Hawaiian Electric Industries Inc (HE) Stock AnalysisHEHawaiian Electric Industries Inc

Hawaiian Electric Industries, Inc. is a holding company that provides energy services. The Company’s subsidiaries are principally engaged in electric utility and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. Its electric utility, Hawaiian Electric Company, Inc. (Hawaiian Electric), supplies power to approximately 95% of Hawaii’s population. The Company operates through the electric utility segment. Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric), are regulated electric utilities that provide essential electric service to approximately 95% of Hawaii’s population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. Its subsidiary, Pacific Current, LLC, invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii. It operates in the Utilities sector (ELECTRIC SERVICES industry).

Hawaiian Electric Industries (HE) is not a good buy right now. The current price is $8.76, and the stock has a low RSI of 26.116, indicating it is oversold but also reflects ongoing weakness. Analyst ratings are bearish, with Jefferies setting a target of $7, suggesting a potential downside of 20%. Additionally, the company has reported significant losses in the past, including a net income of -68 million USD in Q4 2024, which raises concerns about its financial stability.

5 analysts cover HE: 0 rate it Buy, 3 Hold and 2 Sell. The average price target is 11.00.