The electronic excitation spectra of undoped, and potassium as well as calcium doped phenantrene-type hydrocarbons have been investigated using electron energy-loss spectroscopy (EELS) in transmission. In the undoped materials, the lowest energy excitations are excitons with a relatively high binding energy. These excitons also are rather localized as revealed by their vanishing dispersion. Upon doping, new low energy excitation features appear in the former gaps of the materials under investigation. In K$_3$picene and K$_3$chrysene they are characterized by a negative dispersion while in Ca$_3$picene they are dispersionless.