With a market cap of $26.3 billion, Edison International (EIX) is an energy company that generates and distributes electric power across southern, central, and coastal California through its extensive electrical infrastructure network. It serves residential, commercial, industrial, agricultural, and public sector customers across an approximately 50,000-square-mile service area.
Shares of the Rosemead, California-based company have underperformed the broader market over the past 52 weeks. EIX stock has increased 16.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.3%. However, shares of the company are up 14% on a YTD basis, outpacing SPX's 8.1% gain.
