SCE faces lawsuits for alleged negligence contributing to the Eaton Fire's ignition, which caused destruction and fatalities.

Edison International — the parent company of the utility Southern California Edison — has seen its stock remain under pressure as lawsuits begin over its potential role in the fires that have ravaged parts of Southern California.

Southern California Edison is being sued by residents and businesses impacted by the Eaton Fire, who allege the Los Angeles utility's equipment may have started the deadly blaze. The big picture: It's among multiple wildfires that have erupted across the L.