Stock events for Hawaiian Electric Industries, Inc. (HE)
Hawaiian Electric Industries' stock has been significantly impacted by the 2023 Maui wildfires, facing substantial liabilities. HEI announced its intention to offer $500 million worth of common stock shares to address these liabilities. Analyst ratings for HE have been mixed, with a consensus "Hold" recommendation. The company reported an EPS beat in its Q3 2025 earnings, and net income for Q2 2025 increased compared to Q2 2024. The stock's 52-week range has been between $9.06 and $17.38.
Demand Seasonality affecting Hawaiian Electric Industries, Inc.’s stock price
Specific detailed information regarding the demand seasonality for Hawaiian Electric Industries' products and services was not explicitly found. Demand for electricity would likely see some seasonal variations due to tourism, air conditioning usage, and daylight hours. The company's focus on integrating renewable energy sources suggests an awareness of fluctuating energy needs.
Overview of Hawaiian Electric Industries, Inc.’s business
Hawaiian Electric Industries, Inc. (HEI) is a diversified holding company based in Honolulu, Hawaii, operating in the energy and financial services sectors. It provides electric utility services to approximately 95% of Hawaii's population through its subsidiaries. HEI also provides financial services through American Savings Bank (ASB) and invests in clean energy projects through Pacific Current LLC. The company is streamlining its enterprise to focus on its core utility business.
HE’s Geographic footprint
Hawaiian Electric Industries, Inc. primarily serves the U.S. state of Hawaii, providing power to the islands of Oahu, Hawaii (the Big Island), Maui, Lanai, and Molokai. Kauai is managed by the Kauai Island Utility Cooperative.
HE Corporate Image Assessment
Hawaiian Electric Industries' brand reputation has been significantly impacted by the Maui wildfires in August 2023, leading to scrutiny and legal challenges. This event has likely caused a decline in public trust, as evidenced by the accrual of a $1.712 billion loss in Q2 2024 related to estimated wildfire liabilities. Efforts to address these liabilities and implement wildfire safety improvements are crucial for rebuilding its reputation.
Ownership
Hawaiian Electric Industries, Inc. has a diverse ownership structure, with institutional investors holding approximately 52.23% of the stock, insiders owning about 0.20%, and public companies and individual investors accounting for 47.57%. Major institutional shareholders include Vanguard Group Inc., Horizon Kinetics Asset Management LLC, BlackRock, Inc., and T. Rowe Price Investment Management, Inc.
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$15.49