#7 - Exelon (NASDAQ:EXC)
Another one of our recession-proof stocks on our list is from the energy sector. And that’s a good reason to look at Exelon (NASDAQ: EXC), the largest utility company in the United States. People will still need to cool and heat their homes and Exelon has a geographic reach that includes over 10 million customers.
However, another reason to believe in Exelon is that the company is truly a play in the “all of the above” approach to energy production. The company owns nuclear, wind, hydroelectric, biomass, and solar generating facilities.
EXC stock is up 38% in the trailing twelve months ending July 7, 2022. And the company recently received a buy recommendation from Bank of America (NYSE: BAC) who gave the stock a $54 price target while saying, “We still see the core Exelon regulated utilities as attractively valued and defensively positioned. Exelon increasingly represents a defensive utility at a reasonable valuation.”
About Exelon
Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.
Read More - Current Price
- $39.30
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $41.33 (5.2% Upside)
