Hawaiian Electric Industries 2025 Financial Report Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 28 2026
0mins
Should l Buy HE?
Source: Yahoo Finance
- Declining Financial Performance: Hawaiian Electric Industries reported a net income of $123.1 million in 2025, a decrease from 2024, primarily due to rising operational and maintenance costs, interest expenses, and depreciation, indicating challenges in cost management.
- Renewable Energy Progress: The company achieved a 37% renewable portfolio standard in 2025, on track to meet the 40% statutory requirement by 2030, demonstrating its commitment to sustainability and strategic direction.
- Capital Expenditure Plans: Expected capital expenditures for 2026 range from $550 million to $700 million, increasing further to $600 million to $850 million in 2027 and 2028, reflecting ongoing investments in infrastructure and safety.
- Wildfire Settlement Progress: The company made significant strides in resolving the Maui wildfire tort settlement, with favorable court decisions supporting the settlement process, although ongoing uncertainty regarding outstanding appeals may delay the first settlement payment.
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Analyst Views on HE
Wall Street analysts forecast HE stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 14.750
Low
10.00
Averages
11.00
High
12.00
Current: 14.750
Low
10.00
Averages
11.00
High
12.00
About HE
Hawaiian Electric Industries, Inc. is a holding company that provides energy services. The Company’s subsidiaries are principally engaged in electric utility and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. Its electric utility, Hawaiian Electric Company, Inc. (Hawaiian Electric), supplies power to approximately 95% of Hawaii’s population. The Company operates through the electric utility segment. Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric), are regulated electric utilities that provide essential electric service to approximately 95% of Hawaii’s population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. Its subsidiary, Pacific Current, LLC, invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HAWAIIAN ELECTRIC REPORTS APPROXIMATELY 6,500 OAHU CUSTOMERS WITHOUT POWER, MOSTLY IN THE NORTH SHORE REGION
- Power Outage in Oahu: Approximately 6,500 customers in Oahu are currently without electricity.
- Affected Areas: The outage includes around 6,400 customers specifically in the North Shore area.
See More
HAWAIIAN ELECTRIC INITIATES POWER RESTORATION ON OAHU'S NORTH SHORE; TEAMS EVALUATING CIRCUITS THAT WERE PROACTIVELY SHUT DOWN DUE TO FLOODING
Power Restoration Process: Crews are currently working on restoring power on Oahu's North Shore after recent flooding.
Assessment of Circuits: Teams are actively assessing circuits that have been turned off due to the flooding conditions.
See More
HAWAIIAN ELECTRIC TO EVALUATE POWER INFRASTRUCTURE ON OAHU'S NORTH SHORE FOLLOWING FLOODING; 4,200 CUSTOMERS EXPERIENCING POWER OUTAGES
Hawaiian Electric's Assessment: Hawaiian Electric is conducting an assessment of the electrical infrastructure on Oahu's North Shore following recent flooding events.
Power Outages: Approximately 4,200 customers are currently without power due to the impacts of the flooding on the electrical system.
See More
HAWAIIAN ELECTRIC - PROACTIVE POWER SHUTOFF ON OAHU DUE TO SEVERE FLOODING FROM SECOND KONA LOW STORM
Severe Weather Impact: Hawaii is experiencing catastrophic flooding due to the second Kona low storm, leading to significant disruptions and damage.
Emergency Measures: Proactive shutdowns have been implemented on Oahu to mitigate the effects of the storm and ensure public safety.
See More
12 West Capital Management Acquires Hawaiian Electric Shares
- New Investment Disclosure: On February 17, 2026, 12 West Capital Management disclosed a new position by acquiring 1.85 million shares of Hawaiian Electric Industries, valued at approximately $22.75 million, indicating the fund's confidence in the utility sector.
- Ownership Proportion Analysis: This acquisition represents 2.71% of the fund's 13F reportable assets, showcasing a strategic allocation in its diversified portfolio, particularly within the utility industry.
- Market Performance Review: As of March 19, 2026, Hawaiian Electric's shares were priced at $14.28, reflecting a 29.9% increase over the past year, driven by rising electricity demand linked to the growth of the artificial intelligence sector.
- Environmental Challenges: Despite strong stock performance, Hawaiian Electric has faced recent pullbacks due to community opposition to data center developments, highlighting market concerns regarding environmental impact and energy consumption.
See More
Wall Street Major Averages Rise as Oil Prices Decline Slightly
- Market Recovery: On Monday, the S&P 500 rose by 1%, the Nasdaq Composite increased by 1.2%, and the Dow Jones Industrial Average climbed by 0.8%, indicating a gradual restoration of investor confidence, particularly as oil prices experienced a slight decline.
- Surge in AI Demand: Nvidia CEO Jensen Huang announced at the annual GTC event that GPU demand reached $500 billion last year, with projections of at least $1 trillion by 2027, highlighting the company's robust growth potential in the AI sector.
- Leadership Overhaul: Fortune Brands Innovations appointed David Barry as interim CEO while initiating a search for a permanent successor, with former CEO Nicholas Fink accelerating his departure, indicating a significant strategic shift within the company.
- Settlement Approval: Hawaiian Electric announced that the U.S. District Court granted preliminary approval for a derivative settlement agreement with shareholders, involving a $100 million payment to resolve all pending derivative lawsuits, marking a reduction in the company's legal risks.
See More
HAWAIIAN ELECTRIC REPORTS APPROXIMATELY 6,500 OAHU CUSTOMERS WITHOUT POWER, MOSTLY IN THE NORTH SHORE REGION
- Power Outage in Oahu: Approximately 6,500 customers in Oahu are currently without electricity.
- Affected Areas: The outage includes around 6,400 customers specifically in the North Shore area.
See More
HAWAIIAN ELECTRIC INITIATES POWER RESTORATION ON OAHU'S NORTH SHORE; TEAMS EVALUATING CIRCUITS THAT WERE PROACTIVELY SHUT DOWN DUE TO FLOODING
Power Restoration Process: Crews are currently working on restoring power on Oahu's North Shore after recent flooding.
Assessment of Circuits: Teams are actively assessing circuits that have been turned off due to the flooding conditions.
See More
HAWAIIAN ELECTRIC TO EVALUATE POWER INFRASTRUCTURE ON OAHU'S NORTH SHORE FOLLOWING FLOODING; 4,200 CUSTOMERS EXPERIENCING POWER OUTAGES
Hawaiian Electric's Assessment: Hawaiian Electric is conducting an assessment of the electrical infrastructure on Oahu's North Shore following recent flooding events.
Power Outages: Approximately 4,200 customers are currently without power due to the impacts of the flooding on the electrical system.
See More
HAWAIIAN ELECTRIC - PROACTIVE POWER SHUTOFF ON OAHU DUE TO SEVERE FLOODING FROM SECOND KONA LOW STORM
Severe Weather Impact: Hawaii is experiencing catastrophic flooding due to the second Kona low storm, leading to significant disruptions and damage.
Emergency Measures: Proactive shutdowns have been implemented on Oahu to mitigate the effects of the storm and ensure public safety.
See More
12 West Capital Management Acquires Hawaiian Electric Shares
- New Investment Disclosure: On February 17, 2026, 12 West Capital Management disclosed a new position by acquiring 1.85 million shares of Hawaiian Electric Industries, valued at approximately $22.75 million, indicating the fund's confidence in the utility sector.
- Ownership Proportion Analysis: This acquisition represents 2.71% of the fund's 13F reportable assets, showcasing a strategic allocation in its diversified portfolio, particularly within the utility industry.
- Market Performance Review: As of March 19, 2026, Hawaiian Electric's shares were priced at $14.28, reflecting a 29.9% increase over the past year, driven by rising electricity demand linked to the growth of the artificial intelligence sector.
- Environmental Challenges: Despite strong stock performance, Hawaiian Electric has faced recent pullbacks due to community opposition to data center developments, highlighting market concerns regarding environmental impact and energy consumption.
See More
Wall Street Major Averages Rise as Oil Prices Decline Slightly
- Market Recovery: On Monday, the S&P 500 rose by 1%, the Nasdaq Composite increased by 1.2%, and the Dow Jones Industrial Average climbed by 0.8%, indicating a gradual restoration of investor confidence, particularly as oil prices experienced a slight decline.
- Surge in AI Demand: Nvidia CEO Jensen Huang announced at the annual GTC event that GPU demand reached $500 billion last year, with projections of at least $1 trillion by 2027, highlighting the company's robust growth potential in the AI sector.
- Leadership Overhaul: Fortune Brands Innovations appointed David Barry as interim CEO while initiating a search for a permanent successor, with former CEO Nicholas Fink accelerating his departure, indicating a significant strategic shift within the company.
- Settlement Approval: Hawaiian Electric announced that the U.S. District Court granted preliminary approval for a derivative settlement agreement with shareholders, involving a $100 million payment to resolve all pending derivative lawsuits, marking a reduction in the company's legal risks.
See More
