Edison International
(EIX) recently faced notable developments, including settling a record
$82.5M for initiating the 2020 Bobcat fire. The firm has seen significant investment from institutional organizations like Nomura Holdings and Toronto Dominion Bank, despite ongoing wildfire challenges. Several analysts maintain neutral positions on the utilities stock, while Morgan Stanley adjusted the price target to
$52.00. Q1 reports indicated
strong EPS despite said challenges. Edison International also unveiled a
$6.2 Billion Wildfire Mitigation Plan. Despite current difficulties, the firm still presents as a growth stock with potential to rally
27.5% according to some Wall Street Analysts. However, due to wildfire-related issues, the company faces the risk of negative rating watch. The Q1 results have been robust, nevertheless, with EPS soaring to
$3.73 and core earnings surpassing expectations. The company's plans for grid modernization and leveraging grid innovations to enhance community safety have also been highlighted amidst all events.
Edison International EIX News Analytics from Fri, 21 Feb 2025 08:00:00 GMT to Sun, 25 May 2025 00:12:21 GMT -
Rating 1
- Innovation 5
- Information 8
- Rumor -3
