Can Exelon (CEG) stock keep rising?
This type of demand is great for companies in the natural gas space, such as Constellation Energy. CEG stock is likely to keep rising for as long as the cold weather threat drives up natural gas prices. Exelon also still has holdings in the natural gas space, such as Delmarva Power.
Why did Exelon split into two companies?
It became a standalone company at a time when demand for one of its primary products was sky high. When the split was first announced, Exelon officials stated that it would give both companies the “financial and strategic independence to focus on its specific customer needs.”
What happened to Exelon (Exe) on the first day of trading?
Constellation is enjoying its first day of trading, up 8% for the day. Things didn’t start off so well for Exelon. The energy conglomerate started the day among the top pre-market losers, falling by more than 27%.
Should you buy Exelixis stock after recent beat?
Exelixis shareholders should hang on tight and bargain shoppers might want to take a closer look. Following the recent beating, shares have been trading at just 7.5 times sales. This year, Exelixis expects sales and royalties from cabozantinib to reach between $1.15 billion and $1.25 billion.
What is going on with Exelon?
Exelon is targeting to complete the separation in the first quarter of 2022. Exelon will continue to be led by CEO Chris Crane and the existing management team until the separation is complete through the public listing of SpinCo.
Should I sell my Exelon stock?
13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Exelon in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Exelon stock.
Why is Exelon splitting?
Energy giant Exelon announced plans nearly a year ago to split its utilities and power-generation businesses to better unlock the value in each enterprise. Exelon, based in Chicago, owns BGE and five other regulated utilities.
Will Exelon stock go up?
Stock Price Forecast The 15 analysts offering 12-month price forecasts for Exelon Corp have a median target of 50.00, with a high estimate of 54.00 and a low estimate of 44.00. The median estimate represents a +8.48% increase from the last price of 46.09.
What will happen to my Exelon stock?
Exelon shareholders will retain their current shares of Exelon stock. Shareholders received one share of Constellation common stock for every three shares of Exelon common stock held at the close of business on January 20, 2022, the record date for the distribution.
Is Constellation Energy going out of business?
2/2/2022 1:00 AM. CHICAGO — Exelon Corp. (Nasdaq: EXC) today announced it has completed the separation of Constellation Energy Corp., Exelon's former power generation and competitive energy business.
Will Exelon spin-off?
On February 23, 2021, Exelon Corporation had announced a tax-free spinoff of its generation business unit into a new, independent publicly-traded company named Constellation Energy Corporation (CEG).
Does ComEd own Exelon?
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population.
How many nuclear plants does Exelon have?
Exelon Nuclear, a division of Exelon Generation, is headquartered in Kennett Square, Pa. and operates the largest U.S. fleet of carbon-free nuclear plants with more than 17,800 megawatts of capacity from 21 reactors at 12 facilities in Illinois, Maryland, New York and Pennsylvania.
How do I buy Exelon stock?
How to buy shares in Exelon CorporationCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is Exelon stock a Buy, Sell or Hold?
Exelon stock has received a consensus rating of buy. The average rating score is and is based on 29 buy ratings, 8 hold ratings, and 1 sell ratings.
What was the 52-week low for Exelon stock?
The low in the last 52 weeks of Exelon stock was 32.87. According to the current price, Exelon is 140.00% away from the 52-week low.
What was the 52-week high for Exelon stock?
The high in the last 52 weeks of Exelon stock was 50.71. According to the current price, Exelon is 90.73% away from the 52-week high.
What are analysts forecasts for Exelon stock?
The 38 analysts offering price forecasts for Exelon have a median target of 54.29, with a high estimate of 74.00 and a low estimate of 36.00. The m...
What happened
So what
Shares of Exelixis ( EXEL 6.65% ), an oncology-focused biopharmaceutical company, started sliding Monday in response to a disappointing clinical trial readout. Investors responding to results that weren't quite good enough have shaved 20.1% from the stock's price as of 11:30 a.m. EDT.
Now what
Along with collaboration partner Ipsen ( IPSEY 0.00% ), Exelixis announced top-line results from the Cosmic-312 trial, which evaluates the use of cabozantinib in previously untreated liver cancer patients.
Why It Matters
Exelixis and Ipsen intend to keep running the Cosmic-312 study until completion, which will probably occur in 2022. It doesn't happen often, but there's still a chance that final overall survival results from this study will redeem Cabometyx plus Tecentriq as a first-line treatment option for liver cancer.
What It Means
Executing a spinoff can be tricky business. This was a good time for Constellation Energy to become its own company, though.
