Edison stock experiences volatility as wildfire blame increases in Los Angeles County

Edison International's stock has become volatile due to increasing accusations that its equipment may have caused recent wildfires in Los Angeles County. Shares rose 5% to $61.30 after a downgrade to neutral by analysts, despite a 23% drop earlier this month. Investigations are ongoing into whether Southern California Edison equipment ignited the Hurst and Eaton fires, which have caused significant damage and loss of life. A mass action lawsuit has been filed against SCE by victims of the Eaton fire. The company previously reported strong profits but now faces scrutiny and potential financial impacts from wildfire-related costs. Fire warnings remain in effect, raising concerns about further incidents.