Edison International Growth Supported by Electric Vehicle Adoption, Ongoing Electrification in California, RBC Says

MT Newswires Live09-17 00:01

Edison International (EIX) is expected to achieve 5% to 7% growth in core earnings per share through 2028, supported by key growth drivers such as electric vehicle adoption and ongoing electrification in California, RBC Capital Markets said in a note Monday.

The company plans additional investments in advanced metering infrastructure and NextGen ERP, which could push its rate base growth to the higher end of the guided range, the investment firm said.

Edison benefits from California's clean energy policies. The company's subsidiary, Southern California Edison, has the potential to sustain significant annual capital spending due to its wildfire mitigation efforts and grid investment, RBC said.

RBC maintained an outperform rating on Edison with a price target of $94.

Price: 86.06, Change: +0.64, Percent Change: +0.75

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2468784270?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-17 00:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468784270","market":"sh","top_or_hot":-1,"title":"Edison International Growth Supported by Electric Vehicle Adoption, Ongoing Electrification in California, RBC Says","media":"MT Newswires Live","content":"<html><body><p> Edison International (EIX) is expected to achieve 5% to 7% growth in core earnings per share through 2028, supported by key growth drivers such as electric vehicle adoption and ongoing electrification in California, RBC Capital Markets said in a note Monday.</p><p>The company plans additional investments in advanced metering infrastructure and NextGen ERP, which could push its rate base growth to the higher end of the guided range, the investment firm said.</p><p>Edison benefits from California's clean energy policies. The company's subsidiary, Southern California Edison, has the potential to sustain significant annual capital spending due to its wildfire mitigation efforts and grid investment, RBC said.</p><p>RBC maintained an outperform rating on Edison with a price target of $94.</p><p>Price: 86.06, Change: +0.64, Percent Change: +0.75</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Edison International Growth Supported by Electric Vehicle Adoption, Ongoing Electrification in California, RBC Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEdison International Growth Supported by Electric Vehicle Adoption, Ongoing Electrification in California, RBC Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 00:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Edison International (EIX) is expected to achieve 5% to 7% growth in core earnings per share through 2028, supported by key growth drivers such as electric vehicle adoption and ongoing electrification...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2468784270","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468784270","pubTimestamp":1726502486,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Edison International  is expected to achieve 5% to 7% growth in core earnings per share through 2028, supported by key growth drivers such as electric vehicle adoption and ongoing electrification in California, RBC Capital Markets said in a note Monday.The company plans additional investments in advanced metering infrastructure and NextGen ERP, which could push its rate base growth to the higher end of the guided range, the investment firm said.Edison benefits from California's clean energy policies. The company's subsidiary, Southern California Edison, has the potential to sustain significant annual capital spending due to its wildfire mitigation efforts and grid investment, RBC said.RBC maintained an outperform rating on Edison with a price target of $94.Price: 86.06, Change: +0.64, Percent Change: +0.75","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","EIX":"爱迪生国际","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","BK4588":"碎股","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2449327464.USD":"HSBC GIF GLOBAL INFRASTRUCTURE EQUITY \"AC\" (USD) ACC","BK4081":"电力公用事业","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus"},"translate_title":"加拿大皇家银行表示，电动汽车的采用和加州持续的电气化支撑了爱迪生国际的增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EIX":1},"content_text":"Edison International (EIX) is expected to achieve 5% to 7% growth in core earnings per share through 2028, supported by key growth drivers such as electric vehicle adoption and ongoing electrification in California, RBC Capital Markets said in a note Monday.The company plans additional investments in advanced metering infrastructure and NextGen ERP, which could push its rate base growth to the higher end of the guided range, the investment firm said.Edison benefits from California's clean energy policies. The company's subsidiary, Southern California Edison, has the potential to sustain significant annual capital spending due to its wildfire mitigation efforts and grid investment, RBC said.RBC maintained an outperform rating on Edison with a price target of $94.Price: 86.06, Change: +0.64, Percent Change: +0.75","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468784270"}