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EXC

Exelon Corporation

NASDAQ: EXC · UTILITIES · UTILITIES - REGULATED ELECTRIC

$47.02
-0.04% today

Updated 2026-04-29

Market cap
$48.11B
P/E ratio
17.22
P/S ratio
1.98x
EPS (TTM)
$2.73
Dividend yield
3.40%
52W range
$41 – $51
Volume
8.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Exelon Corporation (EXC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$47.02
Consensus
$51.86
+10.29%
2030 Target
$340.38
+623.90%
DCF
$41.97
-5.91% MoS
14 analysts:
7 Buy6 Hold1 Sell

Management guidance

Exelon initiated 2026 financial outlook with EPS guidance of $2.81-$2.91 (midpoint $2.86). Company planning $41.3B capital expenditures through 2028, with focus on transmission infrastructure growth driven by AI data center demand in Illinois (projected 26% CAGR in northern Illinois data center load). Management expects 5-7% EPS growth through 2029 supported by rate increases and transmission investments.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$567.29
$29.1B Rev × 20x P/S
Base case (2030)
$340.38
$29.1B Rev × 12x P/S
Bear case (2030)
$226.92
$29.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$21.7B$23.0B$24.3B$25.4B$26.3B$27.2B$28.1B$29.1B
Revenue growth—6.0%5.3%4.7%3.5%3.4%3.5%3.4%
EPS$2.38$2.50$2.76$2.88$3.08$3.31$3.57$3.84
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$295.98$310.78$320.65$330.51$340.38

Catalysts & risks

Growth catalysts
+ AI data center load growth in Illinois at 26% CAGR driving transmission revenue expansion
+ Electric rate increases across regulated utilities (PECO $429M rate hike, ComEd rate cases)
+ $41.3B capital expenditure plan through 2028 enabling regulated utility revenue growth
+ Nuclear fleet stability and clean energy demand supporting premium valuations
+ Dividend growth at 5.83% historical 3Y CAGR signals management confidence in cash flows
Key risks
- Regulatory risk on rate recovery and transmission cost pass-through in Illinois/Pennsylvania
- Long-term structural revenue decline evident in negative 5Y revenue CAGR of -6.0% (spinoff of Constellation Energy in 2022 created discontinuity)
- Elevated leverage with debt-to-equity of 1.76x limits financial flexibility for growth investments
- Interest rate sensitivity on $50.55B debt load impacts cost of capital for capex program
- Transmission congestion and PJM cost concerns may slow data center interconnections

Methodology

Exelon Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.