Edison International (EIX) is facing multiple
class-action lawsuits over alleged
securities fraud, with several firms urging investors to come forward. Despite this, a number of investment firms including
Intact Investment Management Inc., PGGM Investments, and AMF Tjanstepension AB have increased their holdings in the company. EIX recently issued $550M of
Senior Notes and has disclosed
major grid upgrades. Several hedge funds remain bullish on the stock, seeing it as an oversold blue chip. However, the stock has experienced a significant plunge, partially due to ongoing investigations into the
Eaton Fire incident and potential links to California's wildfires, which have hurt its public image. Notably, the company has begun the next phase of testing in its fire investigation, and its stock has been upgraded amid wildfires. The stock has received an average price target of $76.54 from analysts.
Edison International EIX News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sat, 15 Mar 2025 15:11:00 GMT -
Rating -5
- Innovation -2
- Information 3
- Rumor -8
