Edison International stock confronts more than USD 1 billion in wildfire offers

Published on 10/04/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Edison International stock stood at USD 53.89 on October 2, 2026, while Jefferies cut its target from USD 53 to USD 42. Second-quarter EPS reached USD 1.54.

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Edison International stock (ISIN US2810201077) closed at USD 53.89 on the NYSE on October 2, 2026, gaining 0.17 percent on the session. The latest company event puts more than USD 1 billion of Eaton Fire compensation offers at the center of the investment case.

Wildfire offers pass USD 1 billion

According to Edison International on October 1, 2026, Southern California Edison had extended more than USD 1 billion in offers to nearly 7,200 claimants. More than 15,300 individuals, families and businesses had sought compensation, while nearly 80 percent of offers had been accepted.

The figures measure offers and payments through a voluntary program, not a final liability total. By October 1, 2026, more than 3,850 claimants had been paid more than USD 535 million, giving investors a concrete measure of the wildfire cash exposure already moving through the group.

Jefferies cuts target to USD 42

As Markets Insider reported on October 2, 2026, Jefferies downgraded Edison International from Hold to Underperform and cut its price target from USD 53 to USD 42. The firm identified Eaton Fire liability exposure as a central driver for investor sentiment and questioned the chance of a favorable California legislative outcome.

MarketBeat lists a consensus Reduce rating from 14 analysts and an average target of USD 62.45. That target lies 15.9 percent above the October 2 price of USD 53.89, but the USD 42 low target shows how sharply analyst views have diverged.

Q2 earnings beat EPS estimates

MarketBeat reported that Edison International posted second-quarter 2026 EPS of USD 1.54 versus USD 1.18 consensus, a USD 0.36 beat. Revenue declined 4.1 percent year over year to USD 4.36 billion against USD 4.82 billion consensus, leaving a split result of stronger earnings and weaker sales.

The company maintained fiscal 2026 EPS guidance of USD 5.90-6.20, while the second-quarter net income figure was USD 561 million in the standardized financial statement for the period ended June 30, 2026. For investors, the key tension is visible in the numbers: earnings exceeded expectations, but wildfire exposure and revenue contraction continue to shape the valuation debate.

USD 53.89 on the NYSE

Edison International stock closed at USD 53.89 on October 2, 2026, with a session range of USD 52.92 to USD 54.60, volume of 5,846,707 shares and market capitalization of USD 20.7 billion. The 52-week range was USD 51.10 to USD 81.62, placing the stock 5.5 percent above its yearly low.