Edison International (EIX)

Edison International's stock price has been significantly impacted by wildfire-related concerns. In January 2025, the stock price fell dramatically following California wildfires. On October 2, 2025, Jefferies downgraded Edison International from "Buy" to "Hold," reducing its price target due to heightened wildfire-related risks. In May 2025, Fitch Ratings placed Edison International and Southern California Edison on a "Rating Watch Negative" because of ongoing high wildfire risk. Despite these challenges, Edison International's Board approved an increase in the annual dividend for the 21st consecutive year in December 2024. As of September 30, 2025, the share price was $55.28, a 36.99% decline from October 1, 2024.

The demand for Edison International's electricity is influenced by seasonality, with higher demand expected during extreme weather conditions, such as hot summers and cold winters. Given SCE's service area in Southern, Central, and Coastal California, electricity demand is likely higher during warmer months. The company focuses on energy efficiency programs and demand response initiatives to manage peak demand. Edison Energy's advisory services might see demand fluctuations based on their clients' operational cycles, which can have seasonal components.

Edison International (EIX) is a public utility holding company based in Rosemead, California, primarily operating in the electric utility sector. Its main subsidiary, Southern California Edison (SCE), is a regulated electric utility that serves approximately 15 million people across 5 million accounts in Southern, Central, and Coastal California. The company provides electricity supply, invests in smart grid technology, offers energy efficiency programs, integrates renewable energy, expands electric vehicle infrastructure, and provides customer support services. Edison International also operates Edison Energy, a global energy advisory company providing strategic solutions to large commercial and industrial clients. The company aims to lead the transformation of the electric power industry toward a clean energy future, focusing on clean energy, efficient electrification, grid modernization, and customer solutions.

Edison International's primary geographic footprint is in California through Southern California Edison (SCE), serving a 50,000-square-mile area across Southern, Central, and Coastal California. Edison Energy has a global reach, providing energy advisory services to commercial and industrial organizations in North America and Europe, operating in over 30 countries.

Edison International's brand reputation has been significantly impacted by its association with California wildfires. The ongoing high wildfire risk and the potential involvement of Southern California Edison (SCE) equipment in the ignition of the Eaton Fire have led to negative rating watches and downgrades from financial institutions. Edison International and SCE have undertaken efforts to rebuild and restore impacted communities and implement wildfire mitigation efforts. Despite these efforts, the persistent threat and actual occurrences of wildfires continue to pose a significant challenge to the company's reputation and financial standing.

Institutional investors hold approximately 89% of Edison International's shares, indicating substantial influence over the company's share price and strategic direction. The largest institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The top 14 shareholders collectively own about 51% of the business. Insider ownership is minimal, accounting for less than 1% of the company's shares.