Edison International ($EIX) Stock Forecast: Down 5.2% Today

What is Edison International?

Edison International (EIX) is a public utility holding company that provides electricity to residential and commercial customers in Southern California. The overall market sentiment today was bearish.

Why is Edison International going down?

EIX stock is down 5.2% on Jan 10, 2025 15:35

• 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.

EIX Price Chart

EIX Technical Analysis

EIX News

Company News for Jan 10, 2025

Companies In The News Are: EIX, CEG, EBAY, META, CART, ENOV.

https://www.zacks.com/stock/news/2394785/company-news-for-jan-10-2025

Los Angeles, Ventura Counties Brace For Windstorm: 'As Bad As It Gets In Terms Of Fire Weather' - American Airlines Gr ( NASDAQ:AAL ) , Delta Air Lines ( NYSE:DAL )

Southern California is bracing for another severe weather event as the National Weather Service says an incoming windstorm could lead to wildfires.

https://www.benzinga.com/25/01/42855962/los-angeles-ventura-counties-brace-for-windstorm-as-bad-as-it-gets-for-fire-weather

Trending Today

Pendle ($PENDLE) Crypto Forecast: Down 5.6% Today

Worldcoin ($WLD) Crypto Forecast: Down 5.5% Today

Movement ($MOVE) Crypto Forecast: Down 6.0% Today

Duke Energy Corporation (Holding Company) ($DUK) Stock Forecast: Down 1.3% Today

Whirlpool Corporation ($WHR) Stock Forecast: Up 3.6% Today

Natural Gas ($GAS) Commodity Forecast: Up 5.2% Today

AT&T Inc. ($T) Stock Forecast: Down 1.7% Today

Edison International ($EIX) Stock Forecast: Down 5.2% Today

Sui ($SUI) Crypto Forecast: Up 5.7% Today

Constellation Brands Inc. ($STZ) Stock Forecast: Down 5.1% Today

Edison International Price History

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.

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.

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.