Reported 1 day ago
Edison International's stock plummeted nearly 13% after wildfires in Southern California left over 70,000 customers without power, with estimates suggesting around 400,000 people statewide were affected. As extreme weather conditions exacerbated the situation, local authorities struggled to control the fires, leading to evacuations and significant property damage. This added pressure on the utility company comes after prior safety power shutoffs, impacting the stock's performance.
Source: YAHOO