HE · Hawaiian Electric Industries Inc
$8.90
-0.03 (-0.34%)
At close · Oct 2
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 7, 2026
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
Market Cap
$1.57B
Shares
172.73M
Volume · Oct 2
2.24M
Avg daily vol (3M)
2.26M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$8.90
Open$9.03
Day$8.88–9.05
52W close$8.90–17.08
Avg vol 30d2.8M
Short int18.8M · 10.9% float · 6.8d
Short vol46%
Last earningsAug 7, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Nov 7, 2026
Est · unconfirmed
· in 5 wks
filed Aug 7, 2026
call held Aug 7, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$3.28B
Trailing 12 months
Net income (TTM)
$226.23M
Trailing 12 months
Revenue growth YoY
+25.9%
Year over year
Operating margin
11.5%
Trailing 12 months
P / E (TTM)
6.8
Trailing earnings · reciprocal yield 14.6%
FCF yield
-36.0%
TTM · current market cap
Return on invested capital
7.6%
Trailing 12 months
Net cash
−$2.03B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.3%
Year over year · more shares
Price change (1Y)
-19.9%
Trailing year
Short interest
10.9%
Latest settlement · 6.8 days to cover
AI Brief
Q2 FY26 earnings call · Aug 7, 2026
Q2 FY26
TL;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.
Bullish
- + 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
Bearish
- − 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
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−34%
below
Price vs 50-day avg
−20%
below
RSI (14)
17
oversold
MACD trend
Negative
52-week position
0%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−20%
trailing
6-month return
−42%
trailing
YTD return
−28%
this year
Relative strength
−54%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $11 › 200d $14 — 200d above 50d
Institutional flow
Distributing
2 of 339 funds reported for Sep 30 · net -9.7K sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
10.88% of float · ▲ +6.5% MoM · 6.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
339 holders — near 3-yr high, broad support
Squeeze score
66
elevated · 0–100
Fundamentals
Revenue growth
−4%
Y/Y
EPS growth
+106%
Y/Y
Free cash flow
$49.9M
Valuation
P/E 7
below peers
Balance sheet
$1.8B
net debt
Quant / Vol
risk profile
Volatility
32%
annualized · 1-yr
Max drawdown
−48%
past year
ATR
3.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Mar 31, 2026
2027
Consolidated base rates
5.3%
Average customer bill
$8 – $12
Separately recovered capital (approved bucket)
$250M
Separately recovered capital (pending approval)
$135M
2028
Average customer bill
$2 – $3
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−34%
Bearish
Price vs 50-day avg
−20%
Bearish
RSI (14)
17
Neutral
MACD trend
Negative
Bearish
52-week position
0%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $11 › 200d $14 — 200d above 50d
Institutional flow
Distributing
2 of 339 funds reported for Sep 30 · net -9.7K sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
10.88% of float · ▲ +6.5% MoM · 6.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
339 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $9
Now $9 · 0%
Range high $17
vs 200-day avg -34%
vs 50-day avg -20%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average fuel oil cost per barrel | $145.67 | Three months ended June 30 2026 | — |
| Based on GAAP - Return on average equity | 15% | Twelve months ended June 30 2026 | — |
| Based on Non-GAAP (core) - Return on average equity non-GAAP | 5.7% | Twelve months ended June 30 2026 | — |
| Kilowatthour sales (millions) | 2.02B | Three months ended June 30 2026 | — |
| Non-GAAP (Core) Diluted earnings per share non-GAAP | $0.13 | Three months ended June 30 2026 | — |
| Non-GAAP (Core) net income non-GAAP | 22.45M | Three months ended June 30 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net income (as reported) 123.2M
-103.51M Total Maui windstorm and wildfires related items, net (after tax)
+2.76M Loss on sale of a subsidiary and asset impairment (after tax)
= Non-GAAP (Core) net income 22.45M
|
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
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
|
$1.57B | -27.6% | -4.1% | 7.0 | 10.9% |
|
NEE
Nextera Energy Inc
|
$158.65B | -4.3% | -7.1% | 19.3 | 2.7% |
|
SO
Southern Co
|
$93.43B | -4.0% | +10.6% | 21.2 | 2.6% |
|
DUK
Duke Energy CORP
|
$89.47B | -2.6% | +35.1% | 17.6 | 0.0% |
|
NGG
National Grid PLC
|
$75.89B | -1.6% | — | — | 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 sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HE | -2.2% | -19.8% | -41.7% | -0.5% | -27.6% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -2.0% | -19.3% | -53.9% | -1.4% | -40.5% |