Edison InternationalNYSE: EIX
Utilities · Electric Utilities
$71.94
+2.30%
Vol: 122K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Edison International completed $500M bond offering and SCE finished 93% of grid hardening in fire risk areasMixed▶
Edison International completed a $500M offering of 5% senior notes due 2028 (priced April 30, closed May 5), while Southern California Edison completed a $500M bond transaction (priced May 4, closed May 7). The company reported Q1 net income of $531M, or $1.38 per share, with core earnings of $546M ($1.42 per share), reaffirming full-year 2026 core EPS guidance of $5.90-$6.20. SCE completed 93% of physical grid hardening in high fire risk areas and offered more than $500M to Eaton Fire claimants through its Wildfire Recovery Compensation Program. JPMorgan raised price target to $76 on May 7 while Truist lowered to $79 on May 15. The company has $40B of planned capital investment over 5 years with 7% annual EPS growth projected. Risk: wildfires remain a significant political and financial risk despite California legislation.
May 20Edison International reaffirms 2026 EPS guidance amid wildfire mitigation progress; Truist cuts PT to $79, JPMorgan raises to $76Mixed▶
Edison International reported Q1 2026 core EPS of $1.42, beating estimates, with revenue of $4.1B and net income of $531M. Management reaffirmed full-year core EPS guidance of $5.90-$6.20. Southern California Edison has completed 93% of physical grid hardening in high-fire-risk areas and offered over $500M to Eaton Fire claimants through its Wildfire Recovery Compensation Program. The company also completed a $499M 5.00% notes offering due 2028, supporting its $38-$41B capital plan without new equity issuance. Truist lowered its PT to $79 on May 15, while JPMorgan raised its PT to $76 on May 7. Wildfire and regulatory risks remain key overhangs.
May 19Southern California Edison exceeds $560M in Eaton Fire compensation offers as 10,000+ claimants seek direct relief.Mixed▶
On May 18, 2026, Southern California Edison announced a major milestone in its Wildfire Recovery Compensation Program, with offers exceeding $560 million and more than 10,000 individuals, trusts, and legal entities (3,300+ claims) seeking direct compensation for Eaton Fire impacts. The program remains open through November 30, 2026, and the company highlighted that SCE has completed 93% of its physical grid hardening work in high fire risk areas. On May 15, Truist lowered its price target to $79 from $82, while JPMorgan raised its target to $76 from $75 on May 7. EIX traded at $69.57 on May 18 with a 4.9% dividend yield and 7.50 P/E ratio. Edison reaffirmed full-year 2026 core EPS guidance of $5.90-$6.20 after Q1 adjusted core EPS of $1.42. Wildfire liability remains the dominant political and financial risk even with state legislative protections.
May 18Edison International posted Q1 2026 core EPS of $1.42 (beat), reaffirmed FY guidance of $5.90-$6.20, and JP Morgan raised PT to $76 (Neutral) on May 15.Positive▶
Edison International reported Q1 2026 sales of $4.1B, net income of $531M and core EPS of $1.42, beating expectations. The company reaffirmed full-year 2026 core EPS guidance of $5.90-$6.20 and signaled it can fund a $38-$41B capex plan plus wildfire mitigation without new common equity issuance. SCE priced a $500M offering of 5.00% senior unsecured notes due 2028 on May 4, closing May 7. JP Morgan analyst Aidan Kelly maintained a Neutral rating on May 15 and raised the price target to $76. EIX closed at $68.93 on May 8 amid attention on wildfire risk and California utility legislative protections.
May 15Edison International rallies on Q1 beat, reaffirmed 2026 EPS guidance and $500M debt offering supporting wildfire mitigationPositive▶
Edison International reported Q1 2026 core EPS of $1.42 (vs. $1.38 GAAP) on April 28, beating expectations and reaffirming full-year core EPS guidance of $5.90-$6.20. On May 4, the company priced a $499.49M 5.00% senior notes offering due 2028, closing May 7, demonstrating ability to fund its $38-41B capital plan and wildfire mitigation without new equity. JPMorgan raised its price target to $75. The stock has held the $68-72 range in May, trading around $68.93 on May 8. Valuation is debated: analysts see roughly 7% undervaluation, while a DCF model values the stock far lower at $37.77. Wildfire risk remains the key overhang on the utility.
May 14Edison International issued $500M in senior notes May 4 alongside SCE $500M offering, after Q1 core EPS of $1.42 beat estimatesMixed▶
Edison International priced $500M senior notes on May 4, 2026, with SCE concurrently issuing $500M to fund grid investments. Q1 core EPS of $1.42 topped the $1.37 prior-year mark, and the company affirmed 2026 guidance. GAAP net income fell to $531M from $1.44B as prior-year wildfire-related items dropped off. Versor Investments cut its EIX stake by 16.4% in Q4. Risks: cash flow pressure and ongoing wildfire/regulatory exposure in California.
May 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 12Edison International beat Q1 2026 with adjusted EPS of $1.42, reaffirmed FY26 core EPS guidance of $5.90-$6.20, and JPMorgan raised its price target to $75.Positive▶
Edison International reported Q1 2026 sales of $4,103 million, net income of $531 million and adjusted core EPS of $1.42, exceeding estimates. The company reaffirmed full-year 2026 core EPS guidance of $5.90-$6.20, signaling confidence in its $38-$41 billion capital plan and wildfire mitigation efforts without issuing new common equity. SCE completed a $499.49 million 5.00% senior notes offering due 2028. JPMorgan raised its price target to $75 reflecting confidence in operational strategies. The stock closed at $68.93 on May 8 with a one-year return of about 30.7%. Risk: California wildfire liability exposure remains an ongoing overhang despite progress on mitigation.
May 11Edison International prices $500M senior notes offering while reaffirming 2026 EPS guidance of $5.90-$6.20Positive▶
Edison International priced a $499.49 million fixed income offering of 5.00% notes due 2028 on May 4, 2026, closing May 7, supporting its $38-$41 billion capital plan and wildfire mitigation efforts without issuing new common equity. The company reaffirmed full-year 2026 core EPS guidance of $5.90-$6.20 with Q1 adjusted core EPS of $1.42 (Q1 net income $531 million or $1.38 GAAP EPS vs $3.73 a year earlier). The stock has climbed over 30% in the past 12 months to around $68.80. JPMorgan raised its price target to $75, reflecting confidence in operations despite wildfire risks. Edison won dismissal of a shareholder lawsuit claiming fraud about wildfire risk reduction before the January 2025 wildfires.
May 8Edison International reaffirmed 2026 core EPS guidance of $5.90-$6.20 on May 8 despite Q1 earnings miss and $500M debt offering.Neutral▶
Edison International reported Q1 2026 results with adjusted core EPS of $1.42 and sales of $4,103 million, reaffirming full-year 2026 core EPS guidance of $5.90-$6.20. The company issued $499.49 million of 5.00% notes due 2028 on May 4, signaling ability to fund $38-$41 billion capital plan and wildfire mitigation without new equity issuance. Southern California Edison offered $500+ million in Eaton Fire compensation. JPMorgan raised price target to $75 from $74 with Neutral rating on May 8. Wildfire liability and regulatory outcomes remain key equity risks. Wall Street consensus shows 7 Buy, 5 Hold, 3 Sell ratings with $78.00 median price target.
May 7Q1 2026 core EPS of $1.42 missed consensus of $1.56; revenue of $4.1B beat estimates; wildfire risk remains analyst concern.Negative▶
Edison International reported Q1 2026 core earnings of $1.42 per share, missing consensus expectations of $1.56, though revenue of $4.1 billion exceeded the $4.07 billion estimate. Net income was $531 million ($1.38 GAAP EPS) versus $1,436 million in Q1 2025. The board declared a quarterly dividend of $0.8775 per share. Analyst concerns persist around wildfire liabilities and the need for regulatory reforms. UBS reiterated Neutral rating with $78 price target.
May 6Edison International beats Q1 with strong guidance and 5-7% EPS growth target through 2030Positive▶
Edison International reported Q1 2026 adjusted EPS of $1.42, beating estimates, with 2026 core EPS guidance of $5.90-$6.20. The company projects $38-41B capital spending from 2026-2030 with approximately 7% annual rate base growth. Southern California Edison highlighted over 7,110 miles of covered conductor installed and 93% completion of grid hardening in high fire risk areas. JPMorgan raised the price target to $75 from $74 with a Neutral rating, while analyst Ryan Levine of Citi assigned a Buy rating with a price target of $86. Downward revisions from analysts reflect concerns over wildfire liability reforms in California.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EIXEDISON | $71.94 | +2.30% | +2.8% | 10.8x | 0.68 | $27.1B |
| SOSOUTHERN | $93.62 | -0.66% | +0.6% | 19.2x | 0.36 | $106.2B |
| CEGCONSTELLATION | $260.28 | -8.94% | +9.1% | 21.1x | 1.16 | $103.2B |
| DUKDUKE | $124.93 | +0.22% | +1.5% | 17.4x | 0.40 | $97.2B |
| AEPAMERICAN | $128.54 | -0.83% | +1.5% | 18.9x | 0.55 | $70.5B |
| ETRENTERGY | $110.28 | -1.77% | +2.5% | 22.3x | 0.53 | $51.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.