- Edison International's operating income and net income both declined YOY, which is the exact opposite of what we typically expect from a utility company.
- This was largely due to a one-off non-cash charge and does not accurately reflect the performance of the company's underlying operations.
- Edison International plans to aggressively continue its growth trajectory by making significant capital investments between now and the end of 2025.
- The company has been devoting a great deal of effort towards reducing the risk that it could cause a wildfire, which is a very good idea.
- The company is somewhat riskier than its peers in other states, yet the stock trades at a premium. It might make sense to wait for it to drop down a bit.
For further details see:
Edison International: Reasonable Performance But Too Expensive Given Risks