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StocksMedium•27 March 2026•

1 min read

Citi Initiates Exelon with Buy Rating Citing AI Data Center Growth

Key Facts

1Citigroup initiated coverage on Exelon Corp. (EXC) with a Buy rating and a $58 price target.

2Exelon is expected to achieve 2026 EPS guidance of $2.81-$2.91, driven by a forecasted 26% growth in data center load.

3The company benefits from its strong position in Illinois and significant investments in transmission infrastructure.

Citigroup has initiated coverage on Exelon Corp. (EXC) with a Buy rating and a price target of $58 per share. The bullish outlook is primarily driven by the surging demand for AI-powered data centers, with load growth forecasted to reach 26%. Analysts expect the utility provider to achieve earnings per share (EPS) between $2.81 and $2.91 by 2026. Exelon’s strong market position in Illinois provides a strategic advantage in capturing the expanding infrastructure needs of the tech sector. Furthermore, the company is making significant investments in energy transmission infrastructure to support its long-term growth objectives. This initiation highlights how traditional utility firms are becoming key beneficiaries of the ongoing AI infrastructure boom, providing a positive catalyst for the stock.

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