Edison International is trading 20.21% down at $55.99 after Mizuho downgraded the company to Neutral from Outperform and cut its price target from $86 to $70.
- California lawmakers failed to advance wildfire-liability reforms before the August 31, 2026 legislative deadline, leaving Southern California Edison exposed to potentially significant insurer lawsuits.
- Broader geopolitical and interest-rate concerns are pressuring utilities, but the downgrade and unresolved wildfire-policy risk appear to be the dominant catalysts.