Edison International ($EIX) Stock Forecast: Down 2.2% Today

What is Edison International?

EIX is the stock symbol for Edison International, a company that operates as a public utility holding company. They provide electric service to approximately 15 million people in California.

Why is Edison International going down?

EIX stock is down 2.2% on Nov 30, 2023 14:15

• The bearish movement in EIX today could be attributed to the following factors:
• 1. Market Fluctuations: The article mentions that markets have been fluctuating due to economic news and stock prices. This volatility could have influenced the bearish movement in EIX.
• 2. Clean Energy Transition: an article from Finanz Nachrichten highlights Edison International's Mobile Education Unit program, which focuses on clean energy education in rural communities. While this initiative is positive for the company's long-term growth potential, it may not have an immediate impact on the stock's performance, leading to the bearish movement.
• 3. Decarbonization Goals: an article from Finanz Nachrichten discusses California's decarbonization goals and the need for bold actions to achieve them. While Edison International plays a role in this transition, the market may have reacted negatively to the challenges and uncertainties associated with meeting these goals, contributing to the bearish movement.
• Overall, the bearish movement in EIX today could be influenced by market fluctuations, the lack of immediate impact from clean energy initiatives, and concerns about meeting decarbonization goals.

EIX Price Chart

EIX Technical Analysis

EIX News

What Are the Top Stocks to Buy Right Now? 7 Picks.

If you’re like millions of other retail investors, you’ve got whiplash from the past few months. Markets fluctuated as traders assessed economic news, consumer sentiment and stock prices. While that’s brought many undervalued stocks back to where they arguably belong, just as many losers are spiking back into overvalued territory.  If you want to capture long-term upside and maintain a degree of stability, don’t flock to yesterday’s high-flying growth stocks. In a “higher for longer” era, financials are paramount, and unprofitable companies won’t retain recent gains for long. Instead, top stocks include those that have viable growth potential alongside financial standing to protect against temporary economic turbulence.

https://investorplace.com/2023/11/what-are-the-top-stocks-to-buy-right-now-7-picks/

Edison International: Taking Clean Energy Education on the Road

NORTHAMPTON, MA / ACCESSWIRE / November 29, 2023 / Edison InternationalSCE''s Mobile Education Unit program helps rural communities participate in the clean energy transition.Energized by EdisonAs w…

https://www.finanznachrichten.de/nachrichten-2023-11/60794106-edison-international-taking-clean-energy-education-on-the-road-200.htm

Edison International: Countdown to 2045: Realizing California''s Pathway to Net Zero

For California to achieve its updated decarbonization goals by 2045 and meet electricity demand projected to rise by 80%, we need bold actions.NORTHAMPTON, MA / ACCESSWIRE / November 27, 2023 / Edi…

https://www.finanznachrichten.de/nachrichten-2023-11/60769722-edison-international-countdown-to-2045-realizing-california-s-pathway-to-net-zero-200.htm

Trending Today

Toncoin ($TON) Crypto Forecast: Up 6.6% Today

Chainlink ($LINK) Crypto Forecast: Up 8.6% Today

Avalanche ($AVAX) Crypto Forecast: Up 7.2% Today

Hedera Hashgraph ($HBAR) Crypto Forecast: Up 5.1% Today

Ethereum ($ETH) Crypto Forecast: Up 5.2% Today

Fetch.ai ($FET) Crypto Forecast: Up 6.9% Today

Render ($RENDER) Crypto Forecast: Up 11.4% Today

XRP ($XRP) Crypto Forecast: Up 5.5% Today

Bitcoin ($BTC) Crypto Forecast: Up 5.0% Today

Arbitrum ($ARB) Crypto Forecast: Up 6.5% Today

Edison International Price History

07.09.2023 - EIX Stock was up 5.3%

• The bullish movement of EIX could be attributed to the positive assessment of its performance in the Electric Utilities industry, as mentioned in an article from Benzinga.
• The lawsuits filed against Southern California Edison by Orange County may have had a positive impact on EIX's stock, indicating a potential resolution or favorable outcome for the company, as mentioned in an article from TipRanks.
• The comparison between EIX and EONGY in an article from Zacks Commentary may have highlighted EIX as the better value option, leading to increased investor interest and a bullish market movement.
• The purchase of EIX shares by CFS Investment Advisory Services LLC, as mentioned in an article from EIN News Investing, could have also contributed to the bullish movement, indicating confidence in the company's potential.

14.10.2023 - EIX Stock was up 5.1%

• The partnership between Edison International and the Port of Long Beach to drive towards a zero-emissions future could have positively impacted the stock, as it aligns with the growing focus on sustainability and clean energy.
• The request made by BP, Shell, and Edison International for US and EU intervention in their dispute with Venture Global LNG may have caused some uncertainty in the market, but it does not seem to have significantly affected the bullish movement of EIX.
• The attention gained by Edison International shares due to strong EPS growth could have contributed to the bullish market movement, as investors may be optimistic about the company's financial performance.
• The company's commitment to diversity, equity, and inclusion, as highlighted in their recent report, may have also resonated positively with investors, further supporting the bullish trend.

02.10.2023 - EIX Stock was up 5.1%

• The bullish movement in EIX stock today can be attributed to the following factors:
• 1. Strong Q3 Earnings: Edison International reported earnings of $155 million in Q3, a significant improvement compared to a loss of $128 million in the same period last year. This positive earnings result likely boosted investor confidence and contributed to the bullish movement.
• 2. Mitigation Efforts: The article mentions that Edison International is actively working on wildfire mitigation strategies. This indicates that the company is taking proactive measures to address the risk of wildfires, which could have reassured investors and positively impacted the stock.
• 3. Long-Term Growth Outlook: Despite the earnings miss and revenue shortfall in Q3, Edison International reaffirmed its EPS guidance and long-term growth prospects. This reaffirmation of future growth potential might have instilled optimism among investors, leading to the bullish market movement.
• Overall, the strong Q3 earnings, the company's efforts in wildfire mitigation, and the positive long-term growth outlook likely contributed to the bullish movement in EIX stock today.

30.10.2023 - EIX Stock was down 2.2%

• The bearish movement in EIX today could be attributed to the following factors:
• 1. Market Fluctuations: The article mentions that markets have been fluctuating due to economic news and stock prices. This volatility could have influenced the bearish movement in EIX.
• 2. Clean Energy Transition: an article from Finanz Nachrichten highlights Edison International's Mobile Education Unit program, which focuses on clean energy education in rural communities. While this initiative is positive for the company's long-term growth potential, it may not have an immediate impact on the stock's performance, leading to the bearish movement.
• 3. Decarbonization Goals: an article from Finanz Nachrichten discusses California's decarbonization goals and the need for bold actions to achieve them. While Edison International plays a role in this transition, the market may have reacted negatively to the challenges and uncertainties associated with meeting these goals, contributing to the bearish movement.
• Overall, the bearish movement in EIX today could be influenced by market fluctuations, the lack of immediate impact from clean energy initiatives, and concerns about meeting decarbonization goals.