Edison International (EIX)
Edison power line part of federal probe into California fires (NYSE:EIX)
Edison International (EIX +2.4%) says the U.S. Forest Service is investigating a power line owned by its Southern California Edison subsidiary as part of a
This Is What Hedge Funds Bought And Sold In The Second Quarter
This Is What Hedge Funds Bought And Sold In The Second Quarter Tyler Durden Sun, 08/16/2020 - 13:00 In addition to the widely publicized changes in Berkshire Hathaway's portfolio, where as we previously reported Warren Buffett dumped a material amount of his bank holdings in addition to completely selling out of airlines, while making his first ever foray into precious metals with a new $ 563MM stake in Barrick Gold , there were other quite notable changes in hedge fund portfolios during Q2 as disclosed in the barrage of 13Fs filed on Friday. As Bloomberg recaps, the 13F filings show that even more hedge funds leaned in to the stay-at-home trade amid the Covid-19 pandemic. Of note, Home Depot was a top new buy for Balyasny Asset Management, while Pershing Square Capital Management and Adage Capital Partners boosted stakes in Lowe’s. Coatue Management boosted its stakes in Peloton and Zoom Video Communications. Netflix was one notable exception as Appaloosa, D1 Capital Partners and Viking Global Investors cut their stakes.
Edison International 2020 Q2 - Results - Earnings Call Presentation (NYSE:EIX)
The following slide deck was published by Edison International in conjunction with their 2020 Q2 earnings call.
Recap: Edison Intl Q2 Earnings
Shares of Edison Intl (NYSE:EIX) were unchanged in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share …
COVID-19 Impact & Recovery Analysis- Energy as a Service (EaaS) Market 2020-2024 | Technological Advances to Boost Growth | Technavio
Technavio has been monitoring the energy as a service (EaaS) market and it is poised to grow by $ 7.65 bn during 2020-2024, progressing at a CAGR of 37% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200715005803/en/ Technavio has announced its latest market research report titled Global Energy as a Service (EaaS) Market 2020-2024 (Graphic: Business Wire) Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ameresco Inc., Edison International, Electricité de France SA, Enel Spa, ENGIE SA, Honeywell International Inc., Schneider Electric SE, Siemens AG, Veolia Environnement SA, and WGL Holdings Inc. are some of the major market participants.
PG&E Gets on Board with All-Electric New Buildings in California
Pacific Gas & Electric has become the first combined natural gas and electric utility in California to express support for an emerging plan to require "efficient, all-electric new construction" in the state, telling regulators that it wants to “avoid investments in new gas assets that might later prove underutilized” under the state’s long-term decarbonization goals. Thursday’s letter from PG&E vice president Robert Kenney to the California Energy Commission is a notable concession by the state’s largest utility to the constraints its natural gas operations will face under California’s push to attain zero-carbon emissions by 2045. The CEC is considering a revision to state building code Title 24 that would ban natural gas for new buildings in the state starting in 2022, the first such move by a state agency. Kenney wrote that “PG&E supports state and local government policies that promote all-electric new construction when it is feasible and cost-effective.” Switching buildings from gas to electricity for heating and cooking, along with electrifying transportation, is considered a vital step in cutting emissions outside of electricity generation.
Why Is Edison International (EIX) Down 1% Since Last Earnings Report?
Edison International (EIX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Morgan Stanley just published a comprehensive guide to utility investing — and handpicks 12 energy stocks to buy now
Electricity demand is projected to fall by 5% this year in the wake of the coronavirus pandemic. Coronavirus has caused near-term volatility among utility stocks, but Morgan Stanley says investors should look through the noise. The bank recommends investing in utility stocks that are low-risk and undervalued or high-risk and "deeply undervalued." It lays out four drivers of outperformance including a "second wave" of renewable energy that promises to wipe out many of the country's coal plants. Visit Markets Insider to view the latest on oil prices . Utilities have long been considered safe havens for investors. They provide essential products like electricity and gas — which people need even in a downturn — and typically they offer high dividends. But what happens when demand for electricity drops off? In the wake of a pandemic that closed large swaths of the country, US demand for electricity was down as much as 14% in some cities last month. For the year, analysts at Morgan Stanley led by Stephen Byrd expect power demand to be down by about 5% overall.
Edison International (EIX) Q1 Earnings & Sales Lag Estimates
Edison International (EIX) reports an operating income of $302 million in the first quarter compared with $352 million in the year-ago quarter.
Edison International (EIX) Q1 Earnings and Revenues Lag Estimates
Edison International (EIX) delivered earnings and revenue surprises of -18.18% and -6.12%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Top 3 stock bets in the utilities sector
Wondering what are the top 3 utilities stocks to invest in now?
Edison International: Is Selloff Because of Wildfires Justified?
Edison International stock dropped on Dec. 5 on worries about impacts from Southern California wildfires. Edison lost nearly $3 billion of market value that day, which may be excessive based on potential cash liabilities shareholders might face.
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