HE
Hawaiian Electric Industries, Inc.
HE
8.76USD
-0.68%
Oct 12, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown
The technical structure itself is broken across timeframes — the weakest entry profile.
Key Financials
- Market Cap
- $1.5B
- Avg Volume (60D)
- 2.7M
- Revenue Growth YoY
- -4.1%
- Gross Margin
- +11.5%
- Operating Margin
- +11.5%
- Free Cash Flow Yield
- -37.4%
- Distance from 200DMA
- -35.0%
- Next Earnings
- 2026-11-13
- P/E
- 6.7x
- EV / EBITDA
- 5.3x
- EV / Sales
- 1.1x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Oct 9, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Both valuation perspectives agree this company is cheap. The published stance is held at fair because no positive free cash flow behind the low multiple.
Hawaiian Electric Industries, Inc. has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Company Research
Thesis
Regulated electric-utility owner and operator that plans, procures, operates, and upgrades island-grid generation, transmission, distribution, and interconnection systems. HE is a genuine, but localized and highly idiosyncratic, grid-buildout participant.
Opportunity
Moderate opportunity
Utility investment in transmission, distribution, interconnection, grid controls, and related resilience upgrades needed to connect new generation, storage, distributed energy resources, and growing electric loads reliably.
Key risk
Regulatory changes impacting utility rates.
Narrative & Theme
Electric Grid Capacity Expansion
Part of Transmission and Interconnection Buildout, with moderate fit.
HE is a genuine, but localized and highly idiosyncratic, grid-buildout participant. Its current business is now essentially a pure-play Hawaii regulated utility following divestment of substantially all non-utility businesses.
Narrative HeatHot8.8 / 10
Theme HeatHeating up7.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Utilities · Utilities - Regulated Electric
What they do
Hawaiian Electric Industries, Inc. operates as an electric utility company providing electricity production, purchase, transmission, distribution, and sales across multiple Hawaiian islands, including Oahu, Hawaii, Maui, Lanai, and Molokai. It also invests in renewable energy and sustainable infrastructure within the State of Hawaii.
How it earns
The company generates revenue primarily through regulated electric utility services based on electricity sales to residential, commercial, and industrial customers.
Products & services
Electricity generation and distribution
Renewable energy investments and infrastructure
Customers & end markets
Residential customers
Commercial and industrial customers
Market position
Market leader in electric utility services within the Hawaiian islands.
Demand drivers
Low cyclicality
As a regulated utility, revenue is relatively stable and less sensitive to economic cycles.
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