Why Exelon (EXC) Stock Is Down Today

NEW YORK (TheStreet) -- Exelon (EXC) was falling 1.8% to $34.90 after a pump problem led to the shut down of the Salem 1 nuclear plant in New Jersey.

The plant, which is owned by Exelon and PSE&G, was shut down by workers after they saw lower steam generator water levels. The Nuclear Regulatory Commission said the shutdown follow a problem with a steam generator feedwater pump.

Plant operators followed procedures according to the NRC, and an agency inspector said plant conditions were stable. The NRC said nobody was injured.

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TheStreet Ratings team rates EXELON CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate EXELON CORP (EXC) a BUY. This is driven by a number of strengths, 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 impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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