[PR Newswire] Exelon Corporation (NYSE:EXC) announced that it is planning to build two combined-cycle gas turbine (CCGT) units in Texas utilizing a new General Electric technology that will make them among the cleanest, most efficient CCGTs in the state and the nation. The new units are being built on existing Exelon sites: one at Colorado Bend Generating Station, currently a 498 MW natural gas plant in Wharton County, TX; and the other at the 704 MW Wolf Hollow natural gas plant in Granbury, TX. Each new unit will add approximately 1,000 MW of capacity to their respective sites.Stock PerformanceTaking a look at the company’s recent performance, Exelon Corporation (NYSE:EXC) reported second quarter earnings for fiscal year 2014 on July 31st 2014. The company reported actual earnings per share of $0.51 against the consensus Street estimate of $0.51. This represents year over year decline of 5.88%. Exelon posted revenue of $6.02 billion against estimates of $5.64billion.Exelon Corporation (NYSE:EXC) is currently valued at $30.07 billion and closed the last trading session at $35. The stock has a 50-day moving average of $33.02 and a 200-day moving average of $34.10.
Is this a Buying Opportunity?There are currently eighteen analysts that we track that cover the stock. Of those eighteen, seven have Buy rating, seven have a hold rating and four have sale rating. On a consensus basis this yields a score of 2.17 and a Buy. The combined price objective of these covering analysts is $32.50, which represents a 4.72% downside difference to the last closing price.The most recent analyst activity consisted of Zacks reiterating their neutral stance of the company. Zacks has a price target of $35 which represents an upside of 3.73% from the last closing price. On the date of the report, the stock closed at $33.70.Another research firm weighing in recently was SunTrust who boosted price target on the stock. On august 26th 2014 SunTrust upgraded their price target on the stock from $33.00 to $34.00, or a 0.32% downside to the current price. On the day of the report, EXC shares closed at $32.31.Company Profile Exelon Corporation, a utility services holding company, is engaged in the energy generation business in the United States. It operates through nine segments: Mid-Atlantic, Midwest, New England, New York, ERCOT, Other Regions, ComEd, PECO, and BGE. The company owns, contracts, and invests in electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, as well as wind and solar facilities. It is also involved in the wholesale and retail customer supply of electric and natural gas products and services, including renewable energy products, risk management services, and natural gas exploration and production activities. In addition, the company is engaged in the purchase and regulated retail sale of electricity, and the provision of distribution and transmission services in northern Illinois, southeastern Pennsylvania, and central Maryland.