|Bid||47.58 x 3200|
|Ask||48.50 x 1100|
|Day's Range||47.53 - 48.72|
|52 Week Range||40.97 - 51.18|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||19.81|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||1.45 (2.97%)|
|1y Target Est||53.44|
More than 4,000 ComEd customers are now receiving compensation for the excess energy they generate using renewable energy sources – primarily rooftop solar panels – up from 900 customers two years ago as the transition to a cleaner future in Illinois gains momentum. “We’ve always known there is pent-up demand for solar energy among our customers, but the interest so far this year is exceeding our expectations,” said Scott Vogt, vice president, strategy and energy policy, ComEd. “We have received more than 5,200 net metering applications this year and we could double that by year-end.
To support habitats and other open-space projects throughout northern Illinois, ComEd and Openlands today announced grants to 26 public agencies through the annual ComEd Green Region Program. “Together with our partners at Openlands, we are proud to support organizations that are making meaningful differences to restore and enhance natural habitats and biodiversity,” said Melissa Washington, vice president of governmental and external affairs at ComEd. Since the inception of the Green Region Program in 2013, ComEd has awarded more than $1.3 million to municipalities across northern Illinois to help fund their open-space projects.
A new survey funded by the Exelon Foundation found that even though nearly four out of five high school girls believe action must be taken to address climate change, the majority don’t feel equipped to take on this critical issue themselves. Recognizing the need to empower girls to pursue career paths that address climate change issues, the Exelon Foundation and United Nations Women HeForShe are hosting their second annual STEM Innovation Leadership Academy.
(Bloomberg) -- Two U.S. Navy warships will soon be protected from dangerous mines with the same technology that will be used to keep Chicago’s power grid humming along.American Superconductor Corp., known largely for its wind-turbine systems, also sells wires able to carry much more electricity than standard copper wires now generally in use. The company has deals in place to deploy the technology in both the ships and the grid, starting in 2021, Chief Executive Officer Daniel McGahn said in an interview in New York.The superconducting wires will be used in a resiliency project by utility Exelon Corp. to jump added capacity among substations should one go down. The Navy will use the wires to help change the magnetic profiles of their two ships, potentially cloaking them from metal-seeking mines.The company is hoping the ship-protection technology will lead to future deals to install additional systems to manage ships’ electrical systems, a strategy McGahn said would make the vessels comparable to utilities’ power grids.“The ship is a microcosm of the grid,” McGahn said at Bloomberg News headquarters. “It’s a great test-bed for our technology.”The anti-mine technology, a technique called degaussing, dates back to World War II. The company’s version is as much as 90% lighter than the systems currently in use, and needs about about half the electricity to work. The systems cost about $10 million a ship and are being installed in San Antonio-class vessels designed for transporting troops and equipment into war zones.Modern mines have a variety of ways to detect ships, and changing the magnetic field won’t counter all of them, said Bryan Clark, a senior fellow at the Center for Strategic & Budgetary Assessments, a Washington-based research institute.However, the new technology is going into vessels that cost more than $2 billion each, and its relatively cheap price tag makes it a “good investment” for the Navy, he said.McGahn has been expanding AMSC’s offerings for utility grids and and ships, and eventually expects them to each generate about one-third of sales. “We think 2021 is going to be a very big year for us,” McGahn said.To contact the reporters on this story: Will Wade in New York at email@example.com;Christopher Martin in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Reg Gale, David MarinoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Do you think Maryland should consider new ways for setting utility rates? Utility companies want to do just that.
Exelon Corp NYSE:EXCView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for EXC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EXC. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.99 billion over the last one-month into ETFs that hold EXC are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. EXC credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
We look at the nuclear power sector and how U.S. investors can get access to this often profitable, but still controversial, sector of the energy market.
Does the July share price for Exelon Corporation (NYSE:EXC) reflect what it's really worth? Today, we will estimate...
CEO, BGE of Exelon Corp (NYSE:EXC) Calvin Jr Butler sold 31,000 shares of EXC on 06/28/2019 at an average price of $47.59 a share.
Utility companies enjoy a reputation for safety, given the regulated nature of businesses, which lend their revenues a high level of certainty.
(Bloomberg) -- The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter.Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5% of the radioactive fuel from U.S. mines, said the people, who requested anonymity to discuss non-public deliberations. Two of the people said an option under consideration would see the quota escalate by 5 percentage points a year.A decision to impose the quotas would be a boon to the two small mining companies that petitioned the Commerce Department to take action, Energy Fuels Inc. and Ur-Energy Inc. The move would increase costs for nuclear reactor operators that are already struggling in the face of competition from cheaper sources of power generated by natural gas and renewables. Domestic nuclear providers rose on the news, with Uranium Energy Corp. up as much as 3.9%, Energy Fuels rising as much as 3.5% and Ur-Energy paring earlier losses to rise less than 1%.The Commerce Department concluded in April that the imports harmed national security, delivering a confidential report on the matter to the White House at the time, the people said.The White House didn’t immediately respond to a request for comment. A spokeswoman for the Commerce Department declined to comment on the contents of the uranium report and said it is at the White House. Confidential MeetingThe recommendations have yet to be presented to President Donald Trump, and a meeting on the matter between him and advisers on the issue that had been scheduled for Thursday was delayed, two people said.The matter is far from final, but one person said it is certain that the White House appears poised to take action. Other options being considered include doing nothing or putting limits on uranium from specific countries, one of the people said.Canadian Prime Minister Justin Trudeau, who met with Trump on Thursday, was expected to make the case against import quotas on uranium, which his country produces.The Trump administration was asked by the two domestic uranium producers to impose a 25% domestic market quota on the grounds imports of uranium are a threat to national security. Wide Latitude A finding that the imports of uranium are harming U.S. national security gives Trump wide latitude to impose a trade remedy of his choosing -- or do nothing at all -- using the same trade law the administration has successfully used to slap tariffs on steel and aluminum imports.While the domestic uranium producers, both of which are based in Colorado, initially asked the administration for a 25% quota, a lower amount could be a compromise that he utilities and the producers could live with, analysts have said.Nuclear utilities, which have estimated a 25% quota could cost them as much as $800 million annually, remain hopeful Trump will decide against any trade action.“President Trump is a longstanding champion for the U.S. nuclear industry, rightly recognizing the enormous economic and energy benefits that U.S. nuclear power delivers to American consumers,” said the Ad Hoc Utilities Group, which counts Exelon Corp., Duke Energy Corp., and Dominion Energy Inc. as members. “The U.S. nuclear industry supports 100,000 jobs while the two petitioners support a total of 150 jobs.” Australia, RussiaCurrently, the nuclear power industry gets nearly all of its uranium from sources such as Australia, Canada, Kazakhstan, and Russia.The U.S. uranium industry produced roughly 700,000 pounds in 2018, according to Chris Gadomski, a nuclear industry analyst at Bloomberg New Energy Finance. A 5% quota would translate to between 2 million and 2.5 million pounds, he said.The two miners who petitioned for the case have already begun expanding their mines in anticipation of a favorable decision.Executives from both companies said in a statement they were pleased “the administration continues to recognize the unique national, energy and economic security role of domestic uranium production.”“We continue to believe that reserving 25% of domestic demand for U.S. uranium is the most effective tool for sustaining domestic production of this critical mineral,” they said. (Updates with statement from uranium miners in last paragraph.)\--With assistance from Josh Wingrove and Will Wade.To contact the reporters on this story: Ari Natter in Washington at email@example.com;Jenny Leonard in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, ;Margaret Collins at firstname.lastname@example.org, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The utilities sector eased slightly Thursday, to buck a broader stock market rally, as a sharp drop in longer-term Treasury yields was balanced with a rally in AES Corp.'s stock after an analyst upgrade. The Dow Jones Utility Average inched less than 0.1% lower, although 8 of 15 components traded up, while the Dow Jones Industrial Average jumped 222 points, or 0.8%. AES shares jumped 1.8% after Bank of America Merrill Lynch analyst Julien Dumoulin-Smith raised his rating to neutral from underperform, and raised his price target to $16.50 from $16. "We perceive upside to renewable development opportunities and expect [liquid natural gas]/logistics opportunities in Vietnam and the Atlantic Basin to drive future growth," Dumoulin-Smith wrote in a note to clients. Among other more-active utility stocks, Southern Co. edged up 0.1%, Exelon Corp. was little changed and Dominion Energy Inc. gained 0.1%. The yield on the 10-year Treasury note fell 3.1 basis points to 1.998%, the first move below the 2% mark since November 2016, amid increasing speculation that the Federal Reserve will cut interest rates. Utilities stocks usually rise when Treasury yields fall, and Treasury prices gain, as the sector's relative high yield makes then more attractive. The Dow utilities implied dividend yield is 2.94%, compared with the implied yield for the Dow Jones Industrial Average of 2.03%.
An analyst at Height Capital Markets in Washington said on Wednesday that discussion on the market-based Regional Greenhouse Gas Initiative (RGGI) was likely related to a nuclear bailout deal, that would provide subsidies to prevent reactors from retiring. The governor's office, however, said Wolf did not talk to lawmakers about a nuclear bailout on Tuesday and that the AP story came from state fiscal year-end budget negotiations, which Wolf was not commenting on. Height Capital Markets said momentum to join RGGI is gaining in Pennsylvania but noted it was unclear at this point whether the Republican-majority legislature would be willing to authorize joining RGGI in exchange for nuclear subsidies.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
Expected higher energy pricing in most regions in coming years led Goldman Sachs to boost target prices on Exelon Corporation (NYSE: EXC ) and Public Service Enterprise Group Inc . (NYSE: PEG ) — while ...
In a first of its kind public and private sector innovation project for Chicago, the Dearborn Homes public housing development that serves more than 600 families in Chicago’s Bronzeville neighborhood, is producing clean, renewable energy from the sun with private solar panels primarily on its rooftops. This solar installation completed this month supports ComEd’s Bronzeville Community microgrid, a small power grid that can generate its own power to keep electricity flowing to customers and support critical public services when there’s an interruption on the main grid.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exelon (EXC) have what it takes? Let's find out.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Wendys Co (NASDAQ: WEN ) is one of his absolute favorites. Cramer is a buyer of Zoetis Inc (NYSE: ZTS ). He added that the stock hit another ...