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 beat analyst expectations with preliminary numbers. However, the company said it would not be able to file SEC documents in a timely manner.

Why Hawaiian Electric Industries Plunged Today

Hawaiian Electric Industries, Inc. HE reported earnings per share (EPS) of 56 cents in the third quarter of 2023, meeting the Zacks Consensus Estimate. The bottom line, however, dropped 1.7% from 57 cents reported in the prior-year quarter.

Hawaiian Electric (HE) Q3 Earnings Meet Estimates, Revenues Fall

Hawaiian Electric Industries (HEI) told investors the fundamentals of its business remain strong months after deadly wildfires on Maui that are alleged to have started after it failed to de-energize its power lines. Reporting third-quarter results, Hawaii's largest supplier of electricity said while it suffered utility equipment damage and lost the branch of its ASB subsidiary in the town of Lahaina in the August fires, both its electric utility and the bank have made the necessary adjustments to continue serving the people of Maui.

Hawaiian Electric shares slide as it reports lower 3Q revenue and earnings after Maui wildfires

Hawaiian Electric Industries, Inc. (NYSE:HE ) Q3 2023 Earnings Conference Call November 9, 2023 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 Shelee Kimura – President and Chief Executive Officer-Hawaiian Electric Company, Inc. Paul Ito – Chief Financial Officer Conference Call Participants Mike Lonegan – Evercore Julien Dumoulin-Smith – Bank of America Paul Patterson – Glenrock Associates Operator Good day, everyone, and welcome to the Hawaiian Electric Industries Third Quarter 2023 Earnings Call. Today's call is being recorded and all lines have been placed on mute to prevent any background noise.

Hawaiian Electric Industries, Inc. (HE) Q3 2023 Earnings Call Transcript

HONOLULU--(BUSINESS WIRE)--HEI Reports Third Quarter 2023 Results.

HEI Reports Third Quarter 2023 Results

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric supports One ‘Ohana Initiative with statewide partners to aid healing, path forward for Hawai'i.

Hawaiian Electric supports One ‘Ohana Initiative with statewide partners to aid healing, path forward for Hawai'i

Utility firm Hawaiian Electric Industries said on Friday it was in discussions with the government and other parties to implement a new policy to de-energize power lines as a preventive measure to mitigate wildfire risks.

Hawaiian Electric discussing new policy to mitigate wildfire risks

Hawaiian Electric operates a utility in Hawaii. The company is under intense scrutiny over its role in the massive fires in that state.

Don't Believe Everything You Read. This Ultra-High Dividend Yield Is as Good as Gone.

HONOLULU--(BUSINESS WIRE)--American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported third quarter 2023 net income of $11.4 million, compared to $20.2 million in the second quarter of 2023 and $20.8 million in the third quarter of 2022. Core net income1 for the third quarter of 2023 was $17.6 million.

American Savings Bank Reports Third Quarter 2023 Financial Results

NEW YORK , Oct. 23, 2023 /PRNewswire/ -- Attention Hawaiian Electric Industries, Inc. ("Hawaiian Electric") (NYSE: HE) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between February 28, 2019 and August 16, 2023. If you suffered a loss on your investment in Hawaiian Electric, contact us about potential recovery by using the link below.

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Hawaiian Electric Investors of a Lead Plaintiff Deadline of October 23, 2023

LOS ANGELES, CA / ACCESSWIRE / October 23, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or "the Company") (NYSE:HE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 28, 2019 and August 16, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 23, 2023.

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Hawaiian Electric Industries, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hawaiian Electric Industries, Inc. (NYSE: HE) between February 28, 2019 and August 16, 2023, both dates inclusive (the “Class Period”), of the important October 23, 2023 lead plaintiff deadline. SO WHAT: If you purchased Hawaiian Electric securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingen.

HE DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Hawaiian Electric Industries, Inc. Investors to Secure Counsel Before Important October 23 Deadline in Securities Class Action – HE

LOS ANGELES, CA / ACCESSWIRE / October 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or "the Company") (NYSE:HE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 28, 2019 and August 16, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 23, 2023.

FINAL DEADLINE MONDAY: The Schall Law Firm Encourages Investors in Hawaiian Electric Industries, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 23, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) securities between February 28, 2019 and August 16, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On August 12, 2023, news outlets b.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hawaiian Electric Industries, Inc. (HE)

BENSALEM, Pa. , Oct. 20, 2023 /PRNewswire/ -- Law Offices of Howard G.

HE Investors Have Opportunity to Lead Hawaiian Electric Industries, Inc. Securities Fraud Lawsuit

Hawaiian Electric's stock has undergone a substantial two-thirds decline, attributed to potential liability arising from the Maui wildfires.

Hawaiian Electric: Risk-Reward Might Be Worth It

RADNOR, Pa. , Oct. 19, 2023 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Hawaiian Electric Industries, Inc. ("Hawaiian Electric") (NYSE: HE).

HECLASS ACTION ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Announces Securities Class Action Lawsuit Filed Against Hawaiian Electric Industries, Inc. (HE)

If you purchased or acquired securities investing in Hawaiian Electric stock or options between February 28, 2019 and August 16, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/HE.

HAWAIIAN ELECTRIC INVESTOR DEADLINE APPROACHING: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Hawaiian Electric To Contact Him Directly To Discuss Their Options

NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (NYSE: HE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Hawaiian Electric investors who were adversely affected by alleged securities fraud between February 28, 2019 and August 16, 2023.

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Hawaiian Electric Industries, Inc.(HE) Investors of a Class Action Lawsuit and Upcoming Deadline

CEDARHURST, N.Y. , Oct. 18, 2023 /PRNewswire/ -- The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of Hawaiian Electric Industries, Inc. (NYSE: HE), if they purchased the Company's securities between February 28, 2019 and August 16, 2023, inclusive (the "Class Period").

FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of Hawaiian Electric Industries, Inc. - HE

NEW YORK , Oct. 18, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hawaiian Electric Industries, Inc. (NYSE: HE) between February 28, 2019 and August 16, 2023, both dates inclusive (the "Class Period"), of the important October 23, 2023 lead plaintiff deadline. SO WHAT: If you purchased Hawaiian Electric securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

HE FINAL DEADLINE MONDAY: ROSEN, LEADING TRIAL ATTORNEYS, Encourages Hawaiian Electric Industries, Inc. Investors to Secure Counsel Before Important October 23 Deadline in Securities Class Action - HE

LOS ANGELES , Oct. 18, 2023 /PRNewswire/ --  The Schall Law Firm , a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or "the Company") (NYSE: HE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 28, 2019 and August 16, 2023, inclusive (the ''Class Period''), are encouraged to contact the firm before October 23, 2023.

MONDAY DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Hawaiian Electric Industries, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK , Oct. 17, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (NYSE: HE) and certain officers.   The class action, filed in the United States District Court for the Northern District of California, and docketed under 23-cv-04332, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Hawaiian Electric securities between February 28, 2019 and August 16, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hawaiian Electric Industries, Inc. of Class Action Lawsuit and Upcoming Deadline - HE

Exelon

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Hawaiian Electric (HE) and Exelon (EXC). But which of these two companies is the best option for those looking for undervalued stocks?

HE vs. EXC: Which Stock Is the Better Value Option?

NEW YORK , Oct. 17, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hawaiian Electric Industries, Inc.. Shareholders who purchased shares of HE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Hawaiian Electric Industries, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 - (NYSE: HE)

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