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Is Edison International Stock Underperforming the Nasdaq?
Yahoo Finance· 2025-12-08 18:13
Core Insights - Edison International (EIX) is heavily investing in renewable energy, battery storage, electric-vehicle infrastructure, and grid modernization to support long-term decarbonization goals, with a market cap of $22.4 billion [1] Company Overview - EIX is classified as a large-cap stock, with a market cap exceeding $10 billion, indicating its size and influence in the regulated electric utility industry [2] - The company benefits from strong regulatory support, long-term capital programs, and a focus on system safety and reliability, maintaining a competitive advantage in the evolving electric utility landscape [2] Stock Performance - EIX shares have dipped 31.9% below their 52-week high of $84.21, reached on December 9, 2024, and have gained 7.4% over the past three months, underperforming the Nasdaq Composite's 8% rise [3] - Over the past 52 weeks, EIX has fallen 31.8%, significantly lagging behind the Nasdaq's 18.5% increase, and on a year-to-date basis, shares are down 28.3% compared to Nasdaq's 21.9% return [4] Financial Performance - On October 28, EIX reported a better-than-expected Q3 adjusted EPS of $2.34, a 55% increase from the same period last year, driven by higher revenue from the 2025 GRC final decision [5] - Despite the strong profitability, shares fell 1.2% in the following trading session due to an increase in core loss per share attributed to higher interest expenses, and EIX lowered its fiscal 2025 core EPS guidance to a range of $5.95 to $6.20 [5] Competitive Position - EIX has underperformed compared to its rival, PG&E Corporation (PCG), which declined 25.6% over the past 52 weeks and 25% on a year-to-date basis [6]