Hawaiian Electric Industr.

Hawaiian Electric’s stock dropped to a 52‑week low of $10.78 and is trading just above that level. Technical indicators point to an oversold condition, while the shares have lost significant value year‑to‑date and over the past six months. For the second quarter the company reported core earnings of $0.13 per share (expectation $0.19) on revenue of $939.7 million; core net income declined versus the prior year. Analyst Ladenburg Thalmann rated the stock "Sell" with a $7.00 price target, and litigation related to the Lahaina fire carries liability and regulatory risks. » Więcej na de.investing.com

Hawaiian Electric reported adjusted earnings of $0.13 per share for Q2 2026, below analysts’ estimate of $0.19. Revenue was $939.7 million, with results pressured by higher operating and maintenance costs and increased interest expenses; an accounting one‑time effect from the Maui wildfire settlement boosted reported net income to $123.2 million. Management expects higher O&M costs in 2026, is preparing a rate reset for 2027 and plans a securitization of about $350 million for wildfire prevention. The stock hardly moved and remained near the low end of its 52‑week range. » Więcej na de.investing.com

S&P Global Ratings raised Hawaiian Electric’s rating from B+ to BB- and assigned a stable outlook as wildfire risk declines. The decision follows the Hawaii Public Utilities Commission’s approval to provide about $350 million in cost recovery for prevention investments over three years. Hawaiian Electric has implemented measures such as preventive power shutoffs, AI-supported cameras, weather stations and expanded vegetation management, with more than 75% of spending going to grid hardening. S&P expects an FFO-to-debt ratio of about 10.5% in 2026 and above 12% from 2027, affirmed the BB rating on HECO bonds and left the commercial paper rating at B; the recovery rating was adjusted from 1 to 2. » Więcej na de.investing.com