Hawaiian Electric Industries, Inc. (HE)

In the past six months, HEI reported its first, second, and third-quarter 2025 results. HEI's subsidiary sold solar and battery storage assets to Fortistar and Epic Star. Legislation was signed into law in July 2025, appropriating funds for the state's contribution to the Maui wildfire tort litigation settlement. Barclays initiated coverage of Hawaiian Electric Industries with an "Equal-Weight" recommendation on February 7, 2025. The company's stock has seen fluctuations, with a twelve-month low of $8.14 and a twelve-month high of $13.41.

Demand for Hawaiian Electric Industries' products and services is influenced by seasonal patterns typical of a utility operating in a tropical climate. Demand for electricity is generally higher during warmer periods due to increased use of air conditioning and cooling systems. Hawaii's electricity demand can also be influenced by fluctuations in tourism. The increasing integration of solar energy can impact the net demand from the grid. Hawaiian Electric actively encourages customers to reduce or shift electricity use, particularly during peak demand periods. There is a relatively stable base demand for electricity year-round for residential, commercial, and industrial uses.

Hawaiian Electric Industries, Inc. (HEI) is a publicly traded holding company primarily engaged in the electric utility business in Hawaii, operating within the Utilities sector. HEI is the largest electricity supplier in Hawaii, providing power to approximately 95% of the state's population through its electric utility subsidiaries. The company generates electricity from a mix of sources, including conventional and renewable energy sources. HEI has also been involved in financial services and clean energy projects but is currently streamlining its enterprise to focus on its core utility business.

Hawaiian Electric Industries, Inc. primarily serves the U.S. state of Hawaii, covering the islands of Oahu, Hawaii (The Big Island), Maui, Lanai, and Molokai, supplying electricity to approximately 95% of Hawaii's population. The company's headquarters are located in Honolulu, Hawaii. Kauai is not supplied by HEI.

Hawaiian Electric Industries' brand reputation in the past year has been significantly impacted by the Maui wildfires. The company has been actively working to address the challenges stemming from these events, including advancing its wildfire safety strategy and implementing wildfire mitigation efforts. The favorable Hawaii Supreme Court decision in early 2025 provided clarity needed to help finalize the Maui tort litigation settlement. The company has been recognized for its nation-leading efforts in integrating customer-sited renewable energy and has returned $18 million in bill credits to customers in 2024.

Hawaiian Electric Industries, Inc. has a diverse ownership structure, with institutional shareholders holding a significant portion. Approximately 72.56% of the company's stock is owned by institutional shareholders, 4.02% by Hawaiian Electric Industries insiders, and 23.42% by retail investors. Major institutional owners include Horizon Kinetics Asset Management LLC, Vanguard Group Inc., and BlackRock, Inc. Eva T. Zlotnicka is noted as the largest individual Hawaiian Electric Industries shareholder.