MARKET COMPOSITE
HE - Hawaiian Electric Industries, Inc.8:00:02 PM 4/26/2024
Price
$9.88
-0.62 (-5.90%)
Hawaiian Electric Industries, Inc. is the largest supplier of electricity in the state of Hawaii, supplying power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company, Inc., Hawai'i Electric Light Company, Inc. and Maui Electric Company, Limited. In addition, HEI owns a financial institution serving Hawaii, American Savings Bank. HECO, HELCO, and MECO employ more than 2,000 people. Approximately 20,000 Hawaii residents are shareholders of HECO’s parent company, Hawaiian Electric Industries. The company is headquartered in Honolulu. Net income was 219 million dollars on sales of 2.874B for 2019.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue861.9MM+5%
Operating Income91MM+21%
Operating Expenses770.9MM-
Net Income49.3MM+18%
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Stock news

    Update: Market Chatter: Hawaiian Electric Industries Considering American Savings Bank Sale

    Sector Update: Energy Stocks Rise in Thursday Afternoon Trading

    Hawaiian Electric is working with advisers to consider various options for the bank, including a full or partial sale, the report said, which added that no final decision has been made. Hawaiian Electric in an emailed statement to Reuters said it does not comment on "rumors or speculation", while American Savings Bank did not immediately reply to a request for comment. Shares of Hawaiian Electric were down 4.5% at $10.40 in afternoon trade.

    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 is working with advisers to consider various options for the bank, including a full or partial sale, the report said, which added that no final decision has been made. Hawaiian Electric in an emailed statement to Reuters said it does not comment on "rumors or speculation", while American Savings Bank did not immediate...

    Hawaiian Electric on Wednesday told customers to resume using electricity a normal, ending a call to conserve power on Hawaii Island after its generation capacity dropped due to some units going out of service. These units have a combined production capacity of up to 53 megawatts (MW), which could account for nearly one-third of Hawaii Island's typical peak demand of 180 MW. Hawaiian Electric and independent power producer Hamakua Energy continue to troubleshoot and repair the generating units...

    Hawaii attorney general’s report offers details about high winds and a downed power line on the day catastrophic flames engulfed Lahaina on Maui last summer.

    (Bloomberg) -- Maui Fire Department officials defended their initial response to what became the deadliest fire in Hawaii history, saying they stayed at the scene of the Aug. 8 blaze until it was fully extinguished.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Powell Signals Rate-Cut Delay After Run of Inflation SurprisesRed Lobster Cons

    Shares of Hawaiian Electric (HE) fall to a 40-year low. The lows come as the Maui Fire Department is set to release its After Action Report which details how the agency responded to the Maui fires last August. According to a Bloomberg report. the leaked report clears first responders of responsibility, which raises questions about the liability that falls onto Hawaiian Electric. According to a New York Times article, Hawaiian Electric acknowledged that one of its power lines fell and caused a fi...

    HONOLULU, April 16, 2024--Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30

    Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran. U.S. major averages display mixed performances as of midday trading Tuesday. The S&P 500 holds steady at 5,200 points, while blue-chip stocks outperform the broader market, and small caps experience some declines. In its April World Economic Outlook, the International Monetary Fund raised growth projections for the