Latest news with #ExelonCorp
Yahoo
27-03-2025
- Business
- Yahoo
Why Exelon Corp. (EXC) Is Skyrocketing?
We recently published a list of . In this article, we are going to take a look at where Exelon Corp. (NASDAQ:EXC) stands against other stocks that outperform broader market on Wednesday. The stock market finished in the red territory on Wednesday as investors sold off positions to mitigate risks from a fresh round of tariffs due in the next few days. The tech-heavy Nasdaq fell the hardest, down 2.04 percent, followed by the S&P 500, down 1.12 percent. The Dow Jones declined by 0.31 percent. According to President Donald Trump, all cars made outside of the US would be slapped with a 25-percent tariff beginning April 2. Meanwhile, let us take a look at the 10 companies across mixed sectors that defied a broader market downturn, having registered modest to strong gains during the trading session. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. A vast array of wind turbines on a hillside, showcasing the company's takeover of renewable energy. Exelon grew its share prices by 2.95 percent on Wednesday to finish at $44.02 each as investor sentiment was buoyed by a new rating upgrade from an investment firm. On Wednesday, Argus Research gave EXC a $48 price target, a 9-percent upside from its last closing price. Earlier this month, EXC also earned a bullish outlook from UBS and Morgan Stanley, having received price targets of $47 and $48, respectively. UBS, however, gave a neutral rating on the company's stock, while Morgan Stanley assigned an equal weight rating. In recent news, EXC strengthened its cybersecurity oversight with the addition of David DeWalt to its Board of Directors. Prior to joining EXC, DeWalt founded and served as CEO for cybersecurity and venture capital company NightDragon, and also led companies such as FireEye and McAfee. He also served on the National Security Telecommunications Advisory Committee for four administrations and presently, a board member of Delta Airlines. Overall, EXC ranks 8th on our list of stocks that outperform broader market on Wednesday. While we acknowledge the potential of EXC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as EXC but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
11-03-2025
- Business
- Yahoo
Buy 5 Non-Tech High-Flying Nasdaq Stocks Amid Index's Recent Bloodbath
Wall Street's high-flying northward journey from January 2023 to January 2025 was predominantly supported by an astonishing rally in the technology sector, buoyed by the explosive growth of generative artificial intelligence (AI). Several AI-centric stocks skyrocketed 400-500% during this period. As many financial experts and economists expect a near-term recession, investors are gradually booking profits in tech stocks, for which valuations are extremely overstretched. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — are in negative territory year to date. The Nasdaq Composite is currently in correction territory, sliding 14% from its recent high. The S&P 500 is also 8.7% below its recent high. An index enters correction territory once it falls below 10% of its recent high. Despite the index's recent bloodbath, a handful of non-tech Nasdaq Composite listed stocks have provided double-digit returns year to date. At this juncture, investing in these stocks should prove fruitful. Five such stocks with a favorable Zacks Rank are Exelon Corp. EXC, Gilead Sciences Inc. GILD, Plains All American Pipeline L.P. PAA, Sportradar Group AG SRAD and Cintas Corp. CTAS. Wall Street's impressive bull run that started at the beginning of 2023 suffered a blow last month. Thereafter, market participants' pain has increased manifold. Investors are highly anxious about the impact of the Trump administration's tariff and trade policies. Recently released several key economic data have clearly shown that the U.S. economy is weakening. The resilient labor market has shown softness. Last released data for retail sales, industrial production, manufacturing PMI, housing sector data as well as consumer confidence and sentiment indexes came in well below expectations. Market participants are now highly skeptical about the Fed's much-hyped 'soft landing' of the U.S. economy. The Fed reduced the benchmark lending rate by a significant 1% in 2024. However, Chairman Jerome Powell said the central bank is in no hurry to cut rates further any time soon. According to Powell, 'the time and magnitude of the rate cut will depend on inflation and other key economic data. In addition, this time the rate cut decision will be guided by the Trump administration's tariffs and trade related policies.' Importantly, in an interview last weekend, President Donald Trump did not rule out of the possibility of a near-term recession in the U.S. economy. We have narrowed our search to five Nasdaq Composite-listed non-tech stocks that have provided double-digit returns year to date. These stocks have strong growth potential for 2025 and have seen positive earnings estimate revisions in the past 60 days. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The chart below shows the price performance of our five picks year to date. Image Source: Zacks Investment Research Exelon's investment will strengthen its transmission and distribution infrastructure and assist in providing reliable services to customers. EXC's initiatives in grid modernization will improve the resilience of its operations, and revenue decoupling will mitigate the impact of load fluctuation. A stable cash flow allows EXC to pay regular dividends. The development of data centers will increase demand. Exelon has an expected revenue and earnings growth rate of 3.4% and 5.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the past seven days. EXC has a current dividend yield of 3.71%. Exelon is currently trading at an attractive valuation compared to its peers. The stock has forward price/earnings (P/E) of 16.32X, below the industry's P/E of 17.95X and the S&P 500's P/E of 18.58X. It has a price/sale (P/S) of 1.88X, compared with the industry's P/S of 2.22X and the S&P 500's P/S of 2.91X. Moreover, it has a price/book (P/B) of 1.61X, compared with the industry's P/B of 1.51X and the S&P 500's P/B of 3.53X. Gilead Sciences reported better-than-expected fourth-quarter results and provided an upbeat guidance for 2025. GILD's flagship HIV therapy, Biktarvy, continues to maintain its strong growth, fueling the top line. GILD's efforts to develop better HIV treatments are commendable. Recent data validate lenacapavir's potential to prevent HIV. A potential approval of lenacapavir should be a significant boost for Gilead. Our sales estimates for Biktarvy indicate a CAGR of around 4.5% over the next three years. GILD's efforts to bolster its oncology and virology franchises through internal pipeline development and collaborations are impressive as well. Gilead Sciences has an expected revenue and earnings growth rate of -0.7% and 70.4%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the past seven days. GILD has a current dividend yield of 2.62%. Gilead Sciences is currently trading at an impressive valuation. The stock has forward P/E of 14.92X, below the industry's P/E of 19.23X and the S&P 500's P/E of 18.58X. It has a P/S of 5.09X, compared with the industry's P/S of 5.73X and the S&P 500's P/S of 2.91X. Moreover, GILD currently has a return on Equity (ROE) of 31.63%, compared with the industry's ROE of -62.66% and the S&P 500's ROE of 17.11%. Plains All American Pipeline Plains All American Pipelines' widespread Permian Basin operations should allow it to capture the increasing Permian production volumes. PAA's cost-saving initiatives, joint venture and asset divestitures are expected to boost operations. PAA's expansion of existing pipelines and development of new pipeline projects in key production regions of the United States should drive its operations. PAA has enough liquidity to meet its near-term debt obligations. Plains All American Pipeline has an expected revenue and earnings growth rate of 2.7% and 1.3%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2% over the past 30 days. PAA has a current dividend yield of 7.86%. Plains All American Pipeline is currently trading at a solid valuation. The stock has forward P/E of 12.66X, compared with the industry's P/E of 11.98X and the S&P 500's P/E of 18.58X. It has a P/S of 0.27X, compared with the industry's P/S of 1.12X and the S&P 500's P/S of 2.91X. Moreover, It has a P/B of 1.26X, compared with the industry's P/B of 1.42X and the S&P 500's P/B of 3.53X. Sportradar Group provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. SRAD offers sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name. SRAD offers mission-critical software, data, and content to sports leagues and federations, betting operators, and media companies. SRAD also provides sports entertainment, gaming, and sports solutions, as well as live streaming solutions for online, mobile, and retail sports betting. In addition, SRAD's software solutions address the entire sports betting value chain from traffic generation and advertising technology to the collection, processing, and extrapolation of data and odds, as well as to visualization solutions, risk management and platform services. Sportradar Group has an expected revenue and earnings growth rate of 15.7% and 94.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.2% over the past 60 days. Cintas is well-positioned to benefit from the solid momentum across its segments. Penetration of additional products and services into existing customers is aiding CTAS' Uniform Rental and Facility Services segment. Improved demand for AED Rentals and WaterBreak products is driving CTAS' First Aid and Safety Services segment. CTAS' investments in technology and automation hold promise. The successive acquisitions of Paris Uniform and SITEX sparked optimism in the stock. Also, handsome rewards to its shareholders add to CTAS' appeal. Cintas has an expected revenue and earnings growth rate of 7.3% and 13.7%, respectively, for the current year (ending May 2025). The Zacks Consensus Estimate for current-year earnings has improved 1.9% over the past 60 days. Cintas has a current dividend yield of 0.77%. Moreover, CTAS currently has a ROE of 40.62%, compared with the industry's ROE of 12.02% and the S&P 500's ROE of 17.11%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelon Corporation (EXC) : Free Stock Analysis Report Plains All American Pipeline, L.P. (PAA) : Free Stock Analysis Report Gilead Sciences, Inc. (GILD) : Free Stock Analysis Report Cintas Corporation (CTAS) : Free Stock Analysis Report Sportradar Group AG (SRAD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
Exelon Corp (EXC) Q4 2024 Earnings Call Highlights: Strong Financial Performance and Strategic ...
GAAP Earnings for 2024: $2.45 per share. Adjusted Operating Earnings for 2024: $2.50 per share. 2025 Operating Earnings Guidance: $2.64 to $2.74 per share. Dividend for 2025: Increased to $1.60 per share. Capital Investment Plan (2025-2028): $38 billion. Annualized Earnings Growth (2025-2028): 5% to 7%. Return on Equity for 2024: 9.1%. Rate Base Growth (2024-2028): 7.4% annualized. Credit Rating Upgrade: S&P upgraded to BBB+. Equity Funding Strategy: 40% of incremental capital funded with equity. Projected Transmission Investment Opportunity: $10 billion to $15 billion over the next 5 to 10 years. Warning! GuruFocus has detected 8 Warning Signs with EXC. Release Date: February 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Exelon Corp (NASDAQ:EXC) achieved top quartile reliability performance across all four of its utilities, with three ranking in the top five among peers. The company reported GAAP earnings of $2.45 per share and adjusted operating earnings of $2.50 per share for 2024, meeting or exceeding guidance. Exelon Corp (NASDAQ:EXC) plans to invest $38 billion from 2025 to 2028, with over 80% of the $3.5 billion capital growth attributed to transmission, supporting customer needs and economic development. The company received an upgrade to its credit rating by S&P, reflecting a strong balance sheet and financial health. Exelon Corp (NASDAQ:EXC) is maintaining a balanced funding strategy, with 40% equity financing, supporting a projected annualized earnings growth of 5% to 7% through 2028. Exelon Corp (NASDAQ:EXC) faced challenges with regulatory approvals, such as the $400 million capital not approved in the Illinois grid plan. The company is dealing with significant storm and weather headwinds, impacting operational costs and performance. There is ongoing uncertainty and need for clarity regarding FERC's policy on colocation and network load, which could impact future operations. Exelon Corp (NASDAQ:EXC) is navigating a complex regulatory environment with multiple rate cases and legislative proposals across its jurisdictions. The company is facing challenges related to energy supply prices and resource adequacy, requiring collaboration with stakeholders and policymakers. Q: Can you provide more color on the reconciliation decision in Maryland and its impact on future rate case filings? A: Calvin Butler, President and CEO, stated that the process is progressing well, with costs incurred deemed prudent. Jeanne Jones, CFO, added that the reconciliation is expected to conclude in the first half of the year, with initial proposals aligning with prior reconciliations. The multiyear plans have provided strong alignment with state policy and competitive distribution rates, which are beneficial for cost control and affordability. Q: What are your latest thoughts on the 205 docket with FERC, and are there any discussions with stakeholders? A: Colette Honorable, EVP of Public Policy and Chief External Affairs Officer, mentioned that they are awaiting a decision in the 205 docket and continue to engage with stakeholders, including PJM, to find solutions that work for customers and investors. They are optimistic about a positive result and are actively working on resource adequacy and energy security issues. Q: How should we think about the growth into 2027 as shown on Slide 18? A: Jeanne Jones, CFO, explained that the growth is calculated year-over-year off the prior year's midpoint, focusing on how Exelon grows from the 2024 midpoint of $2.45 per share through 2028, aiming for the midpoint or better of the 5% to 7% growth range over the four-year period. Q: Can you comment on the legislative priorities in Maryland and Pennsylvania regarding generation and rate-based solutions? A: Calvin Butler, President and CEO, noted that there are over 45 bills being tracked across jurisdictions, focusing on affordability, energy security, and adequate generation. Carim Khouzami, CEO of BGE, added that Maryland is focused on increasing in-state generation, while Dave Velazquez, CEO of PECO, mentioned active legislative sessions in Pennsylvania addressing resource adequacy and potential alternatives to PJM capacity markets. Q: How do you view the potential for settlements in PJM policy discussions, and what is the impact of data center deposits on rate base growth? A: Calvin Butler, President and CEO, emphasized the importance of affordability and equitable cost-sharing. Jeanne Jones, CFO, noted that meaningful deposits are being received, indicating real load growth. The 2024 rate base was about $400 million lower due to deposits, which protect customers and signal the need for further investment to accommodate new load. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
