Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



Edison International stock plummets as wildfires leave 70,000 Southern Californians without power

January 10, 2025
Shares of California utility Edison International dropped by 10% today as wildfires continue to rage across Southern California, leaving an estimated 70,000 customers without power.
The wildfires have posed a significant challenge for the company as it works to restore electricity to impacted areas.

According to a report from Yahoo Finance, Edison International is currently facing power outages affecting approximately 413,000 customers due to the wildfires. This crisis has put the company under immense pressure, with investors growing concerned about the long-term financial impact.

In response to the ongoing wildfire crisis, Edison International has provided an update on the situation and the efforts being made to restore power. The company is working closely with local authorities and emergency responders to ensure the safety and well-being of the affected communities.

While the wildfires have caused a drop in Edison International's stock value, it is important to note that this presents a potential buying opportunity for investors. Stocks Prognosis, a team of professionals specializing in market forecasts, recommends considering the purchase of EIX stocks to take advantage of the current situation and the eventual rebound that is expected.

As the wildfires are brought under control and power is restored to the impacted areas, Edison International is likely to experience a recovery in stock value. It is crucial for investors to stay informed and rely on the expertise of professionals like Stocks Prognosis to make informed decisions in volatile market conditions.

Find out how the EDISON INTERNATIONAL rate is expected to change

Get Forecast for EIX

Investor opinions & comments:

I see this as a temporary setback for Edison International, and it will likely recover
— from InvestorIsabella at 01-13-2025 19:08
I trust Stocks Prognosis's analysis and will seriously consider their recommendation
— from RiskyRandy at 01-13-2025 18:07
It's comforting to know that Edison International is prioritizing the safety of affected communities
— from MoneyMartha at 01-13-2025 17:30
I think this temporary drop in stock value could lead to a profitable investment
— from InvestorIshmael at 01-13-2025 12:51
I'm not sure if the wildfires will have a long-term impact on Edison International's finances
— from InvestorIan at 01-13-2025 07:11
I'm hopeful that Edison International's efforts will lead to a swift restoration of power
— from WealthyWill at 01-12-2025 22:52
There's still uncertainty regarding how quickly power can be restored in the affected areas
— from DividendDiane at 01-12-2025 09:37
This is a good reminder to stay informed and rely on expert advice when investing
— from ZoeRoss at 01-12-2025 03:03
I'm concerned about the potential costs Edison International will incur for restoring power
— from FinanceFinn at 01-12-2025 02:15
It's reassuring to know that Edison International is actively working to restore power
— from MoneyMia at 01-11-2025 12:37
I'm definitely considering purchasing some EIX stocks now
— from JoshuaAdams at 01-11-2025 10:37
This is a great opportunity to buy Edison International stocks at a discounted price
— from InvestorTom at 01-11-2025 09:27
I believe Edison International will recover once the wildfires are under control
— from WealthyWill at 01-10-2025 20:51
I'm confident that Edison International will overcome this crisis and bounce back
— from ProfitPiper at 01-10-2025 20:39
I'm optimistic about the eventual rebound in Edison International's stock value
— from WyattRiley at 01-10-2025 20:07
If you want to leave a comment, then you need Login or Register





Other news for EIX

EIXMarch 22, 2025Edison International EIX: Among Top Dividend Contenders List  ~1 min.

Edison International (EIX) has been recognized as one of the top dividend contenders on Yahoo Finance's prestigious list....

EIXMarch 20, 2025Edison International: A Rising Star in the Energy Sector  ~2 min.

If you are a savvy investor looking for promising stocks in the energy sector, then Edison International (EIX) should be on your radar....

EIXMarch 18, 2025Edison International EIX: Hedge Funds Are Bullish On This Oversold Blue Chip Stock Now  ~2 min.

Edison International (EIX), a leading electricity company based in California, is currently attracting the attention of hedge funds due to its oversold status....

EIXMarch 15, 2025Edison International Launches Comprehensive Eaton Fire Investigation  ~1 min.

Edison International has announced the launch of a comprehensive investigation into the recent Eaton Fire....

EIXFebruary 26, 2025Robbins LLP Reminds EIX Investors with Large Losses that Edison International is Being Sued by Stockholders  ~1 min.

Edison International, the parent company of Southern California Edison, is currently facing a lawsuit filed by stockholders....



Related news

EIXJanuary 25, 2025Wildfires Leave 70,000 Southern Californians Without Power: Edison International Stock Plummets  ~2 min.

EDISON ALERT: Bragar Eagel Squire P.C. is Investigating Edison International on Behalf of Edison Stockholders and Encourages Investors to Contact the Firm....

SOFebruary 15, 2025Southern Company’s Renewable Energy Subsidiary Acquires Solar Power Project in California  ~1 min.

Southern Company's subsidiary for renewable energy, Southern Power, has recently acquired a solar power project named California Solar Portfolio in the state of California....

EIXFebruary 9, 2025Edison International Faces Potential Lawsuits in Light of California Wildfires  ~1 min.

Edison International (NYSE: EIX) is currently facing potential lawsuits in relation to the devastating wildfires that occurred in California....

EIXJanuary 9, 2025Edison International Faces Challenges Amid California Wildfire Crisis  ~1 min.

Shares of California utility Edison International have dropped 10% as devastating wildfires continue to rage across the state....

AWKFebruary 10, 2025California American Water Completes 4.5 Million Los Angeles Water System Upgrades  ~1 min.

California American Water, a subsidiary of AWK American Water Works Company, Inc., has successfully completed a major upgrade to the Los Angeles water system, investing a total of $4.5 million....