Hawaiian Electric Reaches Derivative Settlement Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy HE?
Source: seekingalpha
- Preliminary Approval Granted: Hawaiian Electric announced that the U.S. District Court for the District of Hawaii has granted preliminary approval for a derivative settlement agreement with shareholders, which is expected to resolve all pending relevant derivative lawsuits, marking a significant reduction in the company's legal risks.
- Settlement Amount Established: The agreement stipulates a payment of $100 million to fully resolve all claims asserted in the derivative actions, a figure that not only helps eliminate legal uncertainties but also lays a foundation for the company's future financial stabilization.
- Court Hearing Schedule: The court has set May 28 as the hearing date for final approval of the settlement, providing the company with a clear legal framework that will help restore confidence in its future operations.
- No Admission of Liability: The settlement does not include any admission of liability, meaning that the company and related parties will receive a full release of all claims, which will assist in rebuilding the company's reputation among the public and investors.
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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.
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Assessment of Circuits: Teams are actively assessing circuits that have been turned off due to the flooding conditions.
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- 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
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- 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.
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See More
