HE

In the past six months, Hawaiian Electric Industries' stock price has significantly declined, falling approximately 15% over 30 days and 24% over 90 days as of late September 2026, primarily due to the 2023 Maui wildfires and related financial responses. HEI monetized 30% of its stake in American Savings Bank for $29.5 million in September 2026 to strengthen liquidity and reduce future capital raises for Maui wildfire settlement payments, with plans to consider monetizing its remaining stake. The company's Q2 2026 earnings per share missed estimates, though Hawaiian Electric's net income for full-year 2025 increased significantly compared to a net loss in 2024 due to wildfire liability accruals. Analysts like Jefferies and Barclays cut price targets for HEI, citing wildfire exposure and financing burdens, resulting in a consensus 'Hold' rating. In July 2026, S&P upgraded Hawaiian Electric's long-term issuer credit rating to 'BB-' with a 'stable' outlook, reflecting expectations of improved financial measures and proactive wildfire risk mitigation, following earlier upgrades by Moody's and S&P. Additionally, HE's shares crossed below their 200-day moving average in August and September 2026, indicating a bearish trend.