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Updated · MarketWatch · Apr 30Edison International stock lags rivals despite daily gain
6 articles · Updated · MarketWatch · Apr 30
- Shares rose 2.28% to $69.49 on Thursday as the S&P 500 gained 1.02% and the Dow added 1.62%.
- The utility closed 8.82% below its 52-week high of $76.22 reached on 9 April, while NextEra Energy, Southern Co and Dominion Energy posted bigger gains.
- Trading volume reached 4.1 million shares, above the 50-day average of 3.3 million, in a broadly positive session for US equities.
With utilities investing billions to power AI, who will ultimately bear the cost: tech giants or everyday families and consumers? As data centers demand power now, can Edison's decade-long grid upgrades ever catch up to the blistering speed of AI development? Will proposed AI safety laws help or hinder Edison's plan to modernize California's strained and fire-prone electric grid?