Hawaiian Electric Industries, I
HE Mid CapUtilities · Utilities - Regulated Electric
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
Hawaiian Electric Industries, I Stock at a Glance
Hawaiian Electric Industries, I (HE) is currently trading at $13.38 with a market capitalization of $2.3B. The trailing P/E ratio stands at 18.08x, with a forward P/E of 11.89x. The 52-week range spans from $10.20 to $17.38; the current price is 23% below the yearly high. Year-over-year revenue growth stands at +0.3%. The net profit margin stands at 4.11%.
💰 Dividend
Hawaiian Electric Industries, I currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.
📊 Analyst Rating
3 analysts rate Hawaiian Electric Industries, I (HE) on consensus: Underperform. The average price target is $13.75, implying +2.77% from the current price. Analyst price targets range from $13.50 to $14.00.
Hawaiian Electric Industries, I: The Investment Case in Detail
Hawaiian Electric Industries, I (HE) operates in the Utilities — specifically Utilities - Regulated Electric — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bear Case
Revenue growth has slowed to just 0.3%, which is below nominal GDP — the business is no longer outgrowing the broader economy. With a net margin of just 4.11%, the business has little room to absorb cost shocks or pricing pressure — a single bad quarter can swing the company to a loss. Short interest sits at 12.55% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.
Valuation in Context
The EV/EBITDA multiple of 9.11x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.
What to Watch Next
- The forward P/E of 11.89x is meaningfully below the trailing 18.08x — analysts expect earnings to step up; the next earnings release is the test.
Investment Thesis: Strengths & Weaknesses
- Positive free cash flow
- –Low profitability (4.11% margin)
- –High leverage (D/E 179.96)
- –High short interest (12.55%)
Technical Snapshot
The price is in a transition zone relative to the moving averages — no clear signal.
Risk Profile
The data points to relatively defensive market behavior, elevated short interest (12.55%), higher leverage relative to equity.
Trading Data
Related Stocks in the Same Sector
More Utilities stocks
Top peers in the same sector — ranked by market cap.
Where can I buy Hawaiian Electric Industries, I?
Compare top-rated brokers — low fees, trusted providers, fully regulated.
Live Market Data
Real-time chart, financials, earnings, analysts, insider trades, events & news