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 is seeking expert advice amid growing scrutiny over its role in the Maui wildfires, but the largest power supplier in the US island state said on Friday that goal was not to restructure the company.

Hawaiian Electric takes expert help but says goal not to restructure

Hawaiian Electric Industries Inc. HE, -15.34% on Friday provided an update to investors on the recent wildfires in Maui and said that it's not planning a restructuring, but rather is seeking advice from experts to “endure” as a strong utility. The news released in a regulatory filing sent its battered stock up 2% premarket.

Hawaiian Electric says it's not planning a restructuring but rather seeking advice to ‘endure' as a strong utility

Ratings agency Moody's Investors Service downgraded utility Hawaiian Electric Industries's credit rating to junk status on Friday, the second such cut this week as investors worried about the company's potential role in the wake of the Maui wildfires.

Moody's downgrades Hawaiian Electric's credit to junk amid Maui wildfire scrutiny

LOS ANGELES, CA / ACCESSWIRE / August 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or "the Company") (NYSE:HE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Hawaiian Electric Industries, Inc. and Encourages Investors with Losses to Contact the Firm

HONOLULU--(BUSINESS WIRE)--Today, the Honolulu law firm Cronin, Fried, Sekiya, Kekina & Fairbanks, along with the national law firm of Baron & Budd, P.C., and Diab Chambers, LLP, filed the first reported lawsuit for damages on behalf of a victim of the Kula Fire. The lawsuit, which was filed in Honolulu's First Circuit Court, names Maui Electric Company Ltd., Hawaiian Electric Company, Inc., Hawai'i Electric Light Company, Inc., and Hawaiian Electric Industries, Inc. as Defendants. The.

Baron & Budd, Cronin, Fried, Sekiya, Kekina & Fairbanks, and Diab Chambers File Kula Fire Lawsuit Against Hawaiian Electric Company, Inc. on Behalf of Retired Maui Judge

The deadliest fire in modern U.S. history has brought attention to Hawaiian Electric—Hawaii's largest power company— for their role in their blaze.

Did Power Lines Start Maui's Wildfires? Why Hawaiian Electric Is Facing Lawsuits—And A Stock Selloff.

Shares of Hawaiian Electric Industries tumbled more than 20% on Thursday following a report that the largest power provider in Hawaii could be considering restructuring as it faces an onslaught of costly lawsuits for the role it may have played in Maui's devastating wildfires.

Hawaiian Electric stock plummets as lawsuits mount and talk of restructuring grows

Hawaiian Electric Industries, Inc shares slid 18% to $11.91 in early-afternoon trading on Thursday following a Wall Street Journal report the utility firm is in discussions with restructuring advisory companies to address financial and legal challenges over its potential liabilities due to the Maui wildfires.  Hawaiian Electric is allegedly in talks concerning strategies it can pursue and to determine whether it needs to hire legal and financial advisers.

Hawaiian Electric Industries stock drops as utility reportedly seeks help for Maui wildfires liabilities

Wolfspeed

Markets generally opened higher on Thursday. Hawaiian Electric stock plunged as reports surfaced that the electric utility might seek to restructure.

Investors Are Worried About These 2 Falling Stocks

Shares of Hawaiian Electric Industries Inc. HE, -15.90% on Thursday dropped to their lowest in 37 years in the wake of a report that the company is in talks with restructuring firms to explore legal and financial options following devastating wildfires in Maui. The utility's stock was down 22% to $11.31, poised for its lowest close since November 1985 and extending a losing streak to an eighth session.

Hawaiian Electric's stock drops to lowest in nearly 40 years as Maui wildfire concerns build

There are suggestions that the fires that took lives and destroyed property in Maui this month were triggered by Hawaiian Electric transmission lines. If so, there could be serious ramifications for the utility and its shareholders.

Why Hawaiian Electric Stock Plunged This Week

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Hawaiian Electric investments or would like to inquire about potentially pursuing claims to recover your loss.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Hawaiian Electric Industries, Inc. (HE) on Behalf of Investors

Devastating wildfires in Maui have caused Hawaiian Electric shares to plummet by 58.84%. The company's second quarter results showed stable revenues and operating income. The potential liability from the wildfires is the biggest risk to the company, with fears of bankruptcy and a junk bond rating.

Hawaiian Electric: Solid Q2 Results, But Avoid Due To Wildfire Liability Risk

Hawaiian Electric (NYSE: HE ) stock is falling on Thursday as a new lawsuit alleges mismanagement prior to the deadly Maui wildfires. According to this lawsuit, Hawaiian Electric failed to properly maintain power lines and equipment before the Maui fires broke out.

Why Is Hawaiian Electric (HE) Stock Down 17% Today?

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BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) investors concerning the Company's possible violations of federal securities laws. On August 13, 2023, The Washington Post reported that “Hawaiian Electric . . . did not deploy what's known as a ‘public power shutoff plan,' which involves intentionally cutting off electricity to areas where big wind events cou.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Hawaiian Electric Industries, Inc. (HE) on Behalf of Investors

Hawaiian Electric Industries Inc.'s stock HE, -1.52% cratered 25% in premarket trade Thursday, after a report the company is in restructuring talks to explore its legal and financial options following devastating wildfires in Maui. The utility is mulling the strategies it can pursue and is looking to determine whether it needs to hire legal and financial advisers, the report in the Wall Street Journal said, after lawsuits alleging that its actions contributed to the devastation caused by the wildfires.

Hawaiian Electric's stock slides 25% premarket on report utility is in restructuring talks

Ball

Cisco Systems

Cisco Systems Inc.'s CSCO stock initially tumbled before rising 4% after the computing giant reported fiscal fourth-quarter results. The company issued conservative full-year 2024 guidance that spooked some investors.

Cisco Systems and Ball Corp. shares rise, Hawaiian Electric stock slumps and other stocks on the move.

The recent wildfires in Maui have claimed the lives of more than 100 people, with the first identifications of victims materializing Tuesday.

Hawaiian Electric Accused Of Inaction Causing Maui Wildfire Disaster In Negligence Lawsuit

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 13, 2023, The Washington Post reported that “Hawaiian Electric . . . did not deploy what's known as a ‘public power shutoff plan,' which invol.

The Law Offices of Frank R. Cruz Announces Investigation of Hawaiian Electric Industries, Inc. (HE) on Behalf of Investors

The utility is facing mounting litigation alleging it was negligent before and during the Maui wildfires.

Hawaiian Electric Is in Talks With Restructuring Firms

Hawaiian Electric Industries Inc. is in talks with restructuring firms to explore its legal and financial options following devastating wildfires in Maui, the Wall Street Journal reported Wednesday, citing people familiar with the matter.

Hawaiian Electric in restructuring talks after Maui fires: Wall Street Journal

Hawaiian Electric Industries is speaking with restructuring advisory firms to address financial and legal challenges over its potential liabilities in the wake of the Maui wildfires, the Wall Street Journal reported on Wednesday.

Hawaiian Electric in talks with financial restructuring firms - WSJ

Awakened by howling winds that tore through his Maui neighborhood, Shane Treu went out at dawn and saw a wooden power pole suddenly snap with a flash, its sparking, popping line falling to the dry grass below and quickly igniting a row of flames.

Maui wildfires: Videos put scrutiny on downed power lines as possible cause

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) on behalf of Hawaiian Electric stockholders. Our investigation concerns whether Hawaiian Electric has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On Sunday, August 13, 2023.

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

News for Hawaiian Electric Industries Stock (HE)