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Portland has a strong balance sheet. It is growing the investment base to drive earnings and EPS and dividend growth, while improving debt ratios. Hawaiian Electric has a weak balance sheet creating financial risk. It will take years to repair the balance sheet, and there are hurdles along the way. Portland appears to be far superior to Hawaiian Electric as an investment choice and provides an opportunity to exit Hawaiian Electric and still maintain an electric utility in a portfolio.

seekingalpha.com 2025 Mar 27
HE Stock News Image - seekingalpha.com

Hawaiian Electric Industries, Inc.'s Q4 and full-year 2024 results show continued struggles due to the 2023 Maui Wildfires, with significant impacts on margins and profitability. The company faces a $1.7B utility expense and goodwill impairment, resulting in a deep net loss and high debt levels, despite having substantial cash reserves. The wildfire lawsuit settlement is a major uncertainty, with HE liable for $2B, requiring further financing that may pressure stock prices and margins.

seekingalpha.com 2025 Mar 26
HE Stock News Image - seekingalpha.com

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q4 2024 Results Earnings Conference Call February 21, 2025 4:30 PM ET Company Participants Mateo Garcia - Director of Investor Relations Scott Seu - President and Chief Executive Officer Scott DeGhetto - Executive Vice President, Chief Financial Officer and Treasurer Paul Ito - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Lonegan - Evercore ISI Julien Dumoulin-Smith - Jefferies Operator Hello. And welcome to the Fourth Quarter 2024 Hawaiian Electric Industries, Inc. Earnings Conference Call.

seekingalpha.com 2025 Feb 21
HE Stock News Image - reuters.com

Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court's decision towards finalizing the more than $4 billion settlement related to the 2023 Maui wildfires saying it was favorable to the company.

reuters.com 2025 Feb 12
HE Stock News Image - businesswire.com

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

businesswire.com 2025 Jan 27
HE Stock News Image - reuters.com

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.

reuters.com 2024 Dec 31
HE Stock News Image - businesswire.com

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

businesswire.com 2024 Nov 11
HE Stock News Image - https://thefly.com

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.

https://thefly.com 2024 Nov 11
HE Stock News Image - seekingalpha.com

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.

seekingalpha.com 2024 Nov 08
HE Stock News Image - gurufocus.com

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%.

gurufocus.com 2024 Oct 09
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