These 10 Firms Were Last Week’s Biggest Losers

7. Edison International (NYSE:EIX)

Power distribution giant Edison International (EIX) dropped its share prices by 19.03 percent last week to $65 from the $80.28 recorded a week prior amid the ongoing Los Angeles wildfire that has resulted in dozens of deaths and billions worth of damages.

It doesn’t help that the company is currently under public scrutiny due to a potential connection to the wildfire, after discovering a downed conductor at a tower near the area where the Hurst Fire broke out on Tuesday evening.

Edison, however, said it was uncertain whether the damage occurred before or after the fire.

At present, Edison said some areas may continue to be de-energized in the coming weeks for public safety and prevent any further wildfire conditions.

Edison International (EIX) is one of the largest electric utility holding companies in the U.S., focused on providing clean and reliable energy and energy services through its independent companies.