Edison International (EIX) Price

The P/E ratio of Edison International is 13.4841

Dr. Pedro Pizarro is the President of Edison International, joining the firm since 2011.

The current price of EIX is $55.61, it has increased 0.02% in the last trading day.

Edison International belongs to Utilities industry and the sector is Utilities

Edison International's current market cap is $21.4B

According to wall street analysts, 16 analysts have made analyst ratings for Edison International, including 5 strong buy, 8 buy, 6 hold, 2 sell, and 5 strong sell

Alright, anon, looking at a utility stock. Taking a break from chasing 100x meme coins, are we? Edison International (EIX) is seeing a slight move up today, not because of some degen catalyst, but due to a slow burn of good news. The big alpha is California's plan to beef up its wildfire fund, which significantly de-risks the stock from its biggest financial threat.

The stock is up about 0.69% today, which for a utility company is basically a rocket launch. Here’s the breakdown of what’s actually going on.

• The Main Catalyst: Wildfire Fund Boost The most significant driver here is the recent news that California plans to add $18 billion to its Wildfire Fund. This is huge for EIX. Wildfire liability has been the single biggest risk hanging over the stock, and this state-level support helps insulate the company from potentially catastrophic costs. This fundamentally improves the risk/reward profile for investors.

• Company-Specific News Edison's subsidiary, Southern California Edison (SCE), also just announced it's creating a compensation program for victims of the Eaton Fire. This is seen as a proactive and responsible move to manage its liabilities, which the market generally rewards. It shows they're trying to get ahead of legal battles instead of letting them fester.

• Technical Levels to Watch From a technical standpoint, EIX is in a bit of a tug-of-war.

  • Price: The stock is currently trading around $55.56.
  • Support: It's sitting just above a daily support level at $55.32. Holding this level is key for any further upside. If it breaks below, the next major support is down at $51.66.
  • Indicators: The overall daily technical signal is a boring "neutral". On the hourly chart, the MACD is showing bearish momentum, and the price is trading below its 50-hour moving average, suggesting the current upward push is weak.

• Sentiment & Outlook

  • Analyst Consensus: Wall Street remains pretty bullish. The consensus rating is a "BUY," with 13 out of 21 analysts giving it a buy or strong buy rating. The mean price target is around $68.60, which implies a potential upside of over 20% from the current price.
  • Recent Commentary: Recent articles have highlighted EIX as a "safer" dividend stock and noted its outperformance against the S&P 500, adding to the positive narrative.

So, while the stock is moving, it's more of a slow grind up based on improving fundamentals rather than a sharp, news-driven spike. Don't expect a pump and dump here, bro. This is a boomer stock, you might actually have to hold it for more than a day.