On September 2, Edison declined 5.97% in regular trading, trading at $55.1 USD/share, with turnover of $19.4 million. The stock had briefly rebounded over 6% earlier in the session but reversed sharply, as selling pressure from California's SB 492 wildfire legislation and a wave of analyst downgrades continued to weigh on shares following a 22%-plus plunge on August 31.

BofA Securities downgraded Edison to neutral from buy and slashed its price target to $51 from $81, noting that SB 492 does not limit insurance subrogation, cap utility liabilities, or reform inverse condemnation. BofA warned that broader regulatory reforms may be delayed until a new governor and legislature revisit these issues, potentially pushing the timeline into next year. Separately, Ladenburg Thalmann cut its target to $50 from $69.50 while maintaining a sell rating, and Mizuho downgraded the stock to neutral with a $70 target.

Within the Electric Utilities sector, PG&E Corp fell 5.23%, Southern declined 0.71%, Oklo Inc. dropped 1.43%, NextEra lost 0.9%, and Constellation Energy Corp slipped 0.31%, reflecting broad sector weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)