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.

Shares of Hawaiian Electric Industries Inc. skyrocketed after the electric company responded to a lawsuit filed by Maui County over the deadly Lahaina fires, by calling the suit “factually and legally irresponsible.”

Hawaiian Electric's stock soars toward a record gain after update on cause of Lahaina fires

Hawaiian Electric said power lines toppled by high winds likely caused the morning fire in Lahaina but electricity was off when a second fire occurred.

Hawaiian Electric points finger at Maui County over devastating wildfires, stock jumps 40%

Hawaiian Electric (NYSE: HE ) stock is on the rise Monday after the company refuted claims that it was responsible for the Maui wildfires. In responding to a lawsuit seeking to hold it accountable for the wildfires, Hawaiian Electric notes that its power lines had been de-energized for six hours before the fire started.

HE Stock Alert: Hawaiian Electric Surges on Maui Wildfires Update

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The company said it believes a lawsuit from Maui County that it acted negligently before deadly wildfires on the island is “factually and legally irresponsible.”

Hawaiian Electric Attacks Maui Wildfire Allegations. Its Stock Surges.

Hawaiian Electric on Monday said that the lawsuit filed against it by the County of Maui is "factually and legally irresponsible," pointing to the county's responsibility in the Hawaii wildfires.

Hawaiian Electric calls Maui county's wildfire lawsuit 'irresponsible'

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric provides update on Lahaina fires, response.

Hawaiian Electric Provides Update on Lahaina Fires, Response

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 23, 2023 to file lead plaintiff applications in a securities class action lawsuit against 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”). This action is pending in the United States District.

HAWAIIAN ELECTRIC SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Hawaiian Electric Industries, Inc. - HE

RADNOR, Pa. , Aug. 27, 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).

Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against Hawaiian Electric Industries, Inc.

SAN DIEGO , Aug. 26, 2023 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Hawaiian Electric Industries, Inc. (NYSE: HE) securities between February 28, 2019 and August 16, 2023, both dates inclusive (the "Class Period") have until October 23, 2023 to seek appointment as lead plaintiff of the Hawaiian Electric class action lawsuit. Captioned Bhangal v.

HAWAIIAN ELECTRIC INVESTOR ALERT: Hawaiian Electric Industries, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - HE

NEW YORK , Aug. 26, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (NYSE: HE) and reminds investors of the October 23, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you suffered losses exceeding $100,000 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.

HAWAIIAN ELECTRIC SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Hawaiian Electric To Contact Him Directly To Discuss Their Options

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--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). The action charges Hawaiian Electric with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Hawaiian Electric's materially mi.

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

SAN DIEGO--(BUSINESS WIRE)---- $HE #HawaiianElectricIndustriesInc--Hawaiian Electric Industries, Inc. (HE) Failed to Maintain a Public Power Shutoff Plan Resulting in Catastrophic Loss in Maui.

Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Hawaiian Electric Industries, Inc. (HE)

Hawaiian Electric shares on Friday plunged to their lowest level since 1984 as a lawsuit alleging negligence leading to Maui wildfires raised investor worries over the financial health of the utility that has paused dividend payout.

Hawaiian Electric shares sink on wildfire lawsuit, dividend pause, ratings cut

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Hawaiian Electric Industries, Inc. (NYSE: HE) between February 28, 2019 and August 16, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 23, 2023. SO WHAT: If you purchased Hawaiian Electric secur.

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Hawaiian Electric Industries, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – HE

Shares of Hawaiian Electric tanked 75% this month as credit rating downgrades and lawsuits piled up.

Bankruptcy ‘Most Plausible' Outcome For Hawaiian Electric As Stock Slides And Allegations Over Maui Fire Grow, Wells Fargo Says

Hawaiian Electric Industries (NYSE: HE ) stock is decreasing on Friday after the company provided investors with an update after the Maui wildfires. According to a press release from the company, it's taking certain actions in response to the wildfire.

Why Is Hawaiian Electric Industries (HE) Stock Down 23% Today?

Hawaiian Electric Industries Inc fell 21% in pre-market trading hit by a plethora of bad news as the company's woes show no sign of ending anytime soon. After the closing bell Thursday, the firm said it was suspending its dividend, starting in the third quarter, in a move aimed at further increasing its cash position.

Hawaiian Electric shares hit by cocktail of bad news

Hawaiian Electric Industries Inc.'s stock HE, -2.06% fell another 21% in premarket trade Friday, after Standard & Poor's again downgraded its rating, sending it further into junk territory, as the problems stemming from the Maui wildfires worsened. On Thursday, Maui County sued the utility over the fires, saying the utility failed to shut off power despite exceptionally high winds and dry conditions.

Hawaiian Electric's stock slides 21% premarket after S&P cuts rating further into junk territory

Hawaiian Electric's CEO received an annual bonus last year tied to profit, worker safety and bolstering the supply of renewable energy, but not linked specifically to reducing wildfire risk, according to a Reuters review of company disclosures.

Hawaiian Electric CEO's bonus lacked incentive to cut wildfire risk, documents show

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Hawaiian Electric stock falls on dividend halt, lawsuit, while Marvell shares also slide, along with other moving stocks

The embattled utility provider ensnared in the fallout of the Maui wildfire tragedy has cut its dividend as it faces a major new lawsuit.

Hawaiian Electric Suspends Dividend. Stock Drops on Legal, Cash Flow Troubles.

LOS ANGELES, CA / ACCESSWIRE / August 24, 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 ALERT: The Schall Law Firm Announces it is Investigating Claims Against Hawaiian Electric Industries, Inc. and Encourages Investors with Losses In Excess of $500,000 to Contact the Firm

The S&P Global Ratings on Thursday downgraded Hawaiian Electric and all of its rated subsidiaries to 'B-' from 'BB-', citing company's likely inconsistent access to the capital markets.

News for Hawaiian Electric Industries Stock (HE)