15 Stocks That Will Go to The Moon According to Analysts

8. Edison International (NYSE:EIX)

Average Upside Potential: 45.68%

Number of Hedge Fund Holders: 38

Edison International (NYSE:EIX) generates and distributes electric power, and provides energy services and technologies, including renewable energy, through its subsidiaries. The firm is headquartered in Rosemead, California. Edison International is the parent company of Southern California Edison and Trio.

Edison International (NYSE:EIX) generates has a solid standing in the United States being one of the nation’s largest electric utility holding companies. Its subsidiary, Southern California Edison, is among the largest electric utilities in the country and is a leader in renewable energy and energy efficiency.

J.P. Morgan analyst Jeremy Tonet has decided to maintain a Hold rating on the stock, setting a price target of $72.00. With investors reacting to wildfire risks, the pure-play California investor-owned utility has significantly underperformed year-to-date. The company is facing a shareholder lawsuit over the recent LA wildfires. Southern California Edison has submitted two letters to the California Public Utilities Commission giving updates on its ongoing analysis into the Eaton and Hurst wildfires origin.