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Exelon Corporation(EXC)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$42.2
09/15/2026
(24-hour delay)

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Upturn Advisory & Investor View for EXC

09/15/2026: EXC (2-star) is currently NOT-A-BUY. Pass it for now.

Exelon Corporation is a leading U.S. utility holding company focused on regulated electric and natural gas distribution. As a pure-play utility, its primary strength lies in its expansive, geographically diverse customer base and stable, regulated cash flows, which historically support consistent dividend payments. The company's growth story is centered on large-scale infrastructure investments in grid modernization and electrification. However, investors should monitor risks such as high debt levels, sensitivity to rising interest rates, and the impact of evolving state-level regulatory decisions. Exelon is generally well-suited for income-oriented or low-risk investors looking for reliable, long-term utility sector exposure rather than high-growth potential.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitExelon is a mature utility company focused on stability and dividends rather than high-growth capital appreciation.
Momentum investorMixed fitThe stock tends to show low volatility and rarely experiences the rapid upward price momentum required for this style.
Value investorMixed fitExelon is often valued based on regulated rate-base multiples, making it attractive only when trading at favorable yields relative to interest rates.
Dividend investorStrong fitExelon provides reliable, recurring dividend income backed by regulated cash flows, appealing to income-focused portfolios.
Low-risk investorStrong fitAs a regulated utility with essential services, Exelon offers lower beta and relative stability compared to broader market equities.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowThe stock is generally less volatile than the broader market, suitable for defensive investors.
Valuation riskMediumUtility valuations are sensitive to shifts in the interest rate environment.
Competition risk (Regulatory environment)Medium / highThe company's profitability is highly dependent on favorable outcomes in regulatory rate cases.
Business qualityStrongExelon owns essential utility infrastructure with durable, regulated revenue streams.
Dividend incomeStrongThe company has a consistent history of supporting and growing its dividend payment.
Execution riskMediumLarge-scale grid modernization projects require disciplined management to remain on budget.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 7.82%
Avg. Invested days 49
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/15/2026

Upturn Scorecard

Upturn Star Rating

EXC receives a 3-star rating, supported by solid quantitative characteristics, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

EXC has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+12.5%) and solid profitability (net margin 11.4%) are partially offset by soft cash generation (FCF margin -9.4%), moderate revenue growth (+5.3%), very low insider ownership of 0.07%.

Financial Health Rating

EXC's financial health is supported by solid cash strength, including free-cash-flow generation of $-2.3B (-9.4% of revenue). Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Earnings growth is EXC's strongest growth driver at +12.5% FY2025 versus FY2024 (solid, 4 stars). By comparison, while free-cash-flow growth (-48.9%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 95.5% and approximately 100.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.07%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 10.94%
State Street Corp 6.56%
Vanguard Capital Management, LLC 6.41%
Vanguard Portfolio Management, LLC 5.31%
Capital World Investors 4.98%

Unit Economics (Per $1K Revenue)

EXC generates approximately $279 of gross profit, $212 of operating income, and $-94 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 15.89%

Quantitative Style Profile

EXC has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 44.01B USD
Price to earnings Ratio 15.71
1Y Target Price 48.88
Price to earnings Ratio 15.71
1Y Target Price 48.88
Volume (30-day avg) 6.8M shares
Beta 0.39
52 Weeks Range 41.07 - 49.70
Updated Date 09/15/2026
52 Weeks Range 41.07 - 49.70
Updated Date 09/15/2026
Dividends yield (FY) 3.80%
Basic EPS (TTM) 2.72

How Company Makes Money

Business areaWhat it includesRetail investor read
Regulated Electric UtilityRevenue from the transmission and distribution of electricity to residential, commercial, and industrial customers.This is the core business that generates steady, regulated monthly income from utility bills.
Regulated Gas DistributionRevenue from delivering natural gas to customers in specific service territories.A secondary, stable revenue stream that complements electricity distribution.
Geography (U.S. Northeast & Midwest)Operations in IL, PA, MD, NJ, DE, and DC.The company's concentration in major population centers ensures consistent customer demand.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 15.71
Forward PE 14.01
Enterprise Value 94.87B
Price to Sales(TTM) 1.74
Enterprise Value 94.87B
Price to Sales(TTM) 1.74
Enterprise Value to Revenue 3.75
Enterprise Value to EBITDA 10.16
Shares Outstanding 1.03B
Shares Floating 1.03B
Shares Outstanding 1.03B
Shares Floating 1.03B
Percent Insiders 0.07
Percent Institutions 95.51

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Exelon Corporation

Exchange NASDAQ
Headquarters Chicago, IL, United States
IPO Launch date 1980-01-02
CEO, President & Director Mr. Calvin G. Butler Jr.
Sector Utilities
Industry Utilities - Regulated Electric
Full time employees 20571
Full time employees 20571

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.