We recently published a list of 10 Stocks Outperform Broader Market on Wednesday. In this article, we are going to take a look at where Exelon Corp. (NASDAQ:EXC) stands against other stocks that outperform broader market on Wednesday.

The stock market finished in the red territory on Wednesday as investors sold off positions to mitigate risks from a fresh round of tariffs due in the next few days.

The tech-heavy Nasdaq fell the hardest, down 2.04 percent, followed by the S&P 500, down 1.12 percent. The Dow Jones declined by 0.31 percent.

According to President Donald Trump, all cars made outside of the US would be slapped with a 25-percent tariff beginning April 2.

Meanwhile, let us take a look at the 10 companies across mixed sectors that defied a broader market downturn, having registered modest to strong gains during the trading session.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A vast array of wind turbines on a hillside, showcasing the company's takeover of renewable energy.

Exelon Corp. (NASDAQ:EXC)

Exelon grew its share prices by 2.95 percent on Wednesday to finish at $44.02 each as investor sentiment was buoyed by a new rating upgrade from an investment firm.

On Wednesday, Argus Research gave EXC a $48 price target, a 9-percent upside from its last closing price.

Earlier this month, EXC also earned a bullish outlook from UBS and Morgan Stanley, having received price targets of $47 and $48, respectively. UBS, however, gave a neutral rating on the company’s stock, while Morgan Stanley assigned an equal weight rating.

In recent news, EXC strengthened its cybersecurity oversight with the addition of David DeWalt to its Board of Directors.

Prior to joining EXC, DeWalt founded and served as CEO for cybersecurity and venture capital company NightDragon, and also led companies such as FireEye and McAfee. He also served on the National Security Telecommunications Advisory Committee for four administrations and presently, a board member of Delta Airlines.

Overall, EXC ranks 8th on our list of stocks that outperform broader market on Wednesday. While we acknowledge the potential of EXC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as EXC but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.