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Exelon Corporation (NYSE: EXC) shares continued their move upwards after CNBC's Jim Cramer recommended the stock on his Mad Money program. The hedge fund manager turned television star recommended the stock as his favorite utility play with great nuclear exposure. Unlike many other energy sources that rely on natural gas or coal, nuclear energy is relatively independent from the volatile prices of such commodities making it a smarter investment.

Exelon Corporation is a utility services company that owns electrical generation facilities as well as purchases and resells retail and wholesale electricity to customers around the United States. Analysts have been bullish on the stock as energy prices have risen substantially. KeyBanc recently raised its price target on the company to $98 per share, while others like Jim Cramer have regularly recommended the stock to their subscribers.

The current energy environment is extremely bullish for all players. Companies like Chesapeake have to search for more natural gas while companies like Dynergy are finding it increasingly difficulty to get regulatory approval for coal plants. Nuclear energy, however, remains one of the cleanest and most reliable sources of energy around. This makes companies like Exelon great stocks to own in today's environment since they are safe and productive.

Shares of Exelon rose $0.92, or 1.01%, to $91.26 on the news today.

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