HE

Hawaiian Electric Industries, Inc. is upgraded from Strong Sell to Buy as risk declines and return prospects improve. At $8.21, HE offers a projected annualized return of 20.62% if sold at $15.10 in December 2029, driven by reduced investment duration. Dividend resumption is unlikely until wildfire liabilities are settled by April 2029, with normalized operations and payouts expected thereafter.

AMPH, CHT and HE have been added to the Zacks Rank #5 (Strong Sell) List on August 14, 2026.

Hawaiian Electric has a long and impressive history, both operating and financial, as the near sole provider of electricity generation and distribution to the State of Hawaii. Hawaiian Electric suffered a catastrophic operational and financial blow from the Maui wildfire in August 2023. The company will survive, but it faces a long and difficult road ahead, with virtually no hope of recovering to previous levels in the foreseeable future.

HONOLULU--(BUSINESS WIRE)--HEI to Announce Second Quarter 2026 Results.

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 in regulated power names has lost its math.

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Hawaiian Electric Industries, Inc. (HE) Q1 2026 Earnings Call Transcript

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported net income for the first quarter of 2026 of $30 million, or $0.18 per share, compared to net income of $27 million, or $0.15 per share in the first quarter of 2025. Excluding Maui wildfire-related expenses and expenses taken in connection with the review of strategic options for Pacific Current, Core1 net income was $31 million, or $0.18 per share, compared to $40 million, or $0.23 per share in 2025.