Hawaiian Electric Industries, Inc. (HE)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-09
$10.33-5.23%
Close 2026-09-09 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-09
Intact: The reason to own it still holds.
Hawaiian Electric is improving net income, up from $27.14M to $30.45M in Q1 2026. The company manages rising costs and expects EPS of at least $0.71 in 2026. Its valuation is cheap compared to peers with a P/E of 16.5 versus 25.3. Dividend yield is strong at 11%.
The company missed earnings recently and faces ongoing litigation risks. Rising operations and maintenance expenses could pressure profits. Revenue growth is modest and the stock has sold off 15% from its high.
The price is about 11% below our fair value near $15. Analysts expect about 5% revenue growth. Our view aligns with this but we see risks from cost pressures and legal issues.
Breaks if: EPS guidance falls below $0.71 for 2026
Breaks if: expenses rise sharply above 2025 levels in 2026
net income falls below $27M in any quarter after Q1 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on improving financial performance. The current thesis state is intact, although recent earnings misses raise some caution.
The market currently prices HE as cheap compared to its peers, reflecting a negative expectations gap. This suggests that investors may be anticipating challenges, particularly in a turbulent sector environment.
Management is focused on growing net income and improving financial performance, which has shown positive results recently. However, higher operational and maintenance expenses may impact core net income, creating a mixed outlook.
The thesis hinges on several factors, including management's ability to execute on their wildfire mitigation plan and control rising expenses. Additionally, the impact of potential Federal Reserve rate cuts and performance from sector peers will be crucial for future momentum.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. Earnings showed growth potential and strong performance. However, power outages hinder efforts to reduce wildfire risk. This creates uncertainty about future performance.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on enhancing net income results compared to previous periods.
Breaks if: P/E rises above peer median without earnings growth
In the next 1 to 3 years, HE's performance will depend on management execution and external economic factors. Not investment advice.