Hawaiian Electric Industries

Hawaiian Electric Co., Inc. engages in the operations of overhead transmission lines, overhead distribution lines, underground cables, poles, and steel or aluminum high voltage transmission towers. The firm offers electric vehicles, business account services, customer renewable programs, and advanced meters. The company was founded in 1881 and is headquartered in Honolulu, HI.

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HEI reports strong earnings, confident in 2023 outlook

HEI's Q4 2022 earnings call highlighted solid financial performance, resilience under PBR, and confidence in delivering results in 2023. The company aims for 5% EPS growth, efficient cost management, and continued success in ASB's loan growth and digital initiatives.

HEI reports robust Q1 earnings, aligns with Hawaii's clean energy goals

HEI and ASB demonstrated strong financial performance in Q1 2023, with a focus on clean energy initiatives and stable banking operations.
Despite challenges from storm-related costs, both sectors showed resilience and profitability, supported by Hawaii's robust economy.
Opportunities for growth lie in renewable projects, stable banking operations, and alignment with Hawaii's clean energy objectives.

HEI reports solid Q2 earnings, advances clean energy initiatives

HEI and ASB showed strong financial performance and strategic progress in Q2 2023.
Challenges include managing expenses, NIM compression, and Tier 1 leverage ratio amidst growth.
Opportunities lie in clean energy initiatives, cost management, and strategic expansion plans.
Overall, HEI's focus on sustainability and financial strength positions it well for future growth.

Hawaiian Electric Industries reports resilient Q3 performance amidst wildfire challenges

Hawaiian Electric Industries navigated challenges from the August wildfires, reporting solid financial performance and emphasizing community support and grid resilience.
While facing financial impacts and operational uncertainties, HEI's proactive measures and commitment to core operations position them for long-term sustainability and growth.
The company's focus on stakeholder engagement, transparency, and strategic planning presents opportunities for enhancing resilience, innovation, and value creation.

HEI reports strong Q4 earnings, faces cash constraints, eyes growth

HEI's Q4 2023 performance reflects solid financial results and proactive community support initiatives.
Despite challenges in cash position and CapEx management, opportunities exist in legislative engagement and financing strategies.
ASB's stable performance and strategic financial management underscore resilience and growth potential.
Overall, HEI navigates financial constraints while leveraging opportunities for growth and regulatory compliance.

Hawaiian Electric Industries reports Q1 2024 mixed financial performance

HE's Q1 2024 performance showed mixed results across segments.
ASB bank demonstrated strength with improved profitability.
Challenges persist with utility net income impacted by wildfires.
Opportunities exist for growth through strategic initiatives.

HEI reports Q3 loss, ASB strong, settles Maui wildfires

HEI faced challenges in Q3 2024 due to wildfire liabilities and asset impairments, resulting in a consolidated net loss.
Despite the losses, American Savings Bank (ASB) performed well, and progress was made towards resolving insurer claims.
HEI's liquidity position is strong, and the company is actively addressing the settlement agreement for Maui wildfires.

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Hawaiian Electric Industries, Inc. is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment delivers banking and other financial services to Hawaii consumers and businesses. The Other segment consists of corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

Hawaiian Electric Industries and other defendants in lawsuits over the Maui wildfires in Hawaii have tentatively agreed to pay more than $4 billion in settlement amount, Bloomberg News reported on Thursday, citing people familiar with the matter.

Hawaiian Electric, others agree to proposed $4 bln Maui wildfire deal, Bloomberg reports

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HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries to Announce Second Quarter 2024 Results August 9; American Savings Bank to Announce Second Quarter 2024 Results July 30.

Hawaiian Electric Industries to Announce Second Quarter 2024 Results August 9; American Savings Bank to Announce Second Quarter 2024 Results July 30

Hawaiian Electric (NYSE: HE ) stock is up on Wednesday as the reports spread that Maui County is preparing to offer a settlement to those affected by the 2023 Maui fires. According to these reports, the county is weighing a settlement for thousands of people affected by the fires.

Why Is Hawaiian Electric (HE) Stock Up 15% Today?

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HONOLULU--(BUSINESS WIRE)--Hawaii Public Utilities Commission Approves Hawaiian Electric's $250M Utility Accounts Receivable Credit Facility.

Hawaii Public Utilities Commission Approves Hawaiian Electric's $250M Utility Accounts Receivable Credit Facility

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Utility stocks have historically been defensive, dividend-focused plays, but so far this year, utilities have become a hot sector among more aggressive investors. This is largely because of the impact of the AI revolution on electricity demand.

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Hawaiian Electric Industries, Inc. (NYSE:HE ) Q1 2024 Results Conference Call May 10, 2024 4:30 PM ET Company Participants Mateo Garcia - Director, Investor Relations Scott Seu - President and Chief Executive Officer Scott Deghetto - Executive Vice President, Chief Financial Officer and Treasurer Dane Teruya - Executive Vice President and Chief Financial Officer Shelee Kimura - President and Chief Executive Officer, Hawaiian Electric Company, Inc. Ann Teranishi - American Savings Bank President and CEO Conference Call Participants Michael Lonegan - Evercore Jonathan Reeder - Wells Fargo Paul Patterson - Glenrock Associates Operator Good day. My name is Brianna, and I will be your conference operator.

Hawaiian Electric Industries, Inc. (HE) Q1 2024 Earnings Call Transcript

HONOLULU--(BUSINESS WIRE)--HEI Reports First Quarter 2024 Results.

HEI Reports First Quarter 2024 Results

HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports First Quarter 2024 Financial Results.

American Savings Bank Reports First Quarter 2024 Financial Results

Hawaiian Electric Industries is weighing the sale of its American Savings Bank FSB, Bloomberg News reported on Thursday citing people familiar with the matter.

Hawaiian Electric weighing sale of American Savings Bank, Bloomberg News reports

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30.

Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30

Hawaiian Electric (NYSE: HE ) power outages are affecting a massive number of the power company's customers on the island of O'ahu. Almost 13,000 customers were affected by these Hawaiian Electric power outages.

Hawaiian Electric Power Outages: What to Know About Widespread O'ahu Outages

Hawaiian Electric urged Hawaii Island's residential and business customers to conserve electricity use on Monday due to several large generators being unavailable.

Hawaiian Electric urges Hawaii Island customers to conserve power

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Hawaiian Electric Industries, Inc. (HE) Q4 2023 Earnings Call Transcript

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CNBC found evidence of safety shortcomings in the public utility sector and a lack of state oversight.

Public utilities fall short on wildfire mitigation, putting residents and shareholders at risk

HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports Fourth Quarter and Full Year 2023 Financial Results.

American Savings Bank Reports Fourth Quarter and Full Year 2023 Financial Results

HONOLULU--(BUSINESS WIRE)--HEI to Announce Fourth Quarter and Full Year 2023 Results February 13; American Savings Bank to Announce 2023 Results January 30.

HEI to Announce Fourth Quarter and Full Year 2023 Results February 13; American Savings Bank to Announce 2023 Results January 30

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Electricity provider Hawaiian Electric on Monday said it was advancing a plan to replace six fossil-fuel generators at a major power plant with renewable energy sources as it transitions to cleaner power generation.

Hawaiian Electric pushes ahead with plan to retire aging fossil-fuel generators

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric's Waiau repower project selected.

Hawaiian Electric's Waiau Repower Project Selected

Hawaiian Electric Industries has dropped substantially and is down about 70 % in the past year. Based on both quantitative and qualitative factors, Hawaiian Electric Industries appears to be heading for outperformance going forward as the stock appears to have been "punished" too much. I'm issuing a Buy rating, but caution that Hawaiian Electric Industries should preferably be bought for a portfolio consisting of this and similar opportunities to mitigate risk.

Hawaiian Electric Industries: Why This Distressed Utility Is Primed To Outperform

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Hawaiian Electric Industries, Inc. (NYSE: HE) on behalf of long-term stockholders following a class action complaint that was filed against Hawaiian Electric on August 24, 2023 with a Class Period from February 28, 2019 to August 16, 2023. Our investigation concerns whether the board of directors of Hawaiian Electric have breached their fiduc.

HAWAIIAN ELECTRIC ALERT: Bragar Eagel & Squire, P.C. is Investigating Hawaiian Electric Industries, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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October's inflation data came in lower than expected. That could pave the way for lower interest rates.

News for Hawaiian Electric Industries Stock (HE)