HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
Utilities · Electric Utilities · NYSE
Hawaiian Electric Industries is the dominant regulated electric utility provider for the state of Hawaii, currently navigating complex litigation and a major transition to renewable energy sources.
What HAWAIIAN ELECTRIC INDUSTRIES INC does
Hawaiian Electric Industries is a regulated electric utility providing power to approximately 95% of Hawaii's population across the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. The company generates, transmits, distributes, and sells electricity to residential, commercial, and industrial customers. It is primarily focused on the clean energy transition, grid modernization, and managing significant legal contingencies related to wildfires.
Themes: electric utility, renewable energy transition, grid modernization, litigation risk
Fundamentals
- Price$8.82 as of 2026-10-08 close
- Market cap$1.5B as of 2026-07-31 (share count; price 2026-10-08)
- 1-year return-20.5% 2025-10-08 close $11.10 → 2026-10-08 close $8.82
- P/E11.78 as of 2026-10-08
- Net margin+4.1% FY2025, SEC XBRL
- ROE+7.9% FY2025, SEC XBRL
- Debt / equity1.78 as of 2026-09-03
- Revenue growth (YoY)-8.6% as of 2026-09-03
- Revenue CAGR (3y)-3.4% SEC XBRL
- Beta0.56 as of 2026-09-03
- Last reported earnings2026-08-07 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.1%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
How HE compares in its sector
- price-to-earnings ratiobottom 10% 67 covered Utilities peers, as of 2026-10-08
- net profit marginbottom 10% 65 covered Utilities peers, as of 2026-09-03
- operating marginbottom 10% 62 covered Utilities peers, as of 2026-09-03
- return on equitymiddle range 72 covered Utilities peers, as of 2026-09-03
- 3-year revenue CAGRbottom 10% 70 covered Utilities peers
- indicated dividend yieldbottom 10% 67 covered Utilities peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)top 25% 57 covered Utilities peers, as of FY2025
Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
HE is not currently in any published Top 10 list. Its scores are below.
Top 10 score
24.5 #970 of 987 scored · #55 of 55 in Utilities
Valuation 84th (price to book 1.3, price to earnings 15.9) and profitability 22nd (return on equity 8.1%, operating margin 7.4%); weakest is growth (9th, revenue growth year over year -8.6%, 3-year revenue CAGR -3.4%).
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2. HE was not in the scored universe at the latest run on 8 Oct 2026, so these scores are its last ones.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which HE reported a dividend payment is FY2023, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2023 ratio would not describe HE today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2023) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How HAWAIIAN ELECTRIC INDUSTRIES INC looks technically
HAWAIIAN ELECTRIC INDUSTRIES INC (HE) is trading 34.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 57 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 76, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 22, in oversold territory (below 30). MACD, a trend-momentum gauge, turned bullish about 3 trading days ago (its momentum flipped positive). It made a new 20-day low about 2 trading days ago. It is 2.0% above its 52-week low (its lowest price of the past year).
Trend
7
| Distance from the 200-day | it is trading 34.5% below its 200-day average, the long-term trend line — a long-term downtrend | -34.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $10.77 | $10.77 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $13.47 | $13.47 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 59 calendar days ago — the swings before that are what the structure reading is measured on | 59 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 57 trading days ago — a "death cross", a bearish long-term signal | 57 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 76, with sellers in control | 75.7 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 22, in oversold territory (below 30) | 22.1 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($8.64 to $10.05) — its "stochastic" reading is 12 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 12.5 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 3 trading days ago (its momentum flipped positive) | 3 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $17.38 | $17.38 |
|---|---|---|
| From the 52-week high | it is 49.2% below its 52-week high (its highest price of the past year) | -49.2% |
| Above the 52-week low | it is 2.0% above its 52-week low (its lowest price of the past year) | +2.0% |
| Below the 52-week high | it is 49.2% below its highest point of the past year | 49.2% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $55.15 (set on 2020-03-18) | $55.15 |
| Given back of the 52-week move | over the past year its closes ranged ($8.77 to $17.08), and it has recovered essentially none of its fall from last year’s high — 1% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $13.91 to $14.17. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 0.6% |
| From the all-time high | it is 84.0% below its all-time high | -84.0% |
| Nearest price level | it is trading 9.2% below a resistance level at $9.63 — a price it turned at twice since 2024-10-24, most recently on 2025-01-21. Since 2024-10-08 it has 0 such levels below the current price and 14 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +9.2% |
| All-time low | its lowest closing price on record is $7.61 (set on 2024-07-09) | $7.61 |
| Above the all-time low | it is 16.0% above its all-time low | +16.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 91% of the past ~6 months) | 91st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2577 between its high and its low — about 2.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2577 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $8.26 and $10.53 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $8.26 – $9.39 – $10.53 |
| Typical daily range (% of price) | its price moves about 2.9% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.9% |
| Stretch from the 200-day average | it is trading 18.1 daily ranges below its 200-day average price (34.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 18.1 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.12× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 8.8% since the prior reading | -8.8% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has softened toward "sell" since the prior reading | 0.25 toward sell |
Candlestick patterns
2
| Since a hammer | 2 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 2 sessions ago |
|---|---|---|
| Since a bullish engulfing | 7 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 7 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 0.1% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.1% |
|---|---|---|
| Open gap | it gapped 2.1% below the previous close 22 sessions ago and has not traded back through the level it left behind at 11.09 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.1% |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 20.1 percentage points (the stock lost 19.1% while the market gained 1.0%) | -20.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 38.7 percentage points (the stock lost 34.9% while the market gained 3.8%) | -38.7% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 60.2 percentage points (the stock lost 42.7% while the market gained 17.5%) | -60.2% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 35.5 percentage points (the stock lost 20.5% while the market gained 15.0%) | -35.5% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), MACD momentum is positive, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 25% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 8.8% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -25.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 34% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $13.32 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -33.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 15% below the average price paid since it last reported on 2026-08-07 (its 10-Q), so the typical buyer over that stretch is under water. That average is $10.36 — a volume-weighted average of daily closes over 44 sessions, not a true tick-by-tick VWAP. | -14.9% |
Price levels it has turned at before
HE last closed at $8.82 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 14 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $9.63 | Resistance | 9.2% above the last close | turned there twice · 2024-10-24 to 2025-01-21 |
| $10.16 | Resistance | 15.2% above the last close | turned there five times · 2024-12-03 to 2025-06-18 |
| $10.58 | Resistance | 19.9% above the last close | turned there six times · 2024-10-16 to 2025-08-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Oversold (14-day RSI below 30) · Near the 52-week low · Pulled back from the 12-month high · Broke down to a new 20-day low · MACD just crossed bullish (12/26/9) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingUnderperform (4.00 mean, 1=Strong Buy…5=Strong Sell) — 4 analysts
- Mean price target$8.63 range $6.50 – $12.00; median $8.00
Analyst estimates, as of 2026-10-09. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for HE
- Consensus EPS estimate$0.062 next reporting period, as of 2026-10-09
- Estimate change, 30 days-$0.104 (-62.7%) from $0.166, on 2026-09-04, 35-day window
- Readings revised upward0% of 6 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["significant legal and financial liabilities related to wildfire tort claims","regulatory risk regarding rate recovery and capital expenditure approval","dependence on local Hawaii economy and energy transition policies"]
What changed in the latest 10-Q
AI-assisted comparison of HE's 10-Q filed 2026-08-07 against the prior one filed 2026-05-08.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-07) presents Results of Operations for the three and six months ended June 30, 2026 and 2025 with new revenue, operating income, and net income figures and percentage changes.
- Newer filing (2026-08-07) adds discussion of effective tax rates for the first six months of 2026 (24%) and 2025 (27%) and for the second quarters of 2026 (25%) and 2025 (34%).
- Newer filing (2026-08-07) adds a Maui windstorm and wildfires related items table for the three and six months ended June 30, 2026 and 2025, including categories such as settlement remeasurement and accretion expense.
- Newer filing (2026-08-07) adds footnote 2 describing an adjustment related to remeasuring the remaining settlement liability at present value in accordance with Accounting Standards Codification Topic 835-30.
- Newer filing (2026-08-07) adds footnote 3 describing accretion expense related to remeasuring the remaining settlement liability, amounting to $18 million for the three and six months ended June 30, 2026.
- Newer filing (2026-08-07) states that from August 8, 2023 through June 30, 2026, HEI and its subsidiaries have incurred approximately $2.14 billion of Maui windstorm and wildfires related expenses.
- Removed:
- Older filing (2026-05-08) includes a paragraph on the PUC order of March 23, 2026 approving suspension of the Affiliate Transaction Requirements (ATRs), including divestment commitments and reporting obligations.
- Older filing (2026-05-08) presents Results of Operations for the three months ended March 31, 2026 and 2025 with different revenue, operating income, and net income figures and percentage changes.
- Older filing (2026-05-08) discusses effective tax rates only for the three months ended March 31, 2026 (21%) and 2025 (19%).
- Older filing (2026-05-08) includes a Maui windstorm and wildfires related expenses table only for the three months ended March 31, 2026 and 2025, without settlement remeasurement or accretion expense categories.
- Older filing (2026-05-08) states that from August 8, 2023 through March 31, 2026, HEI and its subsidiaries have incurred approximately $2.27 billion of Maui windstorm and wildfires related expenses.
- Older filing (2026-05-08) states that as of March 31, 2026, HEI and its subsidiaries have approximately $9 million, nil and $70 million of insurance coverage remaining under excess liability, professional liability and directors and officers liability policies.
- Older filing (2026-05-08) includes a paragraph describing the April 10, 2026 satisfaction of the last condition to finalization of the tort settlement agreements and payment of the first of four equal annual $479 million installments.
- Reworded:
- The Maui windstorm and wildfires related items presentation changed from 'expenses, net' in the older filing (2026-05-08) to 'items, net' in the newer filing (2026-08-07).
- The newer filing (2026-08-07) changes the primary reason description for net income for common stock in the six-month comparison to include higher operating income, lower impairment loss on assets held for sale and loss on the sale of subsidiary in the prior period, and higher interest expense due to accretion and lower interest income from the first installment payment.
- The newer filing (2026-08-07) changes the Maui windstorm and wildfires footnote wording from the older filing's single footnote on PUC deferral treatment to include additional footnotes 2 and 3 regarding settlement remeasurement and accretion expense.
- Notes:
- The newer filing text appears truncated at the end, mid-sentence after 'As of June 30, 2026, HEI and its subsidiaries have recover'.
- The older filing text appears truncated at the start of the Economic conditions section after 'U.S. Burea'.
- No insurance coverage remaining figures are provided in the newer filing excerpt, so that comparison cannot be completed.
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for HE — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 1 matched disclosure for HE from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
6 institutional 13F filers reported holding HE as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 37,861,730
- Reported value $512,269,209
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about HE's institutional holders → See what each manager we track holds →
Short interest (FINRA)
HE had 18,793,516 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
HE had 10.9% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.77 days to cover at the same settlement.
- Reported short interest (shares) 18,793,516
- Short interest (% of shares outstanding) 10.9%
- Prior settlement (shares) 17,651,938
- Reported change 6.47%
- Days to cover (reported) 6.77
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does HAWAIIAN ELECTRIC INDUSTRIES INC (HE) do?
Hawaiian Electric Industries is a regulated electric utility providing power to approximately 95% of Hawaii's population across the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. The company generates, transmits, distributes, and sells electricity to residential, commercial, and industrial customers. It is primarily focused on the clean energy transition, grid modernization, and managing significant legal contingencies related to wildfires.
What sector is HAWAIIAN ELECTRIC INDUSTRIES INC (HE) in?
HAWAIIAN ELECTRIC INDUSTRIES INC (HE) is classified in the Utilities sector. Its industry is Electric Utilities. It trades on NYSE.
Does HE pay a dividend?
Yes — HAWAIIAN ELECTRIC INDUSTRIES INC (HE) pays a dividend, with an indicated yield of about 0.07% and 1-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are HAWAIIAN ELECTRIC INDUSTRIES INC's (HE) competitors?
Notable peers of HAWAIIAN ELECTRIC INDUSTRIES INC (HE) include NextEra Energy, Duke Energy, Southern Company, Dominion Energy and Evergy. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in HE?
Yes — we hold 1 matched STOCK Act disclosure for HE from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is HAWAIIAN ELECTRIC INDUSTRIES INC (HE) overbought or oversold right now?
HAWAIIAN ELECTRIC INDUSTRIES INC (HE) is currently in oversold territory (its 14-day RSI is 22, below 30) (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on HE come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.