UBS Stays Bullish on Edison (EIX) with $68 Target Despite Regulatory Uncertainty

Edison International (NYSE:EIX) is one of the most oversold S&P 500 stocks so far in 2025. On July 8, UBS analyst Gregg Orrill reiterated his Buy rating on Edison International, keeping the price target steady at $68. His near-term caution stems from the delayed outcome of the California general rate case (GRC), which he sees as the key reason behind the weaker earnings expectations for Q2 2025.

Orrill projects Q2 EPS at $0.86, well below the Street consensus of $1.47. However, he has not changed his full-year EPS estimate of $6.00, suggesting that the earnings impact from the rate case will be recognized retroactively from the start of the year once a decision is finalized.

An electric power substation, with a skyline in the distance.

In his view, the lack of clarity on the rate case timing has created some near-term noise, but doesn’t affect the broader earnings trajectory for 2025. He expects a proposed decision to be made in the third quarter, with a final ruling likely to be issued before the end of the year.

Edison International (NYSE:EIX), through its subsidiaries, generates and distributes electric power, as well as provides energy services and technologies, including renewable energy.

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Disclosure: None. This article is originally published at Insider Monkey.