NRG - Edison International: The Risks Are Real For This High-Yielding California Utility
- Edison International is one of the most aggressive electric utilities when it comes to deploying renewable energy due to its presence in California.
- The company is facing fairly high capital spending requirements on wildfire mitigation with no certainty on how it can recover the money.
- Renewables have a lot of growth potential but Edison International is not showing any real interest in growth outside its home territory.
- The company is not too heavily leveraged compared to peers, which is nice.
- The company consistently has a negative free cash flow, creating some risks for the dividend.
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Edison International: The Risks Are Real For This High-Yielding California Utility