Core Insights - Exelon Corporation (NASDAQ:EXC) is recognized as one of the 10 Best Performing Electrical Infrastructure Stocks in 2025 [1] Group 1: Analyst Ratings and Price Targets - Morgan Stanley has lowered its price objective for Exelon Corporation from $52 to $49 while maintaining an Equal Weight rating, citing that data centers will drive utility performance and growth in 2026 [2] - KeyBanc has reaffirmed its Underweight rating and reduced its price target for Exelon Corporation from $42 to $39, aligning with its broader industry thesis that favors vertically integrated utilities over wire-only firms like Exelon [3][4] - KeyBanc noted that political constraints and upcoming gubernatorial elections in Exelon's operational areas are expected to limit near-term multiple growth [4] Group 2: Business Operations and Market Position - Exelon Corporation provides power and gas to over 10 million consumers through its six regulated utilities located in Illinois, Pennsylvania, New Jersey, Maryland, Delaware, and Washington, D.C. [6] - KeyBanc indicated that due to Exelon's wires-only business model, a growth rate modification is unlikely in the foreseeable future, and it remains uncertain if the company will be allowed to participate in state-level solicitations [5]