Edison International (EIX)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$56.77+0.83%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
Broken: Primary pillar broken — Execute $28-29 billion capital plan through 2028: FY2030 CAPEX $38.0B-$41.0B vs $28B-$29B target.
Edison International grows earnings steadily with a 5-7% EPS target. The company plans $28-29 billion in capital spending through 2028. Its stock trades cheaply at a PE of 11.5 versus peers at 24.4. Recent earnings beats show operational strength.
Growth may slow as sector faces headwinds and EPS progress is mixed. Free cash flow is negative, which could pressure capital plans. The stock’s fragile quality rating warns of risks.
The price is about 17% below our fair value near $90. Analysts expect modest 1.3% revenue growth, which we view as conservative given management’s EPS growth target.
Breaks if: Capital spending falls below $28B by 2028
Breaks if: EPS falls below $5.90 in FY2026
Breaks if: PE rises above 20 without EPS growth
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
EIX represents a utility investment with a focus on stability and growth. The current thesis state is weakened due to recent financial performance dropping within its industry, indicating a more fragile outlook.
The market currently prices EIX as cheap compared to its peers, reflecting a justified valuation despite the recent challenges. There is an expectations gap, suggesting that the market anticipates lower performance than previously expected.
Management is on track with wildfire mitigation and reaffirming core EPS growth targets of 5-7% through 2030. However, recent changes in risk levels and earnings surprises trending down indicate potential near-term challenges.
The thesis hinges on EIX's ability to maintain guidance in the upcoming earnings call and the broader utilities sector performance, particularly if key peers continue to exceed expectations. Additionally, any shifts in Federal Reserve interest rates could impact the stock positively or negatively.
The most important moves since the prior daily snapshot.
Our read has weakened. It is challenged by eix: a sharp drop may be repricing the thesis. It is supported by the latest earnings beat.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Over the next 1-3 years, EIX's performance will depend on management execution and external sector factors. Not investment advice.