Hawaiian Electric Industries trades with an unfavorable 0.41-to-1 reward-to-risk and below-minimum quality metrics, compounded by meaningful geographic and regulatory concentration in a single island state and a recent significant earnings miss — the combination of these factors points to a setup that warrants caution.
Thesis pillars
- Quality Below Minimum Floor→Stable
- Unfavorable Price Risk Reward↑Improving
- Geographic Regulatory Concentration→Stable
- +1 more pillar — see the Why tab for full reasoning
Hawaiian Electric Industries, I (HE) Stock Analysis
Falling Knife setup · Inst Constrain edge
Utilities · Utilities - Regulated Electric
Sell if holding. Engine safety override at $9.10: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: High short interest: 15%; Below-average business quality; Negative price momentum.
Hawaiian Electric Industries is a holding company whose regulated utility subsidiaries — Hawaiian Electric, Hawaii Electric Light, and Maui Electric — serve approximately 95% of Hawaii's population across five island grids. Utility electric sales revenues totaled $3.02 billion... Read more
Sell if holding. Engine safety override at $9.10: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: High short interest: 15%; Below-average business quality; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 9, MACD bearish. Score 5.7/10, moderate confidence.
Passes 5/9 gates (clean insider activity, news events none recent, earnings proximity 48d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated 2026-09-26Recent Developments — Hawaiian Electric Industries, I
Latest news
- NEWS Hawaiian Electric Industries Monetizes 30% Of Its 9.9% Stake In American Savings Bank; Sale Of ~2M Shares Yields Net Pro — benzinga Sep 21, 2026 positive
- NEWS Ladenburg Thalmann Initiates Coverage On Hawaiian Electric Indus with Sell Rating, Announces Price Target of $7 — benzinga Sep 8, 2026 negative
- NEWS Top 3 Utilities Stocks That May Rocket Higher This Quarter — benzinga Aug 26, 2026 positive
- NEWS Perfect Stocks Portfolio: August 2026 Edition — benzinga Aug 20, 2026 neutral
- NEWS Barclays Maintains Equal-Weight on Hawaiian Electric Indus, Lowers Price Target to $12 — benzinga Aug 11, 2026 neutral
Generated 2026-09-26T16:02:03Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicHawaii10-K Item 1A: 'The business of the Utilities is concentrated on the individual islands they serve in the State of Hawaii.'
- HIGHregulatoryPUC10-K Item 1: 'HEI is subject to an agreement entered into with the PUC (the PUC Agreement) which, among other things, requires PUC approval of any change in control of HEI.'
Material Events(8-K, last 90d)
- 2026-04-10Item 5.02HIGHEVP & CFO Scott T. DeGhetto's term as principal financial officer ended April 1, 2026. No successor named. Entered 1-year consulting agreement via Emberstone, LLC at $200,000/month plus $1,350,000 special projects fee.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $9.10: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: High short interest: 15%; Below-average business quality; Negative price momentum. Chart setup: Death cross, below all MAs, RSI 9, MACD bearish. Prior stop was $8.73. Score 5.7/10, moderate confidence.
Take-profit target: $11.37 (-8.3% upside). Prior stop was $8.73. Stop-loss: $8.73.
Concentration risk — Geographic: Hawaii; Concentration risk — Regulatory: PUC; Target reached (-8.3% upside).
Hawaiian Electric Industries, I trades at a P/E of 7.1 (forward 8.9). TrendMatrix value score: 7.1/10. Verdict: Sell.
10 analysts cover HE with a consensus score of 1.9/5. Average price target: $10.
What does Hawaiian Electric Industries, I do?Hawaiian Electric Industries is a holding company whose regulated utility subsidiaries — Hawaiian Electric, Hawaii...
Hawaiian Electric Industries is a holding company whose regulated utility subsidiaries — Hawaiian Electric, Hawaii Electric Light, and Maui Electric — serve approximately 95% of Hawaii's population across five island grids. Utility electric sales revenues totaled $3.02 billion in 2025, earned through PUC-authorized mechanisms including sales decoupling and annual revenue adjustments.