Edison International ranks third on the list of 10 Cheap Utility Stocks to Buy According to Hedge Funds. The company’s utility arm, Southern California Edison, is focusing on wildfire mitigation, electrification, and grid modernization to align with California’s clean energy goals.
Edison International has launched a Wildfire Recovery Compensation Program for victims of the Eaton Fire, offering expedited compensation for structure loss, business disruption, injury, and related damages. The company is undergrounding distribution lines, deploying automation technology, and supporting California Senate Bill 254 for wildfire prevention and renewable energy integration.
With the highest EV penetration among California utilities, Edison International is playing a crucial role in the state’s clean transportation shift. The company’s investments in EV infrastructure and renewables integration highlight its strategic importance in advancing California’s sustainability agenda.
UBS maintains a Buy rating and $70 price target for Edison International, citing the company’s leadership in EV deployment. The company’s proactive approach to wildfire mitigation, electrification, and grid modernization positions it well for future growth in the clean energy sector.
Read more at Yahoo Finance: Edison International (EIX) Launches Wildfire Compensation Program for Eaton Fire Victims