NEW YORK (TheStreet) -- Shares of Exelon (EXC) - Get Report are lower 1.38% to $36.58 in late afternoon trading as the energy company expects to report fiscal 2016 second quarter earnings after today's closing bell.
Analysts project Exelon to post earnings of 56 cents per share on revenue of $7.31 billion.
Last year, the company reported earnings of 59 cents per share on revenue of $6.51 billion for the second quarter.
Exelon subsidiary Constellation announced earlier today that it had agreed to purchase ConEdison Solutions, a subsidiary of Consolidated Edison (ED). Constellation will acquire ConEdison Solutions' retail electricity and natural gas consumer contracts and associated supply contracts.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate EXELON CORP as a Buy with a ratings score of B+. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: EXC