Edison International (NYSE: EIX) , based in Rosemead, CA is one of the leading experts in clean energy and clean energy solutions. First incorporated in 1909 as the Southern California Edison Company, they have since grown to employ over 12,500 employees, and garner an annual revenue of $12.6 Billion USD.
In November of 2010, Edison Electric sold its 48% stake in the Four Corners coal-fired power plant in New Mexico for $294 Million. The move was the result of a California law forcing corporations to move away from coal-fired production, and into more energy efficient solutions. Forcing Edison Electric to purchase more power from the market.
Since beginning its focus on renewable energy in 1980, at least 21% of the fuel Edison Electric uses comes from clean energy sources. The company has heavily invested in clean energy solutions such as nuclear, biomass, and even wind power. With at least half of their clean energy production being from nuclear power.
Pedro J. Pizarro took the helm of Edison International as President of SCE in 2014, and has been acting CEO since Oct. 2016. The stock value of the company since then has had a rocky ride. But ultimately has shown a positive climb from 2014-present.
Edison International Stock Performance
In August of 2014, the stocks value of Edison International had reached $59,49 USD per share. But by the end of 2014, they would report a rise in stock value to $67,54 USD per share.
The stock value of the company would continue to steadily rise for the next 3 years, until reaching its peak at $82,18 USD per share as of June 2017.
By the beginning of Nov. 2018 Edison reported a stock value of $67,88 per share, but over the course of several weeks plummeted by up to 25%. This massive hit to the stock value was due to the California Wildfires that ravaged their territories in the region. Ultimately the stock value recovered slightly over the course of the following days, settling at just a 12% loss.
In Feb. 2019, Edison International (NYSE: EIX) reported a 2018 fourth quarter loss of $1.4 Billion USD net loss, (a loss of $4.39 USD per share). Compare this to their $545 Million USD net loss, ($.67 USD loss per share) in the fourth quarter of 2017.
Jul. 25 2019 Edison International (NYSE: EIX), reported a second quarter 2019 net income of $392 Million USD, ($1.20 USD per share increase). Compare this to their $274 million USD increase ($0.85 per share increase) in the second quarter of 2018.
As of Aug. 21st 2019, Edison International stock value has reported in at around $72,31 USD per share. A slow but very stable and steady increase since the plummet in November of 2018.
The Edison Company of Southern California provides energy for 15 Million people, across 50,000 square miles of coastal, southern and central California, They have shown themselves to be a titan in the clean energy solutions market, and have reported relatively steady stock value increase over the last 5 years under CEO Pizarro. They are poised to continue this upward trend moving forward.
For any inquiries about personal or business energy solutions, contact Edison Electric International 24/7 toll free at (800) 655-4555.
Pedaling Towards a Clean Energy Future | SCE & CicLAVia