Hawaiian Electric Industries Inc is a diversified company based in Honolulu, Hawaii, primarily known for its electric utility services across several Hawaiian islands including Oahu, Hawaii, Maui, Lanai, and Molokai. It generates, transmits, and distributes electricity, focusing increasingly on renewable sources like wind, solar, and geothermal energy. Besides its electric utility operations, the company also runs a federally chartered savings bank, providing a range of financial services from savings accounts to various types of loans for consumers and businesses. Established in 1891, it plays a crucial role in powering suburban communities, resorts, military installations, and supporting local agriculture.
The defensive utility trade is breaking. With the 10-year Treasury yield at 4.45% and near the 91.1 percentile of its trailing 12-month range, the “bond proxy” argument that long anchored retirement portfolios…
