Exelon Corp (EXC)

Shares of Exelon Corp. (EXC) dropped by 7.56% from $41.00 to $37.90 in the trading on Thursday, December 14, 2023. The reason why EXC down today is due to the Missouri Public Service Commission's decision to schedule hearings in the coming month regarding the construction of several solar-power plants in the state. This news had a negative impact on Exelon as well, causing its stock to decline by approximately 8%.

• Hearings and Solar Projects: The hearings, set to take place on February 13-15 at the Governor Office Building in Jefferson City, are related to Ameren Missouri's request for permission to build and operate various solar-generation facilities. These projects include a 300-megawatt solar facility in Warren County, Missouri; a 150-megawatt facility in Cass County, Illinois; a 50-megawatt facility in Audrain County, Missouri, and another 50-megawatt facility in Pike County, Missouri.
• Impact on EXC: The market's reaction to these developments resulted in a notable drop in Exelon Corp.'s share price on December 14, 2023, as investors expressed concerns about the potential implications for both Ameren and Exelon's operations in the energy sector.