HE Stock Recent News

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries to Announce Fourth Quarter and Full Year 2024 Results February 21.

Hawaiian Electric Industries said on Tuesday it had closed the deal to sell a 90.1% stake in its unit American Savings Bank (ASB) through separate agreements, as the parent of Hawaii Electric looks to raise funds for the wildfire settlement.

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Continues to Advance Wildfire Safety Efforts.

Evercore ISI raised the firm's price target on Hawaiian Electric to $11 from $9 and keeps an In Line rating on the shares. With Q3 results, Hawaiian was able to reclassify its short-term liability with a plan to pay the proposed settlement in four equal annual installments and the company revised its total settlement accrual to $1.92B, classifying the first $479M installment as a current liability based on expected timing of the payment, and the remaining amount as a non-current liability, the analyst noted. Management has concluded that the conditions that led to the substantial doubt regarding Hawaiian's ability to continue as a going concern have been mitigated and the resolution of its "going concern" risk alleviates a financing timeline crunch, the analyst tells investors.

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q3 2024 Earnings Conference Call November 8, 2024 4:30 PM ET Company Participants Mateo Garcia - Director, Investor Relations Scott Seu - President and Chief Executive Officer Scott DeGhetto - Executive Vice President, Chief Financial Officer and Treasurer Joseph Viola - Senior Vice President, Customer, Legal and Regulatory Affairs Paul Ito - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Lonegan - Evercore ISI Jonathan Reeder - Wells Fargo Operator Good afternoon. My name is Audra, and I will be your conference operator today.

Hawaiian Electric (HE, Financial) recently witnessed a sharp decline in its stock price, dropping by 5.02% to $9.28 per share. The trading volume reached 1.65725 million shares with a turnover rate of 0.96% and a price amplitude of 4.96%.

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q2 2024 Earnings Conference Call August 9, 2024 4:30 PM ET Company Participants Mateo Garcia - Director, IR Scott Seu - President and CEO Scott DeGhetto - EVP, CFO and Treasurer Paul Ito - SVP, CFO and Treasurer Conference Call Participants Michael Lonegan - Evercore Jonathan Reeder - Wells Fargo Operator Good afternoon. My name is Audra, and I will be your conference operator today.

Rate cuts may finally be upon us. After a tentative few months, inflation is showing signs of faltering and the market is beginning to price in rate cuts coming as early as September.

Hawaiian Electric (NYSE: HE ) stock is up on Wednesday as the reports spread that Maui County is preparing to offer a settlement to those affected by the 2023 Maui fires. According to these reports, the county is weighing a settlement for thousands of people affected by the fires.

Utility stocks have historically been defensive, dividend-focused plays, but so far this year, utilities have become a hot sector among more aggressive investors. This is largely because of the impact of the AI revolution on electricity demand.