Edison International (EIX) is set to make significant declarations in its earnings announcement but with an anticipated decrease in Q4 earnings. Recently, the company has received an upgrade from Neutral to Buy by
UBS, despite being tagged as one of the worst performing utilities stocks. Legal issues abound against the company, with Rosen Law Firm filing a Securities Class Action Lawsuit on behalf of EIX investors and reminders of large losses due to alleged fraudulent practices. Furthermore, investors have experienced a 15% loss over the past five years. Increased involvement from investment firms including
Handelsbanken Fonder AB,
Allspring Global Investments, and
Baillie Gifford & Co., among others, seems to indicate growing interest in EIX shares. In other news, Former US energy secretary,
Jennifer Granholm, has joined the board of directors. However, EIX has been rated among January’s Biggest Losers and hit a new 12-month low, sparking concerns among investors. The company is now attracting high options trading. Given California wildfires, EIX shares fell by 10%, although they were later bought by Vontobel Holding Ltd and the company's rating was reiterated at Neutral by JPMorgan Chase & Co.
Edison International EIX News Analytics from Wed, 08 Jan 2025 08:00:00 GMT to Sat, 22 Feb 2025 19:06:20 GMT -
Rating -6
- Innovation -3
- Information +5
- Rumor -3
