Edison International is a leading energy company that serves as the parent company of Southern California Edison, one of the largest electric utilities in the United States
The company is primarily engaged in the generation, transmission, and distribution of electricity, providing reliable and sustainable energy solutions to millions of customers in Southern California. In addition to its utility operations, Edison International is also involved in various initiatives focused on clean energy innovation, renewable energy development, and the reduction of greenhouse gas emissions, reflecting its commitment to a sustainable energy future.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Monday. Uncover the top gainers and losers in today's session for valuable insights.
Stay informed about the performance of the S&P500 index in the middle of the day on Monday. Uncover the top gainers and losers in today's session for valuable insights.
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Friday. Uncover the top gainers and losers in today's session for valuable insights.
Stocks recovered on Friday, with all three major indexes in the green, as the tech sector bounced back from Thursday's losses with NVIDIA Corp. (NASDAQNVDA) up 1.37% and Tesla, Inc. NASDAQ:TSLANASDAQTSLA)
Passive income stocks help you build rising income for retirement and/or financial freedom. Passive income stocks are meant to be purchased once and never sold.
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading.
Another wildfire caused by strong winds in Los Angeles County, threatening thousands of residents and businesses. Evacuations ordered and roads closed.
Ladenburg Thalmann analyst Paul Fremont upgraded Edison to a Neutral rating and set a price target of $56.50 on Wednesday. With the stock down approximately 20% over the past month, Fremont believes the company's valuation is more in line with downside risks.
On Monday, the stock fell 11.89%—its steepest single-day decline since 2021. Since the wildfires broke out on Tuesday, Edison has lost more than 28% of its market value.
The Los Angeles area is bracing Tuesday for another stretch of "extreme fire weather" as the National Weather service issued a "Particularly Dangerous Situation" red flag warning for Southern California.
Edison International’s CEO commented that the company cannot "rule out" the role of infrastructure in the L.A. wildfires, fueling investor anxiety and a sharp sell-off in the stock.
Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal Reserve interest rate policy.
