Edison international buys solar company

Is Edison International a buy?

The company's gross profit margin is also at 59.33% with a return on equity of 5.40%. I have explained that Edison International's plan to grow its load makes it a buy. The company made a GRC application to the CPUC to increase its base revenue to $10.5 billion from 2025 through 2028 in anticipation of a surge in its clientele.

Who is Edison International?

Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.

Is IKEA involved in solar energy?

Edison International has acquired SoCore Energy, a distributed solar developer that specializes in rooftop installations for commercial customers. This acquisition will help strengthen Edison International’s solar energy development efforts, but there is no mention of IKEA specifically in the passage.

When did Edison become a holding company?

Edison first became a holding company in 1988 when it made a small change to its original name, becoming known as SCEcorp. Edison International acquired the naming rights for the Anaheim Angels ' stadium (previously known as Anaheim Stadium) in 1998, in a deal running for 20 years.

Why did RWE acquire Con Edison?

“The acquisition of Con Edison Clean Energy Businesses is a major boost for RWE’s green expansion in the United States, one of the most attractive and fastest growing markets for renewable energy,” RWE CEO Markus Krebber said in a statement. The company is headquartered in Germany.

Is SoCore a subsidiary of Edison International?

SoCore is now a wholly owned indirect subsidiary of Edison International. Pete Kadens, president and CEO of SoCore, expressed excitement about the partnership, stating, "We are excited about the opportunity to partner with Edison International. Aligning with a well-branded and progressive energy partner will enhance our attractiveness to customers and broaden our suite of offerings.