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.

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hawaiian Electric Industries, Inc. (“Hawaiian Electric” or the “Company”) (NYSE: HE) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Hawaiian Electric securities between February 28, 2019 and August 16, 2023, both dates inc.

HAWAIIAN ELECTRIC ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Hawaiian Electric Industries, Inc. and Encourages Investors to Contact the Firm

Maui County filed a lawsuit Thursday against Hawaiian Electric Company, alleging that the utility company's negligence caused the devastating wildfires that burned thousands of acres of land in the state and killed more than 100 people earlier this month.

Maui government files lawsuit, accuses Hawaiian electric company of causing Lahaina wildfires

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements re: Hawaiian Electric business and prospects, resulting in its stock trading at inflated prices.

HAWAIIAN ELECTRIC INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Hawaiian Electric Industries, Inc. Investors with Substantial Losses Have Opportunity to Lead the Hawaiian Electric Class Action Lawsuit – HE

Maui County's lawsuit accuses the utility company of starting the fire.

Maui County Sues Hawaiian Electric Over Wildfires, Accusing It Of Negligence And Starting The Fire

Hawaiian Electric on Thursday said it is suspending its quarterly cash dividend beginning in the third quarter "to further increase its cash position".

Hawaiian Electric suspends dividend after Maui wilfires

Maui County has sued the utility company Hawaiian Electric for damages over the deadliest wildfires in the U.S. in more than a century. The county cited initial estimates from the Federal Emergency Management Agency that it will cost more than $5 billion to rebuild Lahaina.

Hawaiian Electric shares slide after Maui County sues for damages over deadly wildfires

Hawaiian Electric Industries Inc. HE, -2.06% said late Thursday that it is suspending its dividend, starting in the third quarter, “to further increase its cash position.” That will allow the company to continue to allocate cash to “rebuilding and restoring power and ensure a strong future for the utility,” it said.

Hawaiian Electric halts dividend to shore up cash position after Maui wildfires

HONOLULU — Maui County sued Hawaiian Electric Company on Thursday over the fires that devastated Lahaina, saying the utility negligently failed to shut off power despite exceptionally high winds and dry conditions.

Hawaiian Electric Co. sued, accused of negligence over fires that ravaged Maui

Shareholders of Hawaiian Electric on Thursday filed a lawsuit against the utility provider in a San Francisco federal court, alleging the company's failure to disclose important information about its wildfire prevention and safety protocols.

Shareholders sue Hawaiian Electric over Maui wildfires

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 to Contact the Firm

PG&E

The collapse in shares of Hawaiian Electric Industries $HE last week and the bankruptcy of California's PG&E $PCG almost five years ago after its downed wires sparked deadly wildfires are driving home a new dynamic to utility investors just as demands for a new grid infrastructure reach a frenzy.

Hawaii Electric, PG&E, and the new climate risk to utilities

NEW YORK , Aug. 22, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Hawaiian Electric Industries, Inc. (NYSE: HE) resulting from allegations that Hawaiian Electric may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Hawaiian Electric securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

HE LOSS ALERT: ROSEN, A LEADING LAW FIRM, Encourages Hawaiian Electric Industries, Inc. Investors With Losses in Excess of $100K to Inquire About Securities Class Action Investigation - HE

Hawaiian Electric Industries said on Tuesday it was seeking advice from Guggenheim Securities, after questions were raised over the utility's role in the Maui wildfires.

Hawaiian Electric engages with Guggenheim after Maui wildfire scrutiny

LOS ANGELES, CA / ACCESSWIRE / August 21, 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.

SHAREHOLDER ACTION 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

Fitch on Monday downgraded Hawaiian Electric Industries' credit rating to junk status, becoming the third ratings agency to flag risks associated with the utility's potential exposure to liabilities related to the wildfire in Maui.

Fitch downgrades Hawaiian Electric to junk on worries over wildfire exposure

The shares of Hawaiian Electric Industries, Inc.  (NYSE:HE) plummeted after the Maui wildfires that killed no fewer than 114 people -- the fifth-deadliest wildland fire in U.S. history -- broke out in early August.

Put Traders Target Hawaiian Electric Stock

Bank of Hawaii

Central Pacific Financial

First Hawaiian

Hawaiian Hlds

Host Hotels & Resorts

Matson

Maui Land & Pineapple

Devastating Maui wildfires have placed Hawaii-related stocks on investors' radar. Hawaii Electric faces lawsuit for role in blaze.

Maui Wildfires: Investors Assess Hawaii-Related Stocks, Power Provider Faces Lawsuit

INVESTIGATION ACTION 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

LOS ANGELES, CA / ACCESSWIRE / August 20, 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.

SHAREHOLDER ACTION NOTICE: 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

LOS ANGELES, CA / ACCESSWIRE / August 18, 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.

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

NEW YORK , Aug. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (NYSE: HE). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Hawaiian Electric Industries, Inc. - HE

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Hawaiian Electric is working to restore power to thousands of residents devastated by wildfires, as well as investor confidence with shares are near a 37 year low.

Hawaiian Electric investors hit by Maui wildfires

"We are seeking advice from various experts

Hawaiian Electric ‘Seeks Advice' but Says Goal Not to Restructure. The Market Isn't So Sure.

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. "The goal is not to restructure the company but to endure as a financially strong utility that Maui and this state need," the firm said.

News for Hawaiian Electric Industries Stock (HE)