EIX
More Than 12,000 Seek Compensation Directly Through SCE for Eaton Fire Recovery
Article Summary
HOLD- More than 12,000 Edison International (NYSE: EDI) customers are seeking compensation directly through SCE for Eaton Fire Recovery Services for claims related to the company's Eaton fire recovery program, according to a new report from SCE.
- Edison International faces claims from more than 11,000 affected customers seeking compensation for lost or damaged electrical systems.
- The compensation claims relate to a major fire that occurred in an SCE-regulated utility facility in the state of New Jersey.
- SCE says the compensation claims represent a fraction of total claims, not a significant percentage of total compensation claims.
- The case highlights the need for SCE to aggressively pursue compensation claims directly from customers.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 13.1% | 25% | 50.0 ptsMeets Minimum (13.1%) - Passes screener |
| EPS Growth Next 5Y ? | 1.8% | 25% | 10.0 ptsVery Weak (1.8%) - Minimal expectations |
| Target Price Upside ? | 3.6% | 20% | 10.0 ptsNear/At Target (3.6%) - Target: $76.92 vs Current: $79.77 |
| Gross Margin % ? | 32.1% | 15% | 40.0 ptsModerate (32.1%) - Adequate margins |
| Drawdown from 52-Wk High ? | -1.4% | 15% | 20.0 ptsBarely a Dip (-1.4%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About EIX
- Edison International, through its subsidiaries, engages in the generation and distribution of electric power.
- The company supplies and delivers through its electrical infrastructure to an approximately 50,000 square-mile area of southern, central, and coastal California.
- It serves residential, commercial, industrial, public authorities, agricultural, street lighting, and other sectors.
- The company's distribution network consists of approximately 13,000 circuit-miles of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and approximately 38,000 circuit-miles of overhead lines, approximately 32,000 circuit-miles of underground lines, and approximately 730 distribution substations.
- Edison International was founded in 1886 and is based in Rosemead, California.