Edison International’s Stock Price Drops to $65.00, Experiencing a 6.47% Decline: A Detailed Analysis

Edison International (EIX)

65.00 USD -4.50 (-6.47%) Volume: 13.01M

Edison International’s stock price stands at 65.00 USD, experiencing a significant drop of -6.47% this trading session with a trading volume of 13.01M. The stock’s performance shows a year-to-date decrease of -18.59%, reflecting the challenging market conditions for EIX.

Latest developments on Edison International

Edison International‘s stock price has been heavily impacted by the devastating California wildfires, with shares falling more than 10% as Southern California Edison (SCE) reported over 413,000 customers without power. The wildfires have caused widespread outages, with around 278,150 homes affected in the SoCal Edison service area. Despite denying involvement in the LA wildfires, Edison International‘s stocks and bonds continue to plummet amid the crisis, leading to investor fears and a year-low retail sentiment. As insurers request evidence preservation and analysts assess wildfire liability protections, the company faces challenges in restoring power and reassuring stakeholders.

Edison International on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely following the performance of Edison International. In their research reports, such as “Edison International: Innovation & Technological Investments As A Vital Tool For Growth! – Major Drivers,” they highlight the company’s third-quarter 2024 financial results, regulatory developments, and strategic initiatives. With a core EPS of $1.51 for the quarter and a narrowing of its 2024 core EPS guidance to $4.80-$5.00, Edison International is on track to meet its 2025 EPS guidance and maintain a 5%-7% EPS CAGR through 2028.

Furthermore, in reports like “Edison International: Does It Have A Sustainable Competitive Advantage? – Major Drivers,” Baptista Research emphasizes the company’s strong financial performance, with a core EPS of $1.23 for the second quarter of 2024. Edison International‘s progress in its 2025 General Rate Case and favorable regulatory outcomes are seen as key drivers for continued investment in grid infrastructure, as highlighted in their research on Smartkarma.

A look at Edison International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Edison International, a company that focuses on developing and operating electric power generation facilities, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores high in areas such as dividends and growth potential, it falls short in terms of resilience. This suggests that while investors may benefit from steady dividends and potential growth opportunities, they should also be cautious of potential risks and challenges that the company may face in the future.

Despite some areas of concern, such as resilience, Edison International still shows promise for long-term investment. With a strong focus on providing capital and financial services for energy projects, as well as managing real estate projects, the company remains well-positioned in the market. Additionally, its integrated energy services and consumer products offer further diversification for investors. Overall, Edison International‘s Smart Scores indicate a generally positive outlook, making it a company worth keeping an eye on for potential investment opportunities.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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