Edison International (EIX) released a mixed bag of second-quarter 2025 results, exceeding expectations though profits were seen declining. The report hinted at both weak technicals and strong fundamentals, causing a muted response from the market.
TD Asset Management increased its position while
Mackenzie Financial Corp and
Foster & Motley Inc. sold off EIX shares. Despite falling short of earnings estimates, EIX reaffirmed its annual guidance. Edison firmly embarked on addressing wildfire liability with a compensation fund for wildfire victims, a grid modernisation drive and a 5-7% EPS growth expectation. Equitable Trust Co., Zurcher Kantonalbank and AustralianSuper Pty raised their holdings in EIX. EIX proves appealing for institutional investors with an 89% ownership. Contrarily, EIX stocks fell amidst regulatory unease and wildfire linked litigation liabilities.
Southern California Edison, a unit of Edison International, plans to launch a wildfire recovery compensation program for Eaton Fire victims. EIX shares did get a buy rating based on expected benefits from Electric Vehicle adoption in their service area.
Edison International EIX News Analytics from Thu, 12 Dec 2024 08:00:00 GMT to Sat, 02 Aug 2025 13:19:30 GMT -
Rating -3
- Innovation 4
- Information 7
- Rumor 6
