Exelon Stock Price, News & Analysis

ComEd and its parent Exelon Corporation (EXC) were recognized by the Edison Electric Institute (EEI) for their effective response to power outages during severe weather conditions. ComEd received two Emergency Recovery Awards for restoring power to over 347,000 customers after storms in August 2021 and assisting other utilities in Kentucky, Ohio, and West Virginia after ice storms. The company restored over 90% of affected customers within 20 hours, demonstrating its commitment to improving grid resilience against climate change.

ComEd collaborates with Skybox Datacenters to launch a new 189,000-square-foot data center in Elk Grove Village, Illinois. This facility, Skybox's first in the state, aims to enhance the region's digital infrastructure amid growing commercial data needs. Over the past year, ComEd has assisted in establishing six new data centers in northern Illinois, contributing to over $2 billion in investments. The project will create at least 20 full-time jobs and employ over 200 construction workers. ComEd's focus on reliable, affordable energy access supports this expanding data center ecosystem.

Qnovo, a leader in battery management software, has successfully closed $24M in Series-C financing, led by BorgWarner with participation from OGCI Climate Investments and Constellation Technology Ventures. The funds will be utilized to enhance their software products for electric vehicle (EV) production and stationary grid storage systems. Qnovo's innovative software improves battery performance and safety, addressing critical needs in next-generation vehicles. This investment aligns with the growing demand for sustainable energy solutions.

Constellation, preparing for its separation from Exelon (NASDAQ: EXC), will host an investor and analyst event today to outline its new business strategy. Management will emphasize its role as the largest carbon-free energy producer in the U.S. The separation is anticipated to finalize by February 1. Key highlights include a commitment to a carbon-free future, operational excellence, strong customer relations, and disciplined financial policies. The company aims to achieve 95% carbon-free electricity by 2030 and 100% by 2040, backed by its extensive nuclear fleet.

Exelon Corp (NASDAQ: EXC) hosted an investor event on January 10 to discuss its strategic direction and growth plans post-separation from its Constellation business, effective February 1. The company emphasized a focus on reliable, clean, and affordable energy services for over 10 million customers. Key highlights include projected $29 billion in capital investments through 2025, targeting an 8.1% rate base growth and operating EPS growth of 6-8%. Exelon also introduced adjusted 2022 earnings guidance of $2.18-$2.32 per share, reflecting increased investments at its utilities.

Exelon Corp. (Nasdaq: EXC) announced the formation of Constellation's new Board of Directors, following its separation from Exelon, which is expected to close on February 1. Constellation will become the largest provider of carbon-free energy in the U.S., with shares beginning trading on February 2 under the ticker CEG. The new board, featuring leaders with diverse backgrounds, aims to drive Constellation's strategy toward a clean energy future. Joseph Dominguez will assume the role of president and CEO, succeeding in leadership roles at ComEd and Exelon.

Exelon Corp. (Nasdaq: EXC) has announced virtual investor and analyst events to discuss post-separation strategies for Exelon and Constellation. The Exelon event is scheduled for January 10, 2022, from 12 p.m. CT to 3 p.m. CT. The Constellation event will follow on January 11, 2022, from 7:30 a.m. CT to 11 a.m. CT. Both webcasts can be accessed on www.exeloncorp.com/investor-relations and will be archived for later viewing.