Hawaiian Electric Industries rises on settlement news
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Jan 26
Source: SeekingAlpha
Hawaiian Electric Industries Inc's stock surged by 9.52%, reaching a 52-week high. This increase comes amid broader market strength, with the Nasdaq-100 up 0.91% and the S&P 500 up 0.63%.
The stock's rise is attributed to a $47.75 million shareholder settlement, which has positively influenced investor sentiment. However, the stock's recent performance, with an 11% gain over the past five days, raises concerns about potential overbought conditions, as indicated by an RSI of 71.1.
Investors are advised to monitor the stock closely, as the combination of positive settlement news and overbought signals could lead to volatility in the near term.
Analyst Views on HE
Wall Street analysts forecast HE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HE is 11.00 USD with a low forecast of 10.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 15.800
Low
10.00
Averages
11.00
High
12.00
Current: 15.800
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.
