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HE

Hawaiian Electric Industries, Inc.

HE

NYSE·Utilities·Diversified Utilities·Mkt cap $2.3B

$13.56

+1.08%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$10.45 - $17.38

P/E

18.32

Fwd P/E

13.45

Beta

0.52

Div Yield

0.00%

Avg Vol

1.8M

Shares Out

172.6M

Mkt Cap

$2.3B

Price action

Price chart

Up 24.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Regulated monopoly utility status providing stable, predictable revenue streams and dividend income
  • Geographic isolation and limited competition in Hawaii's energy market
  • Established infrastructure and 130+ year operational history serving Hawaiian communities
  • Diversified business model combining utilities, banking, and renewable energy investments
  • Strategic positioning to capitalize on Hawaii's 100% clean energy mandate by 2045

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Moderate growth ahead

Hawaii's aggressive renewable energy transition creating demand for solar, wind, and geothermal infrastructure

Value

Attractively priced below Multi-Utilities peer average

Momentum

Weak

-12.3% over 3m

Quality

Thin

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 7, 2026

Q2 26 RECAP

MAY 8, 2026

Reported EPS of $0.18 vs $0.27 consensus (-33.3% surprise). Revenue of $744.0M vs $746.4M expected (-0.3%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-33.3%

Next: May 7, 2026

Revenue trend · last 8Q

-13%

-6%

-6%

-16%

+65%

+0%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$795.4M

$938.4M

$486.9M

$744.1M

$746.4M

$790.6M

$805.8M

$746.4M

Margins · last 8Q

Gross

Operating

Profit

4.1%

Wall Street consensus

2 analysts · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

1

50%

Sell

1

50%

Median Price Target

Latest: Barclays · Mar 2, 2026

vs Industry

How HE stacks vs Diversified Utilities

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.