Edison International is trading 4.5% down now at $66.81 after Barclays downgraded the stock, citing rising California regulatory uncertainty and wildfire-liability risks.
- The move follows renewed investor focus on potential credit pressure tied to state legislative inaction regarding wildfire rules.
- Management previously warned that California utilities could face credit-rating strain if regulatory clarity is not provided before the August 31 deadline.
- The stock has faced ongoing pressure since reporting Q2 results and highlighting the risks associated with the state's regulatory environment.