Edison International

NYSE: EIX
$68.63
-$0.21 (-0.3%)
Closing price April 12, 2024
Edison International is a powerhouse in the energy sector, primarily focused on lighting up Southern California. With a history dating back to 1886, this company plays a crucial role in generating and distributing electricity across a vast 50,000 square mile area. It serves a diverse mix of customers, including homes, businesses, and public authorities, through an extensive network of transmission and distribution lines. Based in Rosemead, California, Edison International ensures that its region stays powered with both overhead and underground lines, alongside numerous substations.
SunTrust Robinson Humphrey has previewed earnings for the electric utilities, and the firm sees upside in several companies.
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One of the best sectors to own when things get bad is utilities. Regardless of how the economy fares, nobody goes without electricity.
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Some wildfires currently raging in California may have been sparked by equipment owned by two of the state's largest electric utilities, PG&E and Edison International.
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