Edison International's stock surged 5.04% intraday on Thursday, reflecting strong investor sentiment following positive analyst actions and a detailed business update from the company.
The utility company published a comprehensive investor presentation outlining its strategic focus on grid modernization, reliability, and electrification. The presentation highlighted a significant $38–$41 billion electric infrastructure investment opportunity at its subsidiary Southern California Edison for the 2026–2030 period. It also detailed California regulatory mechanisms supporting revenue stability and provided updates on wildfire mitigation efforts, including expanded covered conductor projects and vegetation management.
Concurrently, several major financial institutions raised their price targets on the stock. Barclays increased its target to $78 from $67 while maintaining an Overweight rating, Mizuho lifted its target to $79 from $66 with an Outperform rating, and Bank of America Securities reiterated a Buy rating with an $80 price target. These analyst actions, coupled with the company's outlined growth strategy, fueled the stock's upward movement.
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