Edison Intl Stock (NYSE:EIX), Trade Ideas

Edison Intl

Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

Edison

Equities

Large Cap

News

Markets

Media

SHEL

BP PLC (NYSE: BP) is reportedly seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies.

The company aims to address inflation and equipment bottlenecks that have affected the renewables sector, as per Reuters.

BP Seeking Partners For Offshore Wind Projects In Japan: Report

Oil companies BP PLC (NYSE: BP), Shell PLC (NYSE: SHEL), and Edison International (NYSE: EIX) reportedly aske

BP, Shell, Edison Request US, EU To Help In Dispute With Venture Global LNG Over Undelivered Cargoes: Report

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

LIVN

PINS

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page

Walgreens To Rally Around 42%? Here Are 10 Top Analyst Forecasts For Monday

Edison International

Chairman of the Board Chris Hayes Appointed as President &amp; CEO
Dr. Audrey Lee joins the Board of Directors
Spruce Power Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPRU#NYSE">SPRU</a>) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors.
"The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, including sustainable infrastructure investing, entrepreneurship, and technology. Chris has a long history of creating valuable intellectual property and a successful track record in generating returns for investors. He was most recently the founder and managing partner of Alturus, which develops, owns, and operates sustainable infrastructure projects for the Fortune 1000 and a pioneer in leveraging an energy-as-a-service (EaaS) platform for decarbonization. He was also a founder and managing partner at Altenex, which was acquired by Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) in 2015," said John Miller, Chair of the Nominating &amp; Corporate Governance Committee and the newly appointed Lead Director of the Board. Mr. Miller added: "On behalf of the Board, I would like to thank Mr. Fong for his contributions to Spruce and wish him all the best in his future endeavors."
Commenting on his new role, Mr. Hayes said, "I am honored to take on the role of President and CEO. Given my familiarity with the company, I am confident this will be a seamless transition." With respect to his priorities, Mr. Hayes stated, "We are focusing on several exciting initiatives. This includes leveraging our core capabilities to enhance our organic growth strategy by utilizing our technology platform and scale to leverage our existing 75,000 home solar assets and customer contracts into a proprietary managed service platform that other solar asset owners can utilize and in doing so, create new, recurring revenue streams for Spruce. We have several additional exciting growth avenues, and my initial focus will be to identify and execute the best opportunities to drive organic growth."
Mr. Hayes continued: "As part of our strategic move forward, I am pleased to announce that Dr. Audrey Lee will join our Board of Directors. Audrey is a clean energy executive with 20 years of experience in the private and public sectors. She is a strategic leader pioneering the next generation of energy solutions with expertise at the intersection of technology, product, and market development. We are excited to have her as part of the team and look forward to her contribution." Currently, Dr. Audrey Lee is the Senior Director of Datacenter Energy Strategy at Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). She succeeds director Christian Fong, who has stepped down from the Board as part of the above transition.

Management

MSFT

Spruce Power Holding Corporation Class A Common Stock

SPRU

Spruce Power Holding Corporation Announces Leadership Changes; Chairman Of The Board Chris Hayes Appointed As President & CEO

Goldman Sachs analyst Carly Davenport initiates coverage on Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Neutral rating and announces Price Target of $78.

Initiation

Goldman Sachs Initiates Coverage On Edison Intl with Neutral Rating, Announces Price Target of $78

Edison Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) short percent of float has risen 5.03% since its last report. The company recently reported that it has 6.45 million shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.88 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Edison Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712329225_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Edison Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Edison Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Edison Intl's peer group average for short interest as a percentage of float is 2.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Edison Intl's Recent Short Interest

Edison Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) short percent of float has risen 25.51% since its last report. The company recently reported that it has 6.56 million shares sold short, which is 2.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.07 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Edison Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710963915_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Edison Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Edison Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Edison Intl's peer group average for short interest as a percentage of float is 2.67%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

RBC Capital analyst Shelby Tucker maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Outperform and lowers the price target from $81 to $80.

RBC Capital Maintains Outperform on Edison Intl, Lowers Price Target to $80

Barclays analyst Nicholas Campanella maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Equal-Weight and raises the price target from $69 to $70.

Barclays Maintains Equal-Weight on Edison Intl, Raises Price Target to $70

Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.16 by 10.34 percent. This is a 11.3 percent increase over earnings of $1.15 per share from the same period last year. The company reported quarterly sales of $3.71 billion which missed the analyst consensus estimate of $4.09 billion by 9.39 percent. This is a 7.72 percent decrease over sales of $4.02 billion the same period last year.

Earnings

Edison Intl Q4 EPS $1.28 Beats $1.16 Estimate, Sales $3.71B Miss $4.09B Estimate

Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Edison Intl beat estimated earnings by 10.34%, reporting an EPS of $1.28 versus an estimate of $1.16.
Revenue was down $310.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.11 which was followed by a 0.53% drop in the share price the next day.
Here's a look at Edison Intl's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.49</td>
<td>0.95</td>
<td>0.95</td>
<td>1.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.38</td>
<td>1.01</td>
<td>1.09</td>
<td>1.15</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>5.72B</td>
<td>4.27B</td>
<td>4.25B</td>
<td>3.08B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>4.70B</td>
<td>3.96B</td>
<td>3.97B</td>
<td>4.02B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Edison Intl <a href="https://www.benzinga.com/quote/EIX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Edison Intl: Q4 Earnings Insights

Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.16 by 10.34 percent.

Earnings Beats

Edison Intl Q4 2023 Adj EPS $1.28 Beats $1.16 Estimate

Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that Edison Intl will report an earnings per share (EPS) of $1.16. 
Edison Intl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.11, which was followed by a 0.53% drop in the share price the next day.
Here's a look at Edison Intl's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.49</td>
<td>0.95</td>
<td>0.95</td>
<td>1.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.38</td>
<td>1.01</td>
<td>1.09</td>
<td>1.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.53%</td>
<td>2.96%</td>
<td>-2.2%</td>
<td>4.21%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708534931_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Edison Intl were trading at $66.54 as of February 20. Over the last 52-week period, shares are up 2.61%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/EIX/earnings">To track all earnings releases for Edison Intl visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Edison Intl Earnings Preview

Mizuho analyst Anthony Crowdell maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Buy and lowers the price target from $76 to $75.

Mizuho Maintains Buy on Edison Intl, Lowers Price Target to $75

Guggenheim analyst Shahriar Pourreza upgrades Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) from Neutral to Buy and raises the price target from $66 to $84.

Upgrades

Guggenheim Upgrades Edison Intl to Buy, Raises Price Target to $84

Barclays analyst Eric Beaumont maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Equal-Weight and lowers the price target from $72 to $69.

Barclays Maintains Equal-Weight on Edison Intl, Lowers Price Target to $69

Edison Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) short percent of float has fallen 39.33% since its last report. The company recently reported that it has 4.31 million shares sold short, which is 1.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Edison Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704467725_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Edison Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Edison Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Edison Intl's peer group average for short interest as a percentage of float is 2.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Barclays analyst Eric Beaumont maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Equal-Weight and raises the price target from $67 to $72.

Barclays Maintains Equal-Weight on Edison Intl, Raises Price Target to $72

Edison Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) short percent of float has risen 27.14% since its last report. The company recently reported that it has 7.08 million shares sold short, which is 2.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Edison Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1702995314_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Edison Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Edison Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Edison Intl's peer group average for short interest as a percentage of float is 2.30%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Edison Intl?

Southern California Edison declares preference stock dividend
Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) today declared a quarterly common stock dividend of $0.78 per share, payable on Jan. 31, 2024, to shareholders of record on Dec. 29, 2023. This action increases the annual dividend by $0.17 per share. The 2024 annual dividend rate will be $3.12 per share, an increase of 5.8% from the current annual dividend rate of $2.95 per share.
"Today's 5.8% increase in our dividend reflects the board and management's continued confidence and commitment to delivering 5% to 7% core EPS growth for 2021-2025 and 2025-2028. This marks the 20th consecutive annual increase in Edison International's dividend, which delivers an attractive yield and remains a key component of the company's total return proposition," said Pedro J. Pizarro, president and CEO of Edison International.
Additionally, Southern California Edison today declared the following dividend:
<ul>
<li>A semiannual dividend of $25.1409 per share on the Series E preference stock, payable on Feb. 1, 2024, to shareholders of record on Jan. 5, 2024.</li>
</ul>

Dividends

Edison International Raises Common Stock Dividend From $0.7375 To $0.78 Per Share

Analysts have provided the following ratings for Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the last 3 months, 9 analysts have offered 12-month price targets for Edison Intl. The company has an average price target of $66.22 with a high of $81.00 and a low of $52.00. 
Below is a summary of how these 9 analysts rated Edison Intl over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1700593230_0.png" alt="price target chart" />
This current average has increased by 1.1% from the previous average price target of $65.50. 
<a href="https://www.benzinga.com/quote/EIX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Edison Intl analyst ratings.</a>
<h1>What Are Analyst Ratings?</h1>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

9 Analysts Have This to Say About Edison Intl

Morgan Stanley analyst David Arcaro maintains Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) with a Underweight and raises the price target from $52 to $53.

Morgan Stanley Maintains Underweight on Edison Intl, Raises Price Target to $53

BP PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>) is reportedly seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies.
The company aims to address inflation and equipment bottlenecks that have affected the renewables sector, as per Reuters.
The British oil major company focuses on expanding in the low-carbon energy market in the coming decades to survive the global transition from fossil fuels.&nbsp;
Anja-Isabel Dotzenrath, BP&#39;s renewables business lead executive, told Reuters it was &quot;time to deliver&quot; and seeking partners in Japan, one of the markets identified for growth, was part of the solution.
She further added, &quot;Of course, inflation is not just an issue for projects in the U.S.A. We are also trying to reduce costs in other regions using various levers, for example through optimised purchasing strategies, which may also lead us to invest directly in the supply chain.&quot;
Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/10/35081435/bp-to-sell-stake-in-its-us-oil-and-gas-pipeline-network-raise-about-1b-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">BP To Sell Stake In Its US Oil And Gas Pipeline Network &amp; Raise About $1B: Report</a>
Earlier this year, BP said it plans to spend around $65 billion on renewables, hydrogen, biofuels, and electric mobility between 2023 and 2030, accounting for half of the company&#39;s investments by the decade&#39;s end (vs. 30% in 2022), as per the report.
Last week, BP PLC,&nbsp;Shell PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>), and&nbsp;Edison International&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eix#NYSE">EIX</a>), reportedly asked a U.S.-EU energy group to intervene in their ongoing dispute with liquefied natural gas (LNG) exporter Venture Global LNG&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/11/35742808/bp-shell-edison-request-us-eu-to-help-in-dispute-with-venture-global-lng-over-undelivered-cargoe" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">over its failure to supply contracted cargoes</a>.
Also, last month, BP reported Q3 sales and other operating revenues came in at $53.27 billion, missing the consensus of $57.71 billion. Underlying RC profit per American Depositary Share (ADS) came in at $1.15,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/10/35507725/why-energy-giant-bp-shares-are-falling-today" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $1.38</a>.&nbsp;
Price Action: BP shares are trading higher by 0.65% at $35.84 premarket on the last check Monday.

Dividend Champion, Contender, And Challenger Highlights: Week Of March 24

A rating of 89 puts Edison International (EIX) near the top of the Utilities sector according to InvestorsObserver.Edison International's score of 89 means that it ranks higher than 89% of stocks in the sector. In addition, its overall score of 49 ranks it higher than 49% of all stocks. EIX has an Overall Score of 49. Find

Will Edison International (EIX) Stay at the Top of the Utilities Sector?

Buy-rated and sell-rated stocks within the Utilities sector - Citi

Citi's top recommended large-cap stocks

Edison International (EIX – Research Report), the Utilities sector company, was revisited by a Wall Street analyst on April 5. Analyst Anthony Crow...

Optimistic Outlook for Edison International: A Buy Recommendation Amid Improving Regulatory Environment and Financial Metrics

SMID-Cap Moat Companies Shine In March

ClearBridge Large Cap Value Strategy Q1 2024 Portfolio Manager Commentary

Hawaiian Electric Industries: Very Strong Finances, But Litigation Risks Cast A Shadow

PG&E, Edison apply for $2B federal grant for California grid upgrades

RBC Capital analyst Shelby Tucker maintained a Buy rating on Edison International (EIX – Research Report) on April 19 and set a price target of $80...

RBC Capital Keeps Their Buy Rating on Edison International (EIX)

ALLE

AMAT

AMZN

APLO

ATRI

AVGO

BANF

BPOP

BWXT

CACG

CADE

CFCV

CFFI

CHRW

CHTR

COFS

CSGS

CSWC

CTBI

CTRA

CTRE

CUBE

CZFS

EFSC

ENSG

EPRT

FBNC

FFIN

FFMR

FFNW

FITB

FMAO

FMNB

FSFG

FULT

GAIN

GATX

GILD

GOOGL

GSBC

GWRS

HOFT

HURC

HWBK

IIPR

INDB

INFR

INGR

INTC

INVH

ISRG

ISTR

JKHY

KFRC

LANC

LAND

LDOS

LECO

LMAT

LPLA

LRCX

LRGE

MBIN

MCHP

MDLZ

MGRO

MNAT

MOAT

MPWR

MVAL

NDAQ

NFLX

NSRGF

NSRGY

NVDA

NXRT

OCSL

OLED

PLOW

PNBI

POOL

POWI

PPLL

PRGO

QNBC

REXR

SBAC

SFBS

SFNC

SLGN

SMMF

SMOT

SPTN

SREA

STAG

STLD

SYBT

THFF

TMUS

TOWN

TRNO

TROW

UBSI

UMBF

UNTY

VRSK

WASH

WING

WSBC

XLRE

XRAY

YELLQ

YLDE

Press Releases

Edison International Raises Common Stock Dividend 5.8%; 20th Consecutive Annual Increase

Advisory for Thursday, Feb. 22, 2024: Edison International to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results

Edison International Reports Fourth-Quarter and Full-Year 2023 Results