Headquartered in Honolulu, HI Fiscal year ends December NYSE: HE hei.com
Hawaiian Electric Industries, Inc. (NYSE: HE) is a holding company whose core business is its regulated electric utility, Hawaiian Electric Company. The utility supplies power to approximately 95% of Hawaii's population through Hawaiian Electric, Hawaii Electric Light and Maui Electric. It earns regulated revenues under Hawaii PUC oversight, including an annual revenue adjustment mechanism, and passes through fuel oil and purchased power costs. The utility is pursuing grid decarbonization, modernization and hardening, including a Wildfire Mitigation Plan, after the 2023 Maui wildfires. Following those fires, it carries a wildfire tort settlement liability that is being paid in installments. HEI is simplifying its structure. It sold part of its remaining stake in American Savings Bank in ASB's IPO and now holds about 6.4% of ASB. It is also in the final stages of exiting Pacific Current, whose last asset is the Mahipapa biomass plant on Kauai. Updated
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Hawaiian Electric Industries, Inc. (NYSE: HE) is a holding company whose core business is its regulated electric utility, Hawaiian Electric Company. The utility supplies power to approximately 95% of Hawaii's population through Hawaiian Electric, Hawaii Electric Light and Maui Electric.
The Wall Street consensus 12-month price target for HE is $8.62.
