With a market cap of $22.7 billion, Edison International (EIX) is one of the nation’s largest electric utility holding companies, providing clean and reliable energy through its subsidiaries. Through Southern California Edison and Edison Energy LLC, the company delivers electricity across a 50,000-square-mile area and offers global decarbonization and energy solutions to diverse customers.
Shares of the Rosemead, California-based company have underperformed the broader market over the past 52 weeks. EIX stock has declined 28.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.6%. Moreover, shares of the company are down 26.3% on a YTD basis, compared to SPX's 13.9% gain.
