HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
Utilities · Regulated electric utilities · NYSE
Hawaiian Electric Industries is a regulated electric utility holding company serving 95% of Hawaii's population across five island grids while navigating significant wildfire liabilities and a strategic pivot away from growth-stage renewable infrastructure investments.
What HAWAIIAN ELECTRIC INDUSTRIES INC does
Hawaiian Electric Industries is a holding company primarily engaged in providing regulated electric utility service to approximately 95% of Hawaii's population through its subsidiary Hawaiian Electric and its operating subsidiaries (Hawaii Electric Light and Maui Electric), which operate five separate grids serving the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. The company also operates Pacific Current, a subsidiary focused on non-regulated clean energy and sustainable infrastructure investments in Hawaii, though it has suspended new investments following the Maui windstorm and wildfires. Prior to late 2024, HEI also owned ASB, a federally chartered community bank, which was sold on December 31, 2024.
Themes: ["Electric utility / regulated power","Hawaii renewable energy","Sustainable infrastructure","Grid operations"]
Fundamentals
- Price$13.38 as of 2026-07-09 close
- Market cap$2.3B as of 2026-07-10
- 1-year return+24.8% as of 2026-07-09 close
- P/E17.84 as of 2026-07-10
- Net margin+4.2% as of 2026-07-10
- Gross margin+7.3% as of 2026-07-10
- ROE+8.1% as of 2026-07-10
- Debt / equity1.78 as of 2026-07-10
- Revenue growth (YoY)-8.6% as of 2026-07-10
- Revenue CAGR (3y)-3.4% SEC XBRL
- Beta0.52 as of 2026-07-10
Dividend: yield +0.1%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant wildfire tort-related liabilities (balance sheet shows $1.44 billion in noncurrent wildfire tort claims as of March 31, 2026) arising from the Maui windstorm and wildfires.","Dependence on regulatory approval from the Hawaii Public Utilities Commission (PUC) for changes in control, dividend payments, and intercompany transactions, limiting operational and financial flexibility.","Revenue decline of 8.57% year-over-year and suspension of new Pacific Current renewable infrastructure investments due to post-wildfire strategic review, impacting growth and diversification."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.