Hawaiian Electric Industries, Inc. (HE)

Hawaiian Electric Industries' stock has been impacted by events related to the Maui wildfires. The company reported a $1.3 billion loss in the spring of 2024, including losses from the fires and potential lawsuit losses. Excluding wildfire-related expenses, utility operations showed a $40 million profit in the spring. In August 2025, HEI reported a net income of $26 million, or $0.15 per share, in its second-quarter financial results. The company's stock reached a 52-week high of $13.19 USD in August 2025. In October 2025, an investigation was announced into whether certain officers and directors breached their fiduciary duties to shareholders. Analysts have set new price targets for HE, with some reissuing a "sell" rating and others raising it to a "hold" rating.

Demand for electricity in Hawaii is influenced by factors such as the COVID-19 pandemic, the focus on renewable energy, and the adoption of electric vehicles. Hawaiian Electric supports the adoption of electric vehicles, with a goal for the majority of vehicles in Hawaii to be electric by 2045. The summer travel season generally drives higher EV charging activity across the US, which could indicate a seasonal increase in electricity demand related to transportation in Hawaii as well. Hawaii also has the highest electricity prices for fast charging at $0.85/kWh, which could influence demand.

Hawaiian Electric Industries, Inc. (HE) is a holding company primarily engaged in the electric utility business in Hawaii. It operates through its Electric Utility and Other segments, providing electricity to approximately 95% of Hawaii's population across five islands. The company incorporates renewable energy sources into its energy mix and holds a minority interest in American Savings Bank and owns Pacific Current LLC. HEI's sector is Utilities, and its industry is Utilities - Regulated Electric.

Hawaiian Electric Industries, Inc. primarily serves the U.S. state of Hawaii, covering the islands of Oahu, Hawaii (the Big Island), Maui, Molokai, and Lanai. Kauai is the only Hawaiian island not supplied by HEI.

Hawaiian Electric Industries has faced significant challenges to its brand reputation due to the Maui wildfires. The company received a "Severe" ESG Risk Rating from Sustainalytics as of September 3, 2025, with a "Severe" controversy level as of October 8, 2025. The company is working to improve safety, reliability, and resilience through its wildfire safety strategy. Legislation has been signed into law to appropriate funds for the state's contribution to the Maui wildfire tort litigation settlement and to establish an aggregate liability cap for economic damages from future wildfires.

As of October 2025, Bleakley Financial Group LLC purchased a new stake of 39,331 shares in Hawaiian Electric Industries, Inc. during the second quarter. Approximately 20,000 Hawaii residents are shareholders of HECO's parent company, Hawaiian Electric Industries.