HE · Hawaiian Electric Industries Inc
Substantial doubt about the company's ability to continue as a going concern.
“the ability to raise the amount of capital necessary on reasonable terms, if at all, for the Company's and the Utilities' contribution to the Maui wildfire tort litigation settlement in order to alleviate future conditions that may cause substantial doubt about HEI's and the Utilities' ability to continue as a going concern”View the 10-Q filed Aug 7, 2026
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AI Brief
Q2 FY26 earnings call · Aug 7, 2026TL;DR. HEI reported Q2 2026 GAAP net income of $123.2M boosted by a $153.9M non-cash Maui wildfire settlement remeasurement benefit, while Core EPS fell to $0.13 from $0.20, with the PUC approving $350M of Wildfire Mitigation Plan cost recovery (to be pursued via securitization), $170M rate rebasing request accepted, and an S&P one-notch credit upgrade.
- + PUC approved $350M of Wildfire Mitigation Plan cost recovery with securitization pathway
- + S&P upgraded HEI and Hawaiian Electric one notch to BB- and revised business risk profile to satisfactory
- + PUC accepted rate rebasing methodology with proposed $170M phased base rate increase starting January 2027
- + IGP RFP submitted to PUC seeking 1,650 GWh of renewables, 465 MW of grid-forming resources, and 111 MW of firm capacity
- + PUC approved two additional Stage 3 solar plus storage PPAs, bringing approved Stage 3 contracts to 166 MW solar and 670 MWh battery storage
- − Core EPS declined to $0.13 from $0.20 on lower utility core income and higher holding company core net loss
- − Holding company core net loss widened to $10.1M from $7.1M on lower interest income after first settlement payment
- − PUC requires additional demonstration of need before approving new 500 MW firm generation RFP on Oahu
- − JIRA filed with PUC proposing to establish a new regulated generation utility in Hawaii
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Utilities - Regulated Electric — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HE
this stock
Hawaiian Electric Industries Inc
|
$1.79B | -15.6% | -4.1% | 8.0 | 10.2% |
|
NEE
Nextera Energy Inc
|
$171.64B | +2.5% | -7.1% | 20.9 | 2.4% |
|
SO
Southern Co
|
$98.27B | 0.0% | +10.6% | 22.3 | 3.1% |
|
DUK
Duke Energy CORP
|
$93.10B | +1.9% | +35.1% | 18.3 | 2.2% |
|
NGG
National Grid PLC
|
$77.27B | -0.6% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HE | -6.4% | -12.3% | -26.2% | -7.5% | -15.6% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | -5.3% | -10.5% | -44.0% | -7.1% | -27.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.