Edison International is trading 4.91% down now at $70.06 as investors continue reassessing wildfire-liability risk ahead of California’s August 31 legislative deadline.
- Argus downgraded the shares to Hold from Buy on August 26, citing liability risk.
- Lawmakers remain divided over limits on insurers’ claims against utilities.
- Higher Treasury yields and weakness across utilities add pressure, but company-specific wildfire-policy uncertainty appears dominant.