Edison InternationalNYSE: EIX
Utilities · Electric Utilities
$71.82
+1.30%
Vol: 1.6M
Research Digest
Friday, June 19, 2026
Edison International faces active Eaton Fire litigation with plaintiffs seeking a liability ruling, while the company continues distributing wildfire relief and planning $40B in capex.
Edison International (NYSE: EIX) remains under legal and regulatory pressure from the January 2025 Eaton Fire, with plaintiffs' attorneys having filed a motion asking a judge to rule that Southern California Edison ignited the fire — a development covered by the Los Angeles Times on June 9, 2026. The company has distributed over $650 million in wildfire relief to date, though litigation could take years to resolve and represents a material financial risk. On the operational side, EIX reported Q1 2026 net income of $531 million ($1.38/share) and has outlined $40 billion in planned capital investment over the next five years, projecting 7% average annual EPS growth. The stock trades at ~$72, with 17 analysts averaging a Hold rating and a $74.96 price target. Simply Wall St estimates EIX may be up to 44% undervalued relative to intrinsic value.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 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.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EIXEDISON | $71.82 | +1.30% | +0.3% | 11.6x | 0.65 | $29.1B |
| SOSOUTHERN | $93.26 | +0.78% | +1.3% | 19.9x | 0.33 | $110.5B |
| DUKDUKE | $123.92 | +0.15% | +1.0% | 18.1x | 0.37 | $101.0B |
| CEGCONSTELLATION | $274.07 | +2.58% | -7.7% | 17.6x | 1.12 | $85.4B |
| AEPAMERICAN | $127.69 | -0.45% | +0.4% | 20.2x | 0.50 | $75.4B |
| ETRENTERGY | $111.04 | +0.16% | -1.1% | 22.7x | 0.49 | $53.7B |
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Price above both MAs — bullish structure.