Barclays (LON:BARC) analyst Nicholas Campanella revised the price target for Edison International (NYSE:EIX) shares, reducing it to $67.00 from the previous $76.00, while maintaining an Overweight rating on the company's stock.

California utility was sued Monday on claims that its electrical equipment ignited one of the major wildfires raging in the Los Angeles area, according to court filings, likely the first of thousands of legal claims that will be tied to the fires.

Two lawsuits, filed on Monday in Los Angeles Superior Court, allege Edison's failure to maintain vegetation and de-energize transmission poles caused the Eaton fire in Los Angeles.

A downed power line may have caused the Hurst Fire in Los Angeles, officials say. The damaged line was found in the area around the time when the blaze is believed to have started, about 10:10 p.m. Tuesday, according to Edison International in a press release.

The catastrophic wildfires in Los Angeles County have rocked the stock of Edison International, the parent company of Southern California Edison.

At least 24 people have died and more than a dozen others remain unaccounted for as multiple wildfires, fueled by severe drought conditions and strong Santa Ana winds, continue to rage

The L.A.-area fires may pose the first big test of California’s wildfire fund, which was set up in 2019 to protect utilities from bankruptcy.

Southern California Edison, the electrical utility for Los Angeles, has been sued for its alleged role in starting one of the raging Los Angeles fires that have collectively killed at least 24 people and displaced tens of thousands of people from their homes.

Southern California Edison announced that its grid experienced a "short circuit" just after 10 p.m. on Tuesday night - which is when the Hurst Fire began

NEW YORK, NY / ACCESS Newswire / January 24, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Edison

Dozens of people are believed to have died in the Palisades and Eaton fires, which have burned down whole swaths of communities

Edison International Inc.’s southern California utility was hit with a lawsuit blaming the energy provider’s equipment for igniting one of the wildfires still raging in the second-largest US metropolis.