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Is Edison International (NYSE:EIX) a Solid Choice Right Now?

streetreport-logo[Zacks] Edison International (NYSE:EIX)(TREND ANALYSISis set to create a new subsidiary, Edison Energy, which will concentrate on meeting energy requirements of its major energy consumers across the country.

Based in Irvine, CA, Edison Energy will help to cut the company’s energy costs, improve efficiency, eliminate complexities and offer more environmentally friendly options such as energy consultancy and management services.

Through this initiative, the company intends to focus on serving commercial buildings, data centers, retail centers, healthcare operations and educational institutions on the back of advancing technologies, markets and incentives in energy efficiency, and renewables and storage solutions among other services.

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