Exelon (NASDAQ:EXC) Stock

Exelon

Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.

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A hotter-than-expected inflation report initially rattled markets on Wednesday morning, but investors found confidence to buy the dip, helping major indexes recover most losses by midday trading in New York.

Stocks Trim Losses After Hot Inflation, Bonds Remain Pressured, Tesla Rebounds: What&#39;s Driving Markets Wednesday?

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Pre-Market Outlook

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Top 3 Utilities Stocks That May Collapse In Q1

Earnings

Long Ideas

Exelon Corp (NASDAQ: EXC) will report Q4 earnings on Wednesday. Analysts expect lower earnings and revenue. Evercore upgraded the stock and dividend yield is 3.64%.

How To Earn $500 A Month From Exelon Stock Ahead Of Q4 Earnings

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Exelon's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NYSE">EXC</a>) short percent of float has fallen 16.88% since its last report. The company recently reported that it has 19.24 million shares sold short, which is 1.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Exelon Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739883629_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Exelon has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Exelon's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Exelon's peer group average for short interest as a percentage of float is 2.20%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Exelon's Recent Short Interest

Scotiabank analyst Andrew Weisel maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Sector Perform and raises the price target from $42 to $44.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Exelon, Raises Price Target to $44

A hotter-than-expected inflation report initially rattled markets on Wednesday morning, but investors found confidence to buy the dip, helping major indexes recover most losses by <a href="https://www.benzinga.com/government/regulations/25/02/43656846/inflation-rises-more-than-expected-in-january-chills-interest-rate-cut-hopes">midday trading in New York.</a>
The S&amp;P 500 was down 0.2%, while the Nasdaq 100 was flat, both rebounding from sharp declines following the January Consumer Price Index report. Small-cap stocks underperformed, with the Russell 2000 slipping 0.8%.
The headline CPI rose 3% year over year in January, surpassing both December's 2.9% reading and economist forecasts of 2.9%. On a monthly basis, inflation increased 0.5%, outpacing expectations of 0.3% and accelerating from December's 0.4% gain. This marked the fastest monthly inflation rate since August 2023.
Core inflation, which excludes food and energy, climbed to 3.3% year over year from 3.2% in December. On a monthly basis, core CPI increased 0.4%, exceeding estimates of 0.3% and doubling December's 0.2% rise.
Treasuries and interest rate markets reacted sharply to the inflation data. Traders scaled back expectations for Federal Reserve rate cuts, now projecting only one reduction by December 2025.
Treasury yields surged, reflecting heightened investor uncertainty. The 10-year Treasury yield jumped 10 basis points to 4.64%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 1%.
Despite rising Treasury yields and a stronger dollar, gold edged up 0.2% to $2,910 per ounce. Oil prices dropped 2% after reports that Donald Trump spoke with Russian President Vladimir Putin, fueling speculation about a potential ceasefire in Ukraine.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also rebounded from earlier session losses.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,688.40</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,056.85</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,411.00</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,257.59</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;inched 0.2% down to $603.77.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was 0.4% down to $444.41.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;flattened at $528.09.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.8% to $224.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 0.4%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.2%.</li>
</ul>
Wednesday&#8217;s Stock Movers
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped more than 4% after the electric vehicle maker tumbled 6.3% on Tuesday, reaching oversold levels and extending its losing streak to five consecutive sessions.</li>
</ul>
Stocks reacting to company earnings reports included: 
<ul>
<li>CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>): up 15.7%</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>): up 4.5%</li>
<li>Edwards Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>): up 5.6%</li>
<li>América Móvil, S.A.B. de C.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>): down 1.4%</li>
<li>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>): up 0.2%</li>
<li>Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>): up 0.3%</li>
<li>Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>): up 2.9%</li>
<li>Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>): up 6.8%</li>
<li>Zillow Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>): down 10.2%</li>
<li>CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>): up 2.2%</li>
<li>Chimera Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIM#NYSE">CIM</a>): down 8.9%</li>
<li>Ryder System Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>): up 4.0%</li>
<li>Smurfit WestRock Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SW#NYSE">SW</a>): down 5.8%</li>
<li>Sonic Automotive Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>): down 2.4%</li>
<li>Alkermes Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>): up 4.1%</li>
<li>Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>): up 1.0%</li>
<li>Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>): down 4.6%</li>
<li>Blackstone Mortgage Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>): up 2.8%</li>
<li>Camtek Ltd/Israel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMT#NASDAQ">CAMT</a>): up 1.5%</li>
<li>Chefs' Warehouse Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHEF#NASDAQ">CHEF</a>): up 13.0%</li>
<li>Diebold Nixdorf Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBD#NYSE">DBD</a>): down 3.2%</li>
<li>Dominion Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>): up 0.6%</li>
<li>Exelon Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>): up 0.4%</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43663963/record-high-egg-prices-drive-inflation-higher-in-january">Record-High Egg Prices Drive Inflation Higher In January</a></li>
</ul>
Illustration created using artificial intelligence via Midjourney.

Stocks Trim Losses After Hot Inflation, Bonds Remain Pressured, Tesla Rebounds: What's Driving Markets Wednesday?

As of Feb. 12, 2025, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Ameren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEE#NYSE">AEE</a>)</h3>
<ul>
<li>On Feb. 7, Ameren increased its quarterly cash dividend from 67 cents to 71 cents per share. The company's stock gained around 11% over the past month and has a <a href="https://www.benzinga.com/quote/AEE">52-week high of $98.25</a>.</li>
<li>RSI Value: 75.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>AEE Price Action: Shares of Ameren gained 1% to close at $98.18 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Exelon Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>)</h3>
<ul>
<li>On Feb. 12, Exelon posted better-than-expected quarterly earnings. &#8220;I am pleased to announce Exelon has delivered against our financial goals for the third straight year since becoming a transmission and delivery-only company, and we delivered top quartile performance across all our local energy companies, with ComEd and Pepco Holdings in the top decile,&#8221; said Exelon President and Chief Executive Officer Calvin Butler. The company's stock gained around 13% over the past month and <a href="https://www.benzinga.com/quote/EXC">has a 52-week high</a> of $42.46.</li>
<li>RSI Value: 76.8</li>
<li>EXC Price Action: Shares of Exelon gained 1.3% to close at $42.36 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>)</h3>
<ul>
<li>On Feb. 3, BMO Capital analyst James Thalacker maintained Duke Energy with an Outperform and raised the price target from $119 to $124.. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/DUK">52-week high</a> of $121.25.</li>
<li>RSI Value: 71.6</li>
<li>DUK Price Action: Shares of Duke Energy gained 0.9% to close at $116.69 on Tuesday. </li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43623929/wall-streets-most-accurate-analysts-spotlight-on-3-utilities-stocks-delivering-high-dividend-yields-6">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields</a></li>
</ul>

Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) is looking for FY2025 Adj EPS of $2.64-$2.74 vs $2.63 analyst estimate..

Guidance

Exelon Sees FY2025 Adj EPS $2.64-$2.74 vs $2.63 Est

Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.59 by 8.47 percent. This is a 6.67 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $5.47 billion which beat the analyst consensus estimate of $4.74 billion by 15.37 percent. This is a 1.92 percent increase over sales of $5.37 billion the same period last year.

Earnings Beats

Exelon Q4 Adj EPS $0.64 Beats $0.59 Estimate, Sales $5.47B Beat $4.74B Estimate

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Earnings Scheduled For February 12, 2025

Exelon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/EXC/earnings">opening bell on Wednesday.</a>
Analysts expect the Chicago-based company to report quarterly earnings at 59 cents per share, down from 60 cents per share in the year-ago period. Exelon projects quarterly revenue of $4.74 billion, compared to $5.37 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 21, Evercore ISI Group analyst Durgesh Chopra upgraded Exelon from In-Line to Outperform and raised the price target from $43 to $44.
With the recent buzz around Exelon, some investors may be eyeing potential gains from the company's dividends too. As of now, Exelon offers an annual dividend yield of 3.64%, which is a quarterly dividend amount of 38 cents per share ($1.52 a year).
To figure out how to earn $500 monthly from Exelon, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Exelon's $1.52 dividend: $6,000 / $1.52 = 3,947 shares.
So, an investor would need to own approximately $164,985 worth of Exelon, or 21,429 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.52 = 789 shares, or $32,980 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
EXC Price Action: Shares of Exelon gained by 1.2% to close at $41.80 on Monday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Read More: 
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<li><a href="https://www.benzinga.com/25/02/43593480/wall-streets-most-accurate-analysts-give-their-take-on-3-real-estate-stocks-with-over-6-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 6% Dividend Yields</a></li>
</ul>
Photo: Shutterstock

As of Jan. 28, 2025, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Southern Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>)</h3>
<ul>
<li>Southern Company will release its earnings for the fourth quarter of 2024 on Thursday, Feb. 20. The company's stock surged around 5% over the past month and has a <a href="https://www.benzinga.com/quote/SO">52-week high of $94.45</a>.</li>
<li>RSI Value: 70.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SO Price Action: Shares of Southern gained 3.6% to close at $86.50 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Exelon Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>)</h3>
<ul>
<li>On Jan. 21, Evercore ISI Group analyst Durgesh Chopra upgraded Exelon from In-Line to Outperform and raised the price target from $43 to $44.. The company's stock gained around 8% over the past month and <a href="https://www.benzinga.com/quote/EXC">has a 52-week high</a> of $41.18.</li>
<li>RSI Value: 73.6</li>
<li>EXC Price Action: Shares of Exelon gained 3.4% to close at $40.70 on Monday.</li>
</ul>
<h3 class="wp-block-heading">American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>)</h3>
<ul>
<li>On Jan. 9, the company announced that a 50/50 strategic partnership between KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and PSP Investments has agreed to acquire 19.9% non-controlling equity interest in its Ohio and Indiana &amp; Michigan Transmission Companies (Transcos) for $2.82 billion.. The company's stock gained around 11% over the past month and has a <a href="https://www.benzinga.com/quote/AEP">52-week high</a> of $105.17.</li>
<li>RSI Value: 84.5</li>
<li>AEP Price Action: Shares of American Electric Power gained 4.5% to close at $102.63 on Monday.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/43230206/jim-cramer-is-worried-about-this-consumer-cyclical-stock-7-yield-something-may-be-wrong-here">Jim Cramer Is Worried About This Consumer Cyclical Stock: 7% Yield? &#8216;Something May Be Wrong Here&#8217;</a></li>
</ul>

Top 3 Utilities Stocks You May Want To Dump In January

Barclays analyst Nicholas Campanella maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Overweight and lowers the price target from $44 to $42.

Barclays Maintains Overweight on Exelon, Lowers Price Target to $42

WIIM

Exelon shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $43 to $44.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley raised the price target for Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) from $41 to $63. Morgan Stanley analyst Alex Straton upgraded the stock from Equal-Weight to Overweight. Urban Outfitters shares closed at $55.01 on Friday. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<ul>
<li>Keefe, Bruyette &amp; Woods increased Truist Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) price target from $55 to $57. Keefe, Bruyette &amp; Woods analyst David Konrad maintained an Outperform rating. Truist Financial shares closed at $47.65 on Friday. See how other analysts view this stock.</li>
<li>Morgan Stanley raised the price target for Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) from $385 to $389. Morgan Stanley analyst John Glass upgraded the stock from Equal-Weight to Overweight. Wingstop shares closed at $272.92 on Friday. <a href="https://www.benzinga.com/quote/WING/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group increased the price target for Exelon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) from $43 to $44. Evercore ISI Group analyst Durgesh Chopra upgraded the stock from In-Line to Outperform. Exelon shares closed at $39.42 on Friday. See how other analysts view this stock.</li>
<li>Jefferies cut Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) price target from $75 to $62. Jefferies analyst Rob Dickerson downgraded the stock from Buy to Hold. Mondelez shares settled at $57.86 on Friday. <a href="https://www.benzinga.com/quote/MDLZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) price target from $96 to $100. Barclays analyst Benjamin Theurer downgraded the stock from Overweight to Equal-Weight. CF Industries shares closed at $97.01 on Friday. <a href="https://www.benzinga.com/quote/CF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup increased RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) price target from $132 to $153. Citigroup analyst Jason Gursky upgraded the stock from Neutral to Buy. RTX shares closed at $121.11 on Friday.  <a href="https://www.benzinga.com/quote/RTX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised the price target for Palo Alto Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NYSE">PANW</a>) from $223 to $230. Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating. Palo Alto shares settled at $177.11 on Friday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo raised Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) price target from $40 to $48. Wells Fargo analyst Jared Shaw upgraded the stock from Underweight to Equal-Weight. Bank OZK shares closed at $49.74 on Friday. <a href="https://www.benzinga.com/quote/OZK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo cut Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) price target from $16 to $13. Wells Fargo analyst Michael Berg downgraded the stock from Equal-Weight to Underweight. Freshworks shares closed at $17.44 on Friday. <a href="https://www.benzinga.com/quote/FRSH/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Palo Alto Networks To Rally Around 30%? Here Are 10 Top Analyst Forecasts For Tuesday

Evercore ISI Group analyst Durgesh Chopra upgrades Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) from In-Line to Outperform and raises the price target from $43 to $44.

Upgrades

Evercore ISI Group Upgrades Exelon to Outperform, Raises Price Target to $44

Scotiabank analyst Andrew Weisel maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Sector Perform and raises the price target from $40 to $42.

Scotiabank Maintains Sector Perform on Exelon, Raises Price Target to $42

Morgan Stanley analyst David Arcaro maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Equal-Weight and lowers the price target from $46 to $44.

Morgan Stanley Maintains Equal-Weight on Exelon, Lowers Price Target to $44

"Exelon delivered another quarter of strong financial performance, with third quarter adjusted operating earnings of $0.71 per share, and we remain on track to meet our full year earnings guidance of $2.40 to $2.50 per share," said Exelon Chief Financial Officer Jeanne Jones.

Exelon Reaffirms Its 2024 Outlook; Sees Adj. EPS Of $2.40-$2.50 Vs $2.45 Estimate

Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.67 by 5.97 percent. This is a 5.97 percent increase over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $6.154 billion which beat the analyst consensus estimate of $5.854 billion by 5.12 percent. This is a 2.91 percent increase over sales of $5.980 billion the same period last year.

Exelon Q3 2024 Adj. EPS $0.71 Beats $0.67 Estimate, Sales $6.154B Beat $5.854B Estimate

Barclays analyst Nicholas Campanella maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Overweight and raises the price target from $41 to $44.

Barclays Maintains Overweight on Exelon, Raises Price Target to $44

Morgan Stanley analyst David Arcaro maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Equal-Weight and raises the price target from $42 to $45.

Morgan Stanley Maintains Equal-Weight on Exelon, Raises Price Target to $45

Recent developments suggest that Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) may be <a href="https://www.benzinga.com/markets/equities/24/07/39568237/tech-giants-eye-nuclear-power-to-fuel-ai-boom-raising-concerns-over-stability-and-environmental-" target="_blank" rel="noreferrer noopener">ramping up its interest in nuclear energy</a> to fuel its growing needs.
The tech giant has reposted a job <a target="_blank" href="https://www.linkedin.com/jobs/view/principal-nuclear-engineer-datacenter-engineering-power-generation-solutions-at-amazon-web-services-aws-4007936223" rel="noreferrer noopener">opening</a> for a Principal Nuclear Engineer in its Data Center Engineering division, raising questions about its long-term energy strategy.
Nano Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), an emerging microreactor technology company, cited the opening in a social media <a href="https://x.com/nano_nuclear/status/1827024271731802146" target="_blank" rel="noreferrer noopener">post</a> on X, formerly Twitter.
Why This Is Important: The opening by Amazon comes shortly after Talen Energy agreed to sell a 960-megawatt data center campus to Amazon Web Services (AWS) for $650 million earlier this year, which includes a decade-long electricity supply agreement from the Susquehanna nuclear power station.
This particularly highlights Amazon&#8217;s commitment to clean, carbon-free energy sources.
An Amazon spokesperson <a href="https://www.ans.org/news/article-5842/amazon-buys-nuclearpowered-data-center-from-talen/" target="_blank" rel="noreferrer noopener">told the</a> American Nuclear Society, &#8220;To supplement our wind and solar energy projects, which depend on weather conditions to generate energy, we&#8217;re also exploring new innovations and technologies and investing in other sources of clean, carbon-free energy. This agreement with Talen Energy for carbon-free energy is one project in that effort.&#8221;
Also Read: <a href="https://www.benzinga.com/government/24/03/37627399/amazons-shot-at-nuclear-power-play-will-the-tech-giants-latest-move-redefine-green-energy-for-data-c" target="_blank" rel="noreferrer noopener">Amazon&#8217;s Shot At Nuclear Power Play &#8211; Will The Tech Giant&#8217;s Latest Move Redefine Green Energy for Data Centers?</a>
In a report <a href="https://www.aboutamazon.com/news/sustainability/amazon-renewable-energy-updates" target="_blank" rel="noreferrer noopener">released</a> on July 10, Amazon announced that it has achieved its goal of sourcing 100% of the electricity used across its global operations — including data centers, corporate offices, grocery stores, and fulfillment centers — from renewable energy, a target initially set for 2030. The company plans to continue investing in solar and wind projects while exploring nuclear power and battery storage to sustain its energy needs.
Why The Nuclear-Energy Interest May Be Controversial
Amazon&#8217;s nuclear ambitions are not without controversy.
Following the agreement with Talen Energy, utility companies American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) and Exelon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) formally objected to the Federal Energy Regulatory Commission (FERC), claiming that the electricity arrangement allows Amazon to benefit from the power grid without contributing to its maintenance costs, a <a href="https://www.ans.org/news/article-6180/aep-exelon-ask-ferc-to-scrutinize-amazontalen-data-center-deal/">report </a>by the American Nuclear Society suggests.
They argue this could lead to increased expenses for other PJM ratepayers, as the data center&#8217;s power usage is indirectly linked to the grid&#8217;s resources. PJM ratepayers are&nbsp;customers of the Pennsylvania-New Jersey-Maryland Interconnection (PJM).&nbsp;
That&#8217;s not all!
A March <a href="https://heatmap.news/technology/amazon-nuclear-talen-energy">report</a> by Heat Map suggests that a divide has emerged among tech giants regarding energy strategies, with Amazon focusing on securing low-cost power without prioritizing new carbon-free sources, while Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) aim for comprehensive carbon-free energy solutions.
Microsoft and Google have shown increased interest in nuclear power to ensure a stable electricity supply, reflecting a broader commitment to sustainable energy practices.
As Amazon moves forward with its nuclear initiatives, the intersection of innovation and regulatory scrutiny will play a crucial role in shaping its energy strategy.
The company&#8217;s hiring of nuclear engineers underscores its serious intentions in this space, but the implications of these decisions could significantly affect its relationships within the energy sector.
Will Amazon&#8217;s foray into nuclear power pave the way for a more sustainable future, or complicate its standing in an already complex energy landscape?
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, AMZN stock has gained over 48% in the past year. Investors can gain exposure to the stock via ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) and&nbsp;Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>).
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Amazon Going Nuclear? Hiring Plans Indicate Company May Be Eyeing Nuclear To Meet Energy Needs

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