Edison International (EIX) Stock May Look Reasonable Following Grid Resilience Report

Edison International has seen its share price fall 23.1% over the past month, which puts fresh attention on whether the current US$55.05 level lines up with the earnings power of the utility group. After that kind of pullback, the valuation question becomes less about recent share price swings and more about what the business is actually earning today and expected to earn over time. The stock is down 23.1% over the past 30 days, which puts recent selling in sharp focus and raises the...