|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.78 - 50.38|
|52 Week Range||47.37 - 57.23|
|PE Ratio (TTM)||8.28|
|Expense Ratio (net)||0.14%|
On March 9, Wall Street marked the nine-year anniversary of the long-term bullish uptrend we are currently in and, let’s face it, there has been a lot to celebrate. While there have been a few volatile periods during this nine-year run, most of this bullish uptrend has been characterized by steady spans of uninterrupted bullish moves higher.
US utilities have witnessed severe headwinds in revenue growth due to increasing energy efficiency programs. California is the front-runner in the country in energy efficiency initiatives. The state aims to double its energy efficiency programs by 2030, which will likely dent utilities’ traditional electric operations.
California wildfires in 4Q17 changed the landscape for utilities in the state. The rage burned Edison International (EIX), the smallest of the three main utilities in California, as well. California’s current law considers a utility at fault even if it complies with all the safety norms, and the utility is liable to pay for damages. According to industry experts, the liability damages might be large enough to end up bankrupting these utilities.
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