Edison International ($EIX) Stock Forecast: Down 5.3% Today

What is Edison International?

Edison International (EIX) operates in the utilities sector, offering electric services in Southern California. The stock saw a decline today amidst recent developments.

Why is Edison International going down?

EIX stock is down 5.3% on Jan 16, 2025 15:05

• An upgrade from Ladenburg Thalman from Sell to Neutral did not notably impact the stock's performance, as it continued on a bearish trajectory.
• Concerns may have arisen among investors due to an investigation launched by the Portnoy Law Firm into Edison International, prompting a sell-off.
• The company's subsidiary, Southern California Edison, facing numerous lawsuits over fire damages, likely contributed to the negative sentiment and stock decline.
• Despite positive technical analysis and upgrades, Edison International faces a bearish market sentiment attributed to ongoing legal challenges and investigations.

EIX Price Chart

EIX Technical Analysis

EIX News

Edison International ( EIX ) technical analysis - Edison Intl ( NYSE:EIX )

"Markets have memories" is an old expression on Wall Street. The chart of Edison International ( EIX ) proves that it is true. Edison International EIX shares are trading higher on Wednesday. Brokerage firm Ladenburg Thalman upgraded the stock from Sell to Neutral.

https://www.benzinga.com/trading-ideas/technicals/25/01/43013604/stock-of-the-day-time-to-buy-edison-international

Edison International Shares Are Moving Higher Wednesday: What's Driving The Action? - Edison Intl ( NYSE:EIX )

Ladenburg Thalmann analyst Paul Fremont upgrades Edison to a Neutral rating and sets a price target of $56.50. Get Real-Time News and Alerts for Your Portfolio Edison International EIX shares are trading higher Wednesday after Ladenburg Thalmann upgraded the stock from Sell to Neutral.

https://www.benzinga.com/analyst-ratings/upgrades/25/01/43010675/edison-international-shares-are-moving-higher-wednesday-whats-driving-the-action

This KB Home Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday - Digital Realty Trust ( NYSE:DLR ) , CBRE Group ( NYSE:CBRE )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

https://www.benzinga.com/25/01/43002452/this-kb-home-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-wednesday

Edison International Investors: Company Investigated by the Portnoy Law Firm - Edison Intl ( NYSE:EIX )

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Jan. 14, 2025 ( GLOBE NEWSWIRE ) -- The Portnoy Law Firm advises Edison International ( "Edison" or "the Company" ) EIX investors that the firm has initiated an investigation into possible ...

https://www.benzinga.com/pressreleases/25/01/g42992006/edison-international-investors-company-investigated-by-the-portnoy-law-firm

LA Braces For More 'Extreme Fire Weather,' Multiple Lawsuits Filed Against Edison Over Eaton Fire Damages - Edison Intl ( NYSE:EIX )

The Los Angeles Fire Department reports the Eaton Fire is now at 35% containment and the Palisades Fire is now at 17% containment. At least five lawsuits were filed against Southern California Edison, a subsidiary of Edison International, on Monday. Get Real-Time News and Alerts for Your Portfolio

https://www.benzinga.com/25/01/42983439/la-braces-for-another-extreme-fire-weather-scenario-multiple-lawsuits-filed-against-edison-over-eaton-fire-damage

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Edison International Price History

13.00.2025 - EIX Stock was down 10.9%

• The bearish movement in EIX stock could be attributed to the rising estimates of wildfire damage in California, with losses now estimated between $250 billion and $275 billion. This news likely raised concerns about potential liabilities for the company.
• The investigation into whether downed power lines of a subsidiary of Edison International contributed to a recent fire could have further dampened investor sentiment, leading to the downward pressure on the stock.
• The looming windstorm in Southern California, with warnings of severe fire weather conditions, might have added to the negative outlook for EIX as investors fear the potential impact on the company's operations and infrastructure in the region.

08.00.2025 - EIX Stock was down 5.3%

• Analyst upgrades for other companies like Cloudflare might have diverted investor attention away from EIX.
• The bullish sentiment towards Cloudflare could have led investors to reallocate their funds from EIX to the tech sector.
• The market interpreted the analyst upgrades as a sign of potential growth in other sectors, causing a sell-off in traditional utility stocks like EIX.
• The shift in focus towards tech companies and away from traditional utilities could have contributed to the bearish movement in EIX today.

08.00.2025 - EIX Stock was down 12.0%

• The severe windstorm expected in Southern California could potentially lead to wildfires, causing concerns about potential damages to Edison International's infrastructure and operations.
• The bullish upgrade of Cloudflare by a top Wall Street analyst may have diverted investor attention away from traditional utility stocks like Edison International, leading to a sell-off in EIX shares.
• The overall market sentiment towards utility stocks might have been impacted by the analyst rating changes, contributing to the bearish movement in Edison International's stock price today.

15.00.2025 - EIX Stock was up 6.7%

• The bullish movement in EIX stock today could be attributed to recent changes in outlook by top Wall Street analysts, potentially upgrading their ratings for the company.
• Investigations and lawsuits over recent wildfires in Los Angeles initially caused market uncertainty, but investors now appear optimistic about the company's ability to address these challenges.
• Concerns over increased wildfire damage estimates and liabilities for Edison International due to the return of Santa Ana winds have been overshadowed by the market's focus on the company's long-term growth prospects.
• Overall, today's bullish movement in EIX stock indicates that investors are looking beyond current legal issues and are optimistic about the company's future potential in the utility sector.

15.00.2025 - EIX Stock was up 7.0%

• Following an upgrade by Ladenburg Thalmann from Sell to Neutral, with a price target of $56.50, Edison International's stock witnessed noteworthy bullish activity.
• The California wildfires, causing damages estimated between $250 billion and $275 billion, have created challenges for the company, which faces ongoing investigations to assess the impact of downed power lines on the fires.
• Despite legal pressures and inquiries by the Portnoy Law Firm, there is a sense of optimism among investors regarding Edison International's future, contributing to the recent bullish market trends.
• The company's capacity to address these hurdles and potentially reduce liabilities stemming from the wildfires will be pivotal in influencing its future stock performance.

10.00.2025 - EIX Stock was down 5.2%

• EIX stock experienced a strong bearish movement likely due to concerns over the potential impact of the incoming windstorm in Southern California.
• The news of the windstorm and the heightened risk of wildfires in the region may have led investors to worry about potential disruptions to EIX's operations and infrastructure.
• The bearish market movement could also be influenced by broader market sentiment and profit-taking activities following recent gains in the stock.
• Investors may be closely monitoring EIX's response to the weather conditions and assessing the potential financial implications of any damage or service interruptions.

16.00.2025 - EIX Stock was down 5.3%

• An upgrade from Ladenburg Thalman from Sell to Neutral did not notably impact the stock's performance, as it continued on a bearish trajectory.
• Concerns may have arisen among investors due to an investigation launched by the Portnoy Law Firm into Edison International, prompting a sell-off.
• The company's subsidiary, Southern California Edison, facing numerous lawsuits over fire damages, likely contributed to the negative sentiment and stock decline.
• Despite positive technical analysis and upgrades, Edison International faces a bearish market sentiment attributed to ongoing legal challenges and investigations.

07.09.2023 - EIX Stock was up 5.3%

• The bullish movement of EIX could be attributed to the positive assessment of its performance in the Electric Utilities industry, as mentioned in an article from Benzinga.
• The lawsuits filed against Southern California Edison by Orange County may have had a positive impact on EIX's stock, indicating a potential resolution or favorable outcome for the company, as mentioned in an article from TipRanks.
• The comparison between EIX and EONGY in an article from Zacks Commentary may have highlighted EIX as the better value option, leading to increased investor interest and a bullish market movement.
• The purchase of EIX shares by CFS Investment Advisory Services LLC, as mentioned in an article from EIN News Investing, could have also contributed to the bullish movement, indicating confidence in the company's potential.

14.10.2023 - EIX Stock was up 5.1%

• The partnership between Edison International and the Port of Long Beach to drive towards a zero-emissions future could have positively impacted the stock, as it aligns with the growing focus on sustainability and clean energy.
• The request made by BP, Shell, and Edison International for US and EU intervention in their dispute with Venture Global LNG may have caused some uncertainty in the market, but it does not seem to have significantly affected the bullish movement of EIX.
• The attention gained by Edison International shares due to strong EPS growth could have contributed to the bullish market movement, as investors may be optimistic about the company's financial performance.
• The company's commitment to diversity, equity, and inclusion, as highlighted in their recent report, may have also resonated positively with investors, further supporting the bullish trend.

02.10.2023 - EIX Stock was up 5.1%

• The bullish movement in EIX stock today can be attributed to the following factors:
• 1. Strong Q3 Earnings: Edison International reported earnings of $155 million in Q3, a significant improvement compared to a loss of $128 million in the same period last year. This positive earnings result likely boosted investor confidence and contributed to the bullish movement.
• 2. Mitigation Efforts: The article mentions that Edison International is actively working on wildfire mitigation strategies. This indicates that the company is taking proactive measures to address the risk of wildfires, which could have reassured investors and positively impacted the stock.
• 3. Long-Term Growth Outlook: Despite the earnings miss and revenue shortfall in Q3, Edison International reaffirmed its EPS guidance and long-term growth prospects. This reaffirmation of future growth potential might have instilled optimism among investors, leading to the bullish market movement.
• Overall, the strong Q3 earnings, the company's efforts in wildfire mitigation, and the positive long-term growth outlook likely contributed to the bullish movement in EIX stock today.

30.10.2023 - EIX Stock was down 2.2%

• The bearish movement in EIX today could be attributed to the following factors:
• 1. Market Fluctuations: The article mentions that markets have been fluctuating due to economic news and stock prices. This volatility could have influenced the bearish movement in EIX.
• 2. Clean Energy Transition: an article from Finanz Nachrichten highlights Edison International's Mobile Education Unit program, which focuses on clean energy education in rural communities. While this initiative is positive for the company's long-term growth potential, it may not have an immediate impact on the stock's performance, leading to the bearish movement.
• 3. Decarbonization Goals: an article from Finanz Nachrichten discusses California's decarbonization goals and the need for bold actions to achieve them. While Edison International plays a role in this transition, the market may have reacted negatively to the challenges and uncertainties associated with meeting these goals, contributing to the bearish movement.
• Overall, the bearish movement in EIX today could be influenced by market fluctuations, the lack of immediate impact from clean energy initiatives, and concerns about meeting decarbonization goals.