NEW YORK (TheStreet) -- Exelon (EXC) shares are down -2.8% to $34.69 on Wednesday following storms in the Midwest on Monday that have left 400,000 of its ComEd subsidiary's customers without power.
Lightning and 75 mph winds affected states in the Midwest that left over 150,000 residents without power as of Tuesday night despite concerted efforts by the company to rectify the outages.
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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 few notable 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."