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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Exelon Corporation    EXC

EXELON CORPORATION

(EXC)
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Exelon : Constellation Awards $500,000 in Energy to Educate Grants to Support Student STEM Projects

11/20/2020 | 10:08am EST

BALTIMORE - Constellation today awarded more than $500,000 in E2 Energy to Educate grants for student projects focusing on energy science, technology and education.

The grant program is part of the commitment by Constellation, and parent company Exelon, to give back to the communities where they work and live and foster greater interest in STEM programs.

The 22 hands-on STEM projects awarded grants will reach more than 20,000 students, in grade 6 through college.

Selected projects include carbon reduction experiments, building and racing electric- and solar-powered cars, summer camps exploring renewable energy, and game-based learning for STEM and energy concepts. For the complete list of winning projects spanning 10 different states visit the E2 grants page.

'Though the clean energy landscape is constantly evolving, one thing remains the same the importance of energy innovation and STEM education to prepare future energy leaders,' said Jim McHugh, Constellation CEO. 'We're committed to investing in and empowering young people from diverse backgrounds to help propel us toward a cleaner energy future, and we take immense pride in how Energy to Educate supports hands-on experiences that develop and inspire those students nationwide.'

Constellation's Energy to Educate program is one example of an Exelon-wide commitment to foster workforce development solutions with the goals of igniting STEM in young minds, creating an expanded, diverse talent pipeline, and eliminating barriers to economic empowerment, particularly in underserved communities.

Since its inception in 2010, E2 has provided more than $4.5 million in funding for 163 projects that have reached more than 220,000 students and enhanced their understanding of energy-related science and technology issues. Grant recipients are announced each year during American Education Week.

About Constellation

Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider, with 2019 revenues of approximately $34 billion, and more than 31,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets.

Contact:

Dave Snyder

Tel: 410.470.9700

Email: david.snyder@constellation.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 31 298 M - -
Net income 2020 2 847 M - -
Net Debt 2020 37 860 M - -
P/E ratio 2020 13,9x
Yield 2020 3,52%
Capitalization 42 301 M 42 301 M -
EV / Sales 2020 2,56x
EV / Sales 2021 2,70x
Nbr of Employees 32 713
Free-Float 99,5%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 47,39 $
Last Close Price 43,36 $
Spread / Highest target 29,2%
Spread / Average Target 9,29%
Spread / Lowest Target -21,6%
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Managers and Directors
NameTitle
Christopher M. Crane President, Chief Executive Officer & Director
Mayo A. Shattuck Chairman
Bridget M. Reidy Executive Vice President-Corporate Operations
Joseph Nigro Chief Financial Officer & Senior Executive VP
Michael R. Koehler Chief Information & Digital Officer, Senior VP
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