AllAnalyst Report
logoArgusMarch 12, 2024

Edison International: Raising target to $78

Symbols
EIX
Sector(s)
Utilities
Rating
Current Price
$70.14
Price Target
Earnings Estimate
Summary

Edison International is an electricity generation, distribution, and wholesale utility in Southern California. About 20% of sales are from owned generation. EIX is a leader in renewable energy and does not use coal in its fuel mix (which includes natural gas 25%; wind, 10%; solar, 18%; hydro, 5%; and Geothermal 6%). It has two subsidiaries: Southern California Edison (SCE), an electric utility serving 15 million people in Southern California (excluding San Diego and Los Angeles), and Edison Energy, an energy and sustainability advisory company that provides data to commercial and industrial users. SCE has about five million customer accounts in Central and Coastal Southern California. Its service area is about 50,000 square miles and the subsidiary typically accounts for about 99% of overall revenue. Edison has had litigation issues. It recently settled a range of claims, including $52 millio

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