BUZZ-Exelon forecasts 2025 profit above estimates, shares rise

Updates

Shares of U.S.-based utility firm Exelon EXC.O rise 2.2% to $43.29 premarket

Company forecasts adjusted profit for 2025 in the range of $2.64 per share to $2.74 per share, above analysts' estimates of $2.63 per share, according to data compiled by LSEG

Company also beats fourth-quarter profit estimates helped by higher rates for electricity

Reports Q4 adjusted EPS of 64 cents vs average estimate of 59 cents per share - LSEG data

Exelon plans to invest $38 billion in capital expenditures over the next four years, 10% higher than its previous plan

"With growth in our four-year capital plan driven by investment needs across our regions, we continue to expect 5-7% annualized earning growth through 2028" - CFO Jeanne Jones

Exelon shares have risen 11.5% YTD, as of last close