Exelon Stock Price, News & Analysis

ComEd is hosting a free webinar, Navigating the Journey to EVs, on Dec. 1, 2022, at 6 p.m. to assist consumers in transitioning to electric vehicles (EVs). The event provides essential insights on EV benefits, installation of charging stations, and available rebates up to $4,000 through the state's EV Rebate program. Erica Borggren from ComEd emphasizes the health, environmental, and economic benefits of EVs, which can save drivers over $2,000 annually on fuel. Interested attendees can register for the webinar at NavigatingtheJourneytoEVs.eventbrite.com.

ComEd has awarded scholarships to four local students pursuing STEM degrees at Illinois Institute of Technology and University of Illinois Chicago as part of its 2022 ComEd Scholars program. This initiative aims to bridge the funding gap for students and foster diversity in the STEM workforce. Recipients also benefit from mentorship and internship opportunities at ComEd and its parent company, Exelon. Since its launch in 2019, the program has supported 26 students, highlighting ComEd's commitment to educational equity and workforce development.

Constellation Energy Corporation (Nasdaq: CEG) reported a third-quarter 2022 GAAP net loss of $188 million, a significant decline from a net income of $607 million in the same period last year. Adjusted EBITDA (non-GAAP) decreased to $592 million from $967 million in Q3 2021. The company has narrowed its full-year adjusted EBITDA guidance to $2.45 billion - $2.65 billion. Notably, S&P upgraded its issuer credit rating to BBB, reflecting improved business risk due to supportive policies from the recently signed Inflation Reduction Act. The company is pursuing license renewals for its nuclear plants.

ComEd has launched a new electrical substation in Franklin Park, Illinois, in partnership with Digital Realty, the world's largest provider of data center solutions. This substation, located on Digital Realty's campus, enhances power capacity crucial for supporting the booming data center industry in northern Illinois, which has seen over $2 billion in local investments from 16 new data center projects in the past two years. This infrastructure improvement aims to deliver reliable, clean energy to 9 million people, thus fostering greater investment opportunities.

ComEd announced its intent to file a comprehensive multi-year grid plan and a four-year rate plan with the Illinois Commerce Commission in January 2023. This initiative aligns with the Climate and Equitable Jobs Act's goals for clean energy and job creation. CEO Gil Quiniones emphasized that a resilient grid is essential for decarbonization and local environmental improvement. Notably, ComEd achieved record reliability in 2022, with rates significantly lower than national averages, enhancing service for over 4 million customers in Illinois.

Exelon Corporation (Nasdaq: EXC) reported a strong third quarter of 2022, with GAAP Net Income at $0.68 per share and Adjusted Operating Earnings at $0.75 per share. This marks an increase from $0.47 and $0.53 respectively in Q3 2021. The company narrowed its full-year EPS guidance to $2.21-$2.29 per share and aims for 6-8% growth from 2021-2025. Key operational achievements include top quartile reliability performance at ComEd. Recent rate case settlements in Delaware and Pennsylvania are expected to enhance revenue streams.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on December 9, 2022, to shareholders recorded by 5 p.m. Eastern time on November 15, 2022. Constellation is recognized as the largest producer of clean, carbon-free energy in the U.S., supplying energy to millions, including three-fourths of Fortune 100 companies. The company aims to achieve 100% carbon-free power generation by 2040.