---
title: "Wildfire Shutoffs and Nidec Crisis Dominate Sector Moves"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302391922.md"
description: "U.S. utilities implement wildfire-related power cuts as Edison International faces short-seller pressure. Nidec's accounting scandal triggers delisting concerns while Tronox advances rare earth projects despite rating downgrades. Multiple firms report strategic updates."
datetime: "2026-10-20T09:16:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302391922.md)
  - [en](https://longbridge.com/en/news/302391922.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302391922.md)
generator: "portal-rs"
---

# Wildfire Shutoffs and Nidec Crisis Dominate Sector Moves

Consolidated Edison (ED.US) announced precautionary power shutoff plans for approximately 246,000 customers this week amid rising wildfire risks, while declaring its quarterly dividend of $0.8875 per share. The stock has gained for seven consecutive sessions, approaching its 52-week high.

Edison International (EIX.US) weathered more turbulence after Muddy Waters Research issued a short-selling report. Southern California Edison won partial dismissal in the Palisades wildfire litigation but maintains similar shutoff protocols. Q2 earnings beat estimates at $1.54 per share, though institutional activity showed mixed signals with new positions and insider sales.

Nidec Corporation (NJDCY.US) faces existential threats as Tokyo Stock Exchange placed it under special surveillance. Shares have plummeted over 34% from peak levels to decade lows following accounting irregularities. The company confirmed legal actions against implicated executives, with some shareholders advocating privatization.

Tronox (TROX.US) secured a $32 million rare earth partnership with JX Advanced Metals for facilities in Australia and Mississippi. However, Mizuho and other firms downgraded the stock after Q2 net losses of $171 million, driving a 5.45% weekly decline.

Elsewhere, Byrna Technologies (BYRN.US) saw director purchases totaling $70,375; Cardlytics (CDLX.US) partnered with Rove on card-linked offers despite negative market reaction; Brazil Potash (GRO.US) reported positive AI sorting test results; Lobo Technologies (LOBO.US) expanded its AI eldercare platform; Kaixin (KXIN.US) surged 22.22% weekly; and NFT Limited (MI.US) raised $4.55 million through three registered direct offerings.

### Related Stocks

- [ED.US](https://longbridge.com/en/quote/ED.US.md)
- [EIX.US](https://longbridge.com/en/quote/EIX.US.md)
- [NJDCY.US](https://longbridge.com/en/quote/NJDCY.US.md)
- [TROX.US](https://longbridge.com/en/quote/TROX.US.md)
- [BYRN.US](https://longbridge.com/en/quote/BYRN.US.md)
- [CDLX.US](https://longbridge.com/en/quote/CDLX.US.md)
- [GRO.US](https://longbridge.com/en/quote/GRO.US.md)
- [LOBO.US](https://longbridge.com/en/quote/LOBO.US.md)
- [KXIN.US](https://longbridge.com/en/quote/KXIN.US.md)
- [MI.US](https://longbridge.com/en/quote/MI.US.md)

## Related News & Research

- [What Just Happened With Edison International (EIX)?](https://longbridge.com/en/news/304803231.md)
- [Consolidated Edison, Inc. (NYSE:ED) Just Released Its Third-Quarter Earnings: Here's What Analysts Think](https://longbridge.com/en/news/304878396.md)
- [Edison International announces dividend of R$ 1.625523627 per unit](https://longbridge.com/en/news/304443436.md)
- [Tronox Files Initial Beneficial Ownership Statement for Director Yasser Al-Daajani](https://longbridge.com/en/news/304528858.md)
- [JP Morgan upgrades Tronox Holdings to Neutral from Underweight](https://longbridge.com/en/news/304850199.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**