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EIX
CNBC
218 days

Edison says no electrical anomalies found before Eaton blaze as shares tumble as wildfires rage on

1. Edison International found no anomalies before the Eaton Fire started. 2. Shares of Edison International fell 11%, reaching a 52-week low. 3. A lawsuit has been filed against Edison for alleged role in fire. 4. Investigations are ongoing regarding equipment's role in Hurst Fire. 5. The Eaton Fire has resulted in 17 fatalities and significant damage.

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FAQ

Why Very Bearish?

The drop in shares and lawsuits suggest negative investor sentiment, similar to past wildfire incidents affecting utility stocks.

How important is it?

The article discusses significant operational challenges and litigation risks facing EIX, likely impacting its stock price.

Why Long Term?

Ongoing investigations and lawsuits may have prolonged effects on EIX operations and reputation.

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