Valued at a market cap of $19.4 billion, Edison International (EIX) is a leading American holding company primarily involved in the electric utility sector. Headquartered in Rosemead, California, it is best known as the parent company of Southern California Edison (SCE), a major regulated utility that provides electricity to millions of customers in Southern California.
Shares of this electric utility company have underperformed the broader market over the past 52 weeks. EIX has dropped 23% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.3%. Moreover, shares of EIX are down nearly 37.3%, lagging behind SPX’s 4% gain on a YTD basis.
