• Edison International (NYSE:EIX) is under investigation for potentially misleading business information related to the Hurst fire.
• The stock experienced a significant drop, falling by $7.73 per share, or 11.89%, as a result of these allegations.
• Despite the challenges, Barclays maintains an "Overweight" rating on EIX, with a revised price target from $76 to $67.

Edison International (NYSE: EIX) is a major energy company that provides electricity to millions of customers in Southern California through its subsidiary, Southern California Edison. The company is currently facing scrutiny due to an investigation by the Rosen Law Firm, which is looking into potential securities claims on behalf of shareholders. This investigation was prompted by allegations that Edison may have provided misleading business information, particularly concerning the involvement of its equipment in the Hurst fire near Sylmar, as reported by the Los Angeles Times.

The impact of these allegations has been significant, with EIX's stock experiencing a notable drop. On January 13, 2025, the stock fell by $7.73 per share, or 11.89%, closing at $57.27. Despite this, Barclays has maintained an "Overweight" rating for the stock, indicating a positive outlook. However, Barclays has adjusted its price target for EIX, lowering it from $76 to $67, reflecting a more cautious stance in light of recent events.

As of January 23, 2025, EIX's stock price stands at $57.91, showing a slight decrease of approximately 1.64% from the previous day. The stock has traded within a range of $56.34 to $58.85, indicating some volatility. Over the past year, EIX has seen a high of $88.77 and a low of $55.27, highlighting the fluctuations in its market performance.

Edison International's market capitalization is approximately $22.42 billion, which is a measure of the company's total market value. The trading volume for EIX on the NYSE is 3,758,822 shares, suggesting active investor interest despite the ongoing investigation. The Rosen Law Firm is encouraging affected investors to join a prospective class action, offering representation on a contingency fee basis, which means investors do not need to pay out-of-pocket fees. The firm has a strong track record, having secured substantial settlements in the past, including the largest ever securities class action settlement against a Chinese company.