Edison International, a utility company in California, saw its stocks fall drastically due to Southern California wildfires. The firm, despite shutting off power to over 114,000 customers, faced pressure alongside numerous other California utility providers amidst investor concerns of potential wildfire-related costs. Edison's stocks entered the oversold territory with high volumes of put options. Regardless, some maintained optimism regarding the utility firm. Citi retained its 'Buy' rating, while analysts continued to regard Edison as a strong value stock. Edison's dividends showed consistent growth, marking a 21st consecutive annual increase. Despite environmental challenges, Edison established itself as a potent player within the electrical infrastructure landscape, reporting strong EPS performance in recent earnings calls. However, the future poses critical questions with regards to the potential costs of wildfires and how Edison navigates its path amidst the dual challenge of ensuring grid resilience and continuing its clean energy push.
Edison International EIX News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 11 Jan 2025 05:17:00 GMT -
Rating -5
- Innovation 6
- Information 5
- Rumor -8
