Exelon Corporation (EXC), headquartered in Chicago, Illinois, is a utility services holding company. Valued at $38.52 billion by market cap, the company engages in the energy distribution and transmission businesses in the U.S. and Canada, serving more than 10.5 million customers through six fully regulated transmission and distribution utilities – Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).
Shares of this leading utility company have underperformed the broader market considerably over the past year. EXC has declined 3.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.9%. But in 2024, the gap narrowed, with EXC stock rising 7.3%, while the SPX is up 11.6% on a YTD basis.
