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EIX · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Edison International (EIX) stock moving?
EIX closed at $60.20 on Nov 10, up about 4% from $57.90 on Oct 22, after peaking at $61.48 close on Nov 4 and an intraday high of $62.42 on Nov 5. The stock then slipped to $59.37 on Nov 6 and has held near $60 since. Q3 2026 adjusted EPS of $1.92 beat the $1.81 estimate, but revenue of $4.886B missed the $5.359B estimate. The company affirmed FY2026 adjusted EPS guidance of $5.90-$6.20, which sits below the $6.13 consensus, and lowered GAAP EPS guidance to $5.66-$5.96 from $5.70-$6.00. Analyst reactions are mixed: Goldman raised its target to $69, UBS to $62 and Barclays to $58, while Mizuho cut to $63 and Wells Fargo kept an Underweight with a $59 target. The average of these five targets is about $62.2, roughly 3% above the last close. Trading volume was elevated around the Oct 29 results and the Nov 4-5 analyst moves (about 3.4-4.4M shares), and has eased to about 2.4M in the last two sessions, below the 14-day average of roughly 3.2M. The 8-K and 10-Q excerpts provided contain no additional figures beyond the earnings release, so the outlook rests on the guidance and analyst revisions.
News behind the analysis
- Goldman Sachs Adjusts Edison International Price Target to $69 From $67Goldman Sachs raised its price target on Edison International to $69 from $67.
- Mizuho Securities Adjusts Edison International Price Target to $63 From $70Mizuho Securities cut its price target on Edison International to $63 from $70.
- Wells Fargo Maintains Underweight on Edison International, Lowers Price Target to $59Wells Fargo kept its Underweight rating on Edison International and lowered its price target to $59.
- UBS Adjusts Edison International Price TargetUBS raised its price target on Edison International to $62 from $57 and kept a Neutral rating.
- Barclays Maintains Equal-Weight on Edison International, Raises Price Target to $58Barclays kept an Equal-Weight rating on Edison International and raised its price target to $58.
- Edison International Reports Q3 2026 Financial ResultsQ3 2026 adjusted EPS of $1.92 beat expectations, while revenue of $4.89 billion fell short of estimates.
- Edison International Lowers FY2026 GAAP EPS Guidance from $5.70-$6.00 to $5.66-$5.96 vs $5.99 EstEdison cut its FY2026 GAAP EPS guidance to $5.66-$5.96, slightly below the $5.99 estimate.
- Edison International Affirms FY2026 Adj EPS Guidance of $5.90-$6.20 vs $6.13 EstEdison affirmed its FY2026 adjusted EPS guidance of $5.90-$6.20, below the $6.13 estimate.
- Edison Intl Q3 Adj. EPS $1.92 Beats $1.81 Estimate, Sales $4.886B Miss $5.359B EstimateEdison beat on Q3 adjusted EPS at $1.92 versus $1.81 expected but missed on sales at $4.886B versus $5.359B expected.
About Edison International
Edison International is a holding company based in Rosemead, California. Its main business is Southern California Edison, a regulated utility that supplies electricity to about 15 million people across Southern, Central and Coastal California. What sets it apart from most utilities is how much California wildfire risk and liability shapes the company and its stock.
How it makes money
Almost all of its revenue comes from Southern California Edison. The utility charges customers electricity rates that are set by regulators, mainly the California Public Utilities Commission (CPUC) and, for transmission lines, the federal regulator FERC. Those rates are designed to let it recover its costs and earn an allowed return on the money it invests in its grid, known as its rate base. The company plans to spend roughly $38–41 billion on its grid from 2026 to 2030, and it expects its rate base to grow about 7% a year. A much smaller part of the business, Trio (formerly Edison Energy), sells energy and sustainability advice to large organizations. The company has raised its dividend for 22 years in a row and aims to pay out about 45–55% of the utility's core earnings as dividends.
What usually moves EIX
- California wildfire liability and changes to wildfire laws
- CPUC rate case decisions and allowed returns
- Interest rates and the cost of borrowing
- Credit ratings and access to financing
- Grid spending and growth in electricity demand