Edison International (EIX) experienced several ups and downs, specifically in its Q4 results. These lagged behind estimates, notably due to ongoing financial challenges resulting from heightened costs associated with California wildfire claims. This situation has prompted several law firms to announce potential securities fraud lawsuits against EIX. However, Edison seems confident in a California wildfire fund set to shield it from further claims. The company's stock price saw a substantial upswing of 5.5% after the announcement of dividends. Further, it has revised its 2025 EPS guidance amidst these challenges. Investment firms, including those internationally, have shown a proliferation of activity surrounding EIX's stock. Wells Fargo cut their price target for EIX to $75.00, while Barclays adjusted their target to $65 from $67. Edison International has unequivocally stated its commitments towards grid modernization, maintaining its focus on long-term growth. The company has also recently included former US energy secretary Granholm in its board of directors, indicating a strategic move towards clean energy. Despite the challenges, several analysts remain optimistic about EIX's future performance, recommending it for passive income investment.
Edison International EIX News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sat, 01 Mar 2025 19:06:01 GMT -
Rating -3
- Innovation 5
- Information 6
- Rumor -5
