On August 31, Edison fell 5.47% in pre-market trading, trading at approximately $66.58 per share, with turnover of $159,300, as the utilities sector came under significant pressure.

On the news front, the California legislature revised Senate Bill 492 aimed at reducing wildfire risk and facilitating post-disaster recovery, triggering a sharp sell-off across utility stocks. Peer PG&E Corp plunged nearly 13% in pre-market trading, amplifying sector-wide risk aversion. Separately, Mizuho downgraded Edison from Outperform to Neutral and slashed its price target from $86 to $70, citing regulatory headwinds. According to FactSet, Edison now carries an average analyst rating of Hold with a mean price target of $74.65.

The downgrade follows a series of cautious analyst moves in recent weeks, including Argus Research lowering the stock to Hold and Morgan Stanley maintaining its Underweight rating with a $65 target. The broader utilities sector has faced headwinds from rising interest rates, which pressure the bond-like valuation framework typical of regulated utilities. Edison reported strong Q2 adjusted EPS of $1.54, beating the $1.16 consensus, and reaffirmed full-year guidance of $5.90-$6.20, but regulatory policy shifts have overshadowed fundamental performance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)