Edison International (EIX)

Edison International, symbol EIX-N, has come under significant scrutiny following its performance in August, where it was highlighted as one of the worst performers in the S&P. The state of California's decision to shield itself from wildfire liabilities by assigning these responsibilities to utilities has created an uninviting investment environment for stakeholders. This policy shift raises concerns over the long-term viability of utilities like Edison, as they bear the risk of increased liabilities without sufficient safeguards. Experts suggest that such regulatory changes may jeopardize the financial stability of the company, leading many to deem the stock uninvestable for the foreseeable future. Consequently, potential investors are advised to approach this stock with heightened caution due to these unresolved challenges.