Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. The Bank segment operates a federally chartered savings bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
Future Outlook | Analyst targets range from $9.00 to $11.50, with projected EPS growth despite ongoing challenges in regulatory landscape and settlement financing |
Risk Mitigation Efforts | Learn about HE's Public Safety Power Shutoff program and grid hardening initiatives, aimed at enhancing safety and rebuilding public trust |
Strategic Reshaping | Explore HE's potential $500M sale of American Savings Bank and Pacific Current projects, signaling a shift towards core utility operations |
Financial Turmoil | Hawaiian Electric grapples with wildfire settlement fallout, reporting negative ROE and missed earnings estimates amid increased operational costs |
Metrics to compare | HE | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipHEPeersSector | |
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P/E Ratio | −1.2x | 18.3x | 11.9x | |
PEG Ratio | 0.00 | 2.21 | 0.02 | |
Price / Book | 1.0x | 1.7x | 1.3x | |
Price / LTM Sales | 0.4x | 2.3x | 1.5x | |
Upside (Analyst Target) | 13.9% | 7.3% | 21.5% | |
Fair Value Upside | Unlock | −14.0% | 4.2% | Unlock |