California wildfires send power company Edison International's stock falling

Dow Jones

2025/01/10

MW California wildfires send power company Edison International's stock falling

By Steve Gelsi

Power company's share price continues its slide after losing 13% this week

Investors continued to bid down the stock price of California-based power company Edison International Inc. on Friday as wildfires continued to rage in the Los Angeles area.

Edison International's stock $(EIX)$ was down an additional 2.7% in premarket trading on Friday.

As of Thursday's close, Edison International's stock had fallen 12.9% this week, after wildfires broke out in the region on Tuesday and worsened on Wednesday amid high winds.

Edison International, which owns the utility Southern California Edison, or SCE, said as of Thursday morning that 327,654 customers were without power.

The company will likely face questions over whether any of its power lines may have contributed to the fires. No officials have made any statements on this issue.

Wall Street had a similar reaction to Hawaiian Electric Industries Inc.'s stock $(HE)$ last year when wildfires broke out in Maui.

Prior to the Hawaii fires, Hawaiian Electric's stock plunged after falling from nearly $40 a share. It has been around $10 per share since the fires, and closed Wednesday at $8.91 per share.

Also read: L.A. wildfires have caused more than $135 billion in economic losses - and counting

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 10, 2025 07:44 ET (12:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 10, 2025 07:44 ET (12:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>California wildfires send power company Edison International's stock falling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCalifornia wildfires send power company Edison International's stock falling\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-01-10 20:44</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW California wildfires send power company Edison International's stock falling\n</p>\n<p>\n  By Steve Gelsi \n</p>\n<p>\n     Power company's share price continues its slide after losing 13% this week \n</p>\n<p>\n     Investors continued to bid down the stock price of California-based power company Edison International Inc. on Friday as wildfires continued to rage in the Los Angeles area. \n</p>\n<p>\n     Edison International's stock <a href=\"https://laohu8.com/S/EIX\">$(EIX)$</a> was down an additional 2.7% in premarket trading on Friday. \n</p>\n<p>\n     As of Thursday's close, Edison International's stock had fallen 12.9% this week, after wildfires broke out in the region on Tuesday and worsened on Wednesday amid high winds. \n</p>\n<p>\n     Edison International, which owns the utility Southern California Edison, or SCE, said as of Thursday morning that 327,654 customers were without power. \n</p>\n<p>\n     The company will likely face questions over whether any of its power lines may have contributed to the fires. No officials have made any statements on this issue. \n</p>\n<p>\n     Wall Street had a similar reaction to Hawaiian Electric Industries Inc.'s stock <a href=\"https://laohu8.com/S/HE\">$(HE)$</a> last year when wildfires broke out in Maui. \n</p>\n<p>\n     Prior to the Hawaii fires, Hawaiian Electric's stock plunged after falling from nearly $40 a share. It has been around $10 per share since the fires, and closed Wednesday at $8.91 per share. \n</p>\n<p>\n     Also read: L.A. wildfires have caused more than $135 billion in economic losses - and counting \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 10, 2025 07:44 ET (12:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502502678","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502502678","pubTimestamp":1736513040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Power company's share price continues its slide after losing 13% this week. Investors continued to bid down the stock price of California-based power company Edison International Inc. on Friday as wildfires continued to rage in the Los Angeles area.Edison International's stock  was down an additional 2.7% in premarket trading on Friday.As of Thursday's close, Edison International's stock had fallen 12.9% this week, after wildfires broke out in the region on Tuesday and worsened on Wednesday amid high winds.Edison International, which owns the utility Southern California Edison, or SCE, said as of Thursday morning that 327,654 customers were without power.The company will likely face questions over whether any of its power lines may have contributed to the fires. 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No officials have made any statements on this issue. \n\n\n     Wall Street had a similar reaction to Hawaiian Electric Industries Inc.'s stock $(HE)$ last year when wildfires broke out in Maui. \n\n\n     Prior to the Hawaii fires, Hawaiian Electric's stock plunged after falling from nearly $40 a share. It has been around $10 per share since the fires, and closed Wednesday at $8.91 per share. \n\n\n     Also read: L.A. wildfires have caused more than $135 billion in economic losses - and counting \n\n\n     -Steve Gelsi \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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