1. EIX stock dropped 10% amidst LA wildfires and evacuations. 2. Power shutoffs impacted 167,320 customers, leading to service disruptions. 3. EIX is monitoring equipment involvement in wildfire incidents; no reports yet.
The significant drop in stock price reflects severe investor concern amid disasters, similar to previous wildfire impacts on utilities.
The article outlines significant challenges faced by EIX due to current disastrous events, directly affecting investor sentiment and stock performance.
Immediate impacts from wildfires are likely short-lived, but uncertain conditions may persist until resolved.