HE

Hawaiian Electric Industries Inc

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Advanced Chart

11.480

+0.31(2.775%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

11.490

Open

11.340

VWAP

11.42

Vol

2.43M

Mkt Cap

1.98B

Low

11.230

Amount

27.76M

EV/EBITDA(TTM)

7.92

Total Shares

110.30M

4.33B

EV/OCF(TTM)

10.33

P/S(TTM)

0.50

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.

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Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

0.258

+72%

0.874

+337%

-0.202

-143.91%

Estimates Revision

The market is revising No Change the revenue expectations for Hawaiian Electric Industries, Inc. (HE) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 5.03%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.73%

In Past 3 Month

Stock Price

Go Up

+5.03%

In Past 3 Month

4 Analyst Rating

3.48% Upside

Wall Street analysts forecast HE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HE is 11.88 USD with a low forecast of 10.00 USD and a high forecast of 14.00 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.

1 Buy

3 Hold

0 Sell

Hold

3.48% Upside

Current: 11.480

Low

10.00

Averages

11.88

High

14.00

3.48% Upside

Current: 11.480

Low

10.00

Averages

11.88

High

14.00

Barclays

Nicholas Campanella

Equal Weight

downgrade

$11 -> $10

2025-07-10

Reason

Barclays

Nicholas Campanella

Price Target

$11 -> $10

2025-07-10

downgrade

Equal Weight

Reason

Barclays analyst Nicholas Campanella lowered the firm's price target on Hawaiian Electric to $10 from $11 and keeps an Equal Weight rating on the shares as part of a Q2 earnings preview for the utilities group.

Jefferies

Hold

maintain

$11

2025-05-28

Reason

Jefferies

Price Target

$11

2025-05-28

maintain

Hold

Reason

Jefferies raised the firm's price target on Hawaiian Electric to $11.25 from $11 and keeps a Hold rating on the shares. The firm is "increasingly positive" on shares as it argues that Hawai's pending wildfire legislation establishes a liability cap and securitization, setting a trajectory for eventual credit recovery and earnings normalization. However, "critical unanswered questions remain as overhangs," and although the firm sees the "foundations of a constructive, asymmetric return profile," it acknowledges it "will take time."

Barclays

Nicholas Campanella

Hold

Maintains

$10 → $11

2025-03-04

Reason

Barclays

Nicholas Campanella

Price Target

$10 → $11

2025-03-04

Maintains

Hold

Reason

Barclays analyst Nicholas Campanella raised the firm's price target on Hawaiian Electric to $11 from $10 and keeps an Equal Weight rating on the shares. The analyst updated power and utility models post the Q4 reports.

Wells Fargo

Jonathan Reeder

Hold

Maintains

$11 → $13

2025-02-27

Reason

Wells Fargo

Jonathan Reeder

Price Target

$11 → $13

2025-02-27

Maintains

Hold

Reason

Barclays

Nicholas Campanella

Hold

Initiates

$10

2025-02-06

Reason

Barclays

Nicholas Campanella

Price Target

$10

2025-02-06

Initiates

Hold

Reason

Barclays initiated coverage of Hawaiian Electric with an Equal Weight rating and $10 price target. The firm sees low rate base growth of 3%-4% and flat EPS growth warranting a discount, adding that it views the policy catalyst path as "critical to sustain an ongoing re-rating" as Hawaiian moves past legacy wildfire liabilities.

Jefferies

Julien Dumoulin-Smith

Hold

Maintains

$12 → $11

2025-01-03

Reason

Jefferies

Julien Dumoulin-Smith

Price Target

$12 → $11

2025-01-03

Maintains

Hold

Reason

Jefferies lowered the firm's price target on Hawaiian Electric to $10.50 from $11.50 and keeps a Hold rating on the shares after the company announced a sale this week of 90.1% of American Savings Bank for gross proceeds of $405M. The firm has lowered estimates to reflect a "low implied multiple," the analyst says, noting that the deal reduces earnings, but also removes an equity overhang.

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Valuation Metrics

The current forward P/E ratio for Hawaiian Electric Industries Inc (HE.N) is 10.48, compared to its 5-year average forward P/E of 15.02. For a more detailed relative valuation and DCF analysis to assess Hawaiian Electric Industries Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

15.02

Current PE

10.48

Overvalued PE

21.20

Undervalued PE

8.83

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

9.78

Current EV/EBITDA

7.51

Overvalued EV/EBITDA

11.74

Undervalued EV/EBITDA

7.82

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.03

Current PS

0.55

Overvalued PS

1.53

Undervalued PS

0.52