 2.48 | 5.27 | 13.35 |
| AEP American Electric Power Co Inc |
-0.8 0.63% | 126.31 | 20.01 | 20.79 | 3.28 | 2.30 | 5.52 | 13.07 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on May 15, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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