Edison International (EIX) Faces Wildfire Challenges but Retains Long-Term Appeal
Edison International (NYSE:EIX) is included among the 10 Best Beaten Down Dividend Stocks to Buy Right Now.
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Edison International (NYSE:EIX) is among the beaten-down dividend stocks to invest in. The stock has declined by over 29% since the start of 2025.
Edison International (NYSE:EIX), based in California, operates as an energy holding company that provides clean and reliable electricity as well as related services through its main subsidiaries, Southern California Edison Company (SCE) and Trio. The company faced a challenging start to the year, as a series of wildfires in California put pressure on its stock. Southern California Edison, which supplies power to the greater Los Angeles area, has been at the center of this issue.
At the end of July, Edison International (NYSE:EIX) reported lower second-quarter earnings, citing increased operating costs and ongoing investigations tied to the Los Angeles wildfires. The January fires burned tens of thousands of acres, marking what could be the most expensive natural disaster in US history, and drawing heightened scrutiny toward the region’s utility providers.
Even so, analysts remain cautiously optimistic. On October 16, TD Cowen began coverage on Edison International (NYSE:EIX) with a Buy rating and a price target of $71.00, suggesting a potential upside of about 25% from its current level.
In addition to its growth prospects, Edison International (NYSE:EIX) is recognized as a reliable dividend payer, having increased its dividend for 21 consecutive years. The company offers a quarterly dividend of $0.8275 per share and has a dividend yield of 5.84%, as of October 16.
While we acknowledge the potential of EIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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