Ontario Truck-Charging Property Acquisition Announced in EIX Service Territory
What happened
EV Realty said it acquired an industrial property in Ontario, California, for development as a truck-charging site, according to a GlobeNewswire release. The company described the location as part of its push to support electric freight infrastructure in Southern California. The release did not disclose the purchase price. Ontario sits in a major logistics corridor served by Southern California Edison, Edison International's regulated utility subsidiary.
The QL Read
The update lands with utilities flat on the day, as XLU is unchanged while the S&P 500 is down 0.45% and breadth is firm at 78.8% advancing. EIX's QuantLogix composite is 36/100, Underweight, despite a 1.08% day gain.
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