Exelon Revenues at Risk, Power Utility Glut Evident, Deutsche Downgrade Says

REUTERS A gas-fired power plant in Germany. At the root of a selloff in utility shares today is a power auction held Friday that had “thesis-altering implications” for owners of Excelon stock. Deutsche Bank Analyst Jonathan Arnold downgraded shares of Exelon (EXC) — the largest U.S. nuclear operator — to Hold from Buy Tuesday; shares [...]