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↓Deteriorating
- Unfavorable Price Risk Reward↑Improving
- Geographic Regulatory Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Hawaiian Electric Industries, I (HE) Stock Analysis
Utilities · Utilities - Regulated Electric
Sell if holding. Engine safety override at $11.73: 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: 12%; Elevated put/call ratio: 2.00; Below-average business quality.
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 $11.73: 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: 12%; Elevated put/call ratio: 2.00; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.7/10, moderate confidence.
Passes 4/7 gates (clean insider activity, earnings proximity 90d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-08-15Recent Developments — Hawaiian Electric Industries, I
Latest news
- NEWS Barclays Maintains Equal-Weight on Hawaiian Electric Indus, Lowers Price Target to $12 — benzinga Aug 11, 2026 neutral
- NEWS These Stocks Once Suffered Major Losses—Where Do The Companies Stand Today? — benzinga Aug 10, 2026 positive
- NEWS Aecom, Alcon And 3 Stocks To Watch Heading Into Monday — benzinga Aug 10, 2026 neutral
- NEWS Hawaiian Electric Indus Q2 Adj. EPS $0.13 Misses $0.17 Estimate, Sales $939.703B Up From $746.392M YoY — benzinga Aug 7, 2026 negative
- NEWS Hawaiian Electric Inks 30-Year Power Purchase Agreement With Kalaeloa Partners Over 208 Megawatts Of Firm Capacity; Fixe — benzinga Jul 31, 2026 positive
Generated 2026-08-16T00:32:05Z.
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.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
3 floor-breakers·1 ceiling hit
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 action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $11.73: 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: 12%; Elevated put/call ratio: 2.00; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $11.05. Score 5.7/10, moderate confidence.
Take-profit target: $13.42 (-13.6% upside). Prior stop was $11.05. Stop-loss: $11.05.
Concentration risk — Geographic: Hawaii; Concentration risk — Regulatory: PUC; Target reached (-13.6% upside).
Hawaiian Electric Industries, I trades at a P/E of 9.1 (forward 10.9). TrendMatrix value score: 6.8/10. Verdict: Sell.
10 analysts cover HE with a consensus score of 1.9/5. Average price target: $12.
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.