Jefferies cuts target for Edison International stock to USD 42

Published on 10/02/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GAAP earnings per share rose 55.1 percent to USD 1.38. Edison International stock costs EUR 48.09 versus EUR 47.81 on October 2, 2026.

Extreme Makroaufnahme eines braunen Keramikisolators mit Stahlkabeln und Bokeh-Hintergrund — Edison International US2810201077 Makroaufnahme eines Hochspannungs-Isolators mit Stahlkabel und feiner industrieller Oberflächentextur, Illustration mit AI erstellt.

Edison International (US2810201077) faces a lower valuation benchmark after Jefferies downgraded the stock to Underperform from Hold and cut its price target from USD 53 to USD 42 on October 2, 2026, according to Investing.com. The move puts Eaton Fire liability and the weaker outlook for legislative relief at the center of the stock debate.

Jefferies targets wildfire exposure

Jefferies said the Eaton Fire liabilities were not fully reflected in the share price and cited a lower probability of meaningful California legislative relief. Its target reduction included USD 7 per share for higher expected liability outflows and USD 4 per share from a revised holding-company valuation, according to Investing.com.

The concern arrives as Southern California Edison, Edison International's utility subsidiary, said on October 1 that it had offered more than USD 1.0 billion through its Wildfire Recovery Compensation Program. The program had reached more than 15,300 individuals, families and businesses, while nearly 7,200 claimants had received offers, according to Edison International.

Profit rose as revenue declined

For the second quarter of 2026, Edison International reported USD 4.357 billion of revenue, down 4.1 percent from the prior-year quarter. GAAP net income available to common shareholders reached USD 534 million, or USD 1.38 in diluted earnings per share, compared with USD 343 million and USD 0.89 a year earlier, according to Financial Report Insights.

The earnings comparison is favorable, but the revenue decline shows why wildfire costs, regulatory timing and pass-through expenses matter more than the headline profit increase. Edison International also reaffirmed 2026 core earnings-per-share guidance of USD 5.90 to USD 6.20 in its second-quarter reporting period, keeping the forecast range visible while liability uncertainty remains a valuation issue.

Stock price and next results date

Edison International stock was trading at EUR 48.09 at Lang & Schwarz on October 2, 2026 at 4:00 p.m. CEST, up 0.59 percent versus the prior close of EUR 47.81. On the NYSE, the stock was last at USD 54.23 on October 2, 2026 at 10:02 a.m. ET, while its market capitalization was USD 20.9 billion and its 52-week range was USD 51.10 to USD 81.62.

Edison International scheduled its third-quarter 2026 financial results conference call for October 29, 2026. The next report will test whether operating performance can offset the market's concern about wildfire liabilities and regulatory outcomes. The further course of trading is shown by the continuously updated real-time quote of Edison International stock.