Edison's 13% fire-fueled selloff an overreaction, SunTrust says; others wait [Seeking Alpha]
Edison International (EIX)
Last edison international earnings: 4/30 04:05 pm
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US:NYSE Investor Relations:
edison.com/home/investors.html
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Source: Seeking Alpha
Edison's 13% fire-fueled selloff an overreaction, SunTrust says; others waitEdison International (NYSE:EIX) plunged nearly 13% to finish just $1 above its 52-week low astoday's brush fires spread rapidly through counties on the northern edge of Los Angeles, even as the company says it hasno indication that its facilities were a sourceof the fires.Some sell-side analysts are out in defense of the stock, including SunTrust's Ali Agha, who views today's selloff as an overreaction and says his initial read of the California fires is that EIX should be able to absorb any financial liabilities, although the company's exposure will remain an overhang on the shares; Agha cuts his stock price target to $85 from $89 but keeps his Buy rating.Guggenheim's Shahriar Pourreza thinks it is stilltoo early to make a call on whether the selloff is excessive and draws a comparison to the PG&E (NYSE:PCG) impact from earlier wildfires that damaged the company's northern California service territory; he kee
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EIX
News
- Here's Why We Think Edison International's (NYSE:EIX) CEO Compensation Looks Fair for the time being [Yahoo! Finance]Yahoo! Finance
- Joe Biden's Climate Law Changed the Game -- But Not Nearly Enough [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Joe Biden's Climate Law Changed the Game — But Not Nearly Enough [BNN Bloomberg (Canada)]BNN Bloomberg
- Natural gas needed in California's clean energy transition, Edison International CEO says [Yahoo! Finance]Yahoo! Finance
- Natural gas needed in California's clean energy transition, Edison International CEO says [Reuters]Reuters
EIX
Earnings
- 2/22/24 - Beat
EIX
Sec Filings
- 4/15/24 - Form PX14A6G
- 3/15/24 - Form DEF
- 3/15/24 - Form ARS
- EIX's page on the SEC website