California wildfire legislation sharply increases liability risk for utilities like PG&E (PCG) and Edison International (EIX), triggering major stock selloffs. Shares of fast-fashion giant Shein slide in Hong Kong after long-awaited IPO.
California utility stocks are cratering Monday after state lawmakers advanced an amended wildfire bill over the weekend that omits the liability protections investors had counted on this legislative session.
Edison International preferreds offer yield diversification beyond typical financial sector issuers, appealing to investors comfortable with California-only electric utilities. EIX's preferred stock dividends are well-covered, with $107MM in obligations versus $2.9B in net income, and preferreds constitute just 3.1% of the capital structure. The recent credit rating downgrade from BBB to BB explains higher coupons on new SCE preferred issues, reflecting increased perceived risk.
Investors looking for stocks in the Utility - Electric Power sector might want to consider either Edison International (EIX) or CLP Holdings Ltd. (CLPHY). But which of these two stocks presents investors with the better value opportunity right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
EIX Q2 earnings surge 58.8% and beat estimates by 51%, while revenues decline and miss expectations.
Edison International NYSE: EIX reported second-quarter 2026 core earnings per share of $1.54, compared with $0.97 a year earlier, and reaffirmed its full-year core EPS guidance of $5.90 to $6.20. Year-to-date core EPS totaled $2.97.
Edison International (EIX) Q2 2026 Earnings Call Transcript
Edison International (EIX) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.97 per share a year ago.
EIX's Q2 results are likely to reflect grid investments, rate-case support, rising demand and tighter cost controls.
Edison International (EIX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how Edison International (EIX) and New Jersey Resources (NJR) have performed compared to their sector so far this year.