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.
Edison International’s subsidiary, Southern California Edison, today submitted two letters to the California Public Utilities Commission providing updates on its ongoing analysis into the origin of the Eaton and Hurst wildfires that began on Jan. 7, 2025, in accordance with state reporting requirements. These reports follow an interim update on the Eaton Fire submitted to the CPUC on Jan. 27, 2025.
NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Edison International (“Edison” or the “Company”) (NYSEEIX) on behalf of Edison stockholders. Our investigation concerns whether Edison has violated the federal securities laws and/or engaged in other unlawful business practices.
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 Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Edison International (“Edison” or “the Company”) (NYSEEIX) for violations of the securities laws.
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.
Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Edison International (NYSEEIX) resulting from allegations that Edison may have issued materially misleading business information to the investing public.
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.
