Edison International’s Stock Price Plummets to $58.29, Witnessing a Sharp 6.33% Dip

Edison International (EIX)

58.29 USD -3.94 (-6.33%) Volume: 7.11M

Edison International’s stock price stands at 58.29 USD, experiencing a significant drop of -6.33% this trading session with a trading volume of 7.11M, reflecting a year-to-date percentage change of -26.99% in its market performance.

Latest developments on Edison International

Edison International (EIX) stock price took a hit, trading down 3.5% on Jan 22, amidst scrutiny and lawsuits over the Eaton Fire. The company faces legal challenges as Pomerantz Law Firm investigates claims on behalf of investors. Despite this, Ameritas Advisory Services LLC boosted their position in Edison International (NYSE:EIX). Adding to the pressure, the California utility is considering more power shutoffs for thousands due to the resurgence of Santa Ana winds. Edison Utility has been given a deadline to produce data on four circuits related to a fire in Los Angeles, further adding to the uncertainty surrounding the company’s stock price movements today.

Edison International on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Edison International, highlighting the company’s focus on innovation and technological investments as key drivers for growth. Edison International‘s third-quarter 2024 financial results showcased a mix of performance indicators, regulatory developments, and strategic initiatives that present both challenges and opportunities for the company. With reported core earnings per share (EPS) of $1.51 for the quarter and a narrowing of its 2024 core EPS guidance to a range between $4.80 and $5.00, Edison International aims to achieve its 2025 EPS guidance and maintain an EPS compound annual growth rate (CAGR) of 5% to 7% through 2028.

In another report by Baptista Research on Smartkarma, analysts continue to express bullish sentiment towards Edison International, questioning whether the company possesses a sustainable competitive advantage. The company’s strong financial performance in the second quarter of 2024, with a core EPS of $1.23 and a year-to-date core EPS of $2.37, supports its reaffirmed 2024 core EPS guidance of $4.75 to $5.05. Edison International has also made significant progress in its 2025 General Rate Case, securing partial settlements that boost investor confidence in favorable regulatory outcomes essential for continued investment in grid infrastructure.

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 electric power generation and energy services, has received positive scores in areas such as value, dividend, and growth. With a high score in dividend, investors can expect consistent and reliable returns. The company also scores well in value and growth, indicating that it may be a solid long-term investment option for those looking for stability and potential for growth.

However, Edison International scores lower in resilience and momentum, suggesting that there may be some challenges ahead in terms of adapting to market changes and maintaining a strong market position. Investors should consider these factors when evaluating the long-term outlook for the company. Overall, with its focus on electric power generation and energy services, Edison International presents a mix of strengths and weaknesses that investors should carefully weigh before making investment decisions.

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