12 Best Electrical Infrastructure Stocks to Buy According to Analysts

6. Exelon Corporation (NASDAQ:EXC)  

Average Analyst Upside: 14.70%

Number of Hedge Fund Holders: 34

Exelon Corporation (NASDAQ:EXC), headquartered in Chicago, is a leading energy provider with a diversified portfolio that includes nuclear, solar, wind, and natural gas generation assets. The company also plays a critical role in energy distribution and transmission through its network of subsidiaries.

The company remains committed to significant infrastructure investments, allocating $34.5 billion to enhance energy infrastructure. On December 9, Exelon subsidiary ComEd marked a milestone by launching a community solar project in Boone County, developed in partnership with Ameresco. Built on a former landfill, the project provides clean energy to support county government operations and local businesses.

In its fiscal third quarter ended September 30, 2024, Exelon Corporation (NASDAQ:EXC) reported operating revenues of $6.15 billion, a 2.9% increase year-over-year. Operating income grew 6.5% to $1.20 billion. Additionally, the company posted a net income of $707 million attributable to common shareholders, with non-GAAP operating earnings per share rising 6% year-over-year to $0.71.

Investor interest slightly declined in Q3 2024, with 34 hedge funds holding stakes in Exelon Corporation (NASDAQ:EXC), compared to 37 in the previous quarter, according to Insider Monkey’s database.