HE Price Prediction Next Week
Analysis and Insights
News Impact:
Hawaiian Electric (HE) has recently received positive news. S&P Global Ratings upgraded its outlook from negative to positive, citing the Hawaii Supreme Court's decision as beneficial for the company's credit quality and limiting liabilities from the 2023 Maui wildfires to $1.99 billion. Additionally, Evercore ISI upgraded HE shares to Outperform with a $14 price target, highlighting improved credit quality and potential legislative support for wildfire insurance funds.
Technical Indicators:
- RSI: HE's RSI is at 56.32, indicating a neutral position, not overbought or oversold.
- MACD: The MACD line is slightly above the signal line, suggesting mild upward momentum.
- Fibonacci Levels: Resistance at $11.35 and support at $10.79.
Price Action:
HE closed at $11.11 on March 24, with moderate volume. The stock has shown upward momentum following the positive news.
Conclusion:
Based on the positive news and neutral-to-bullish technical indicators, HE is expected to rise to $11.35 next week. The recommendation is to buy as the stock is likely to continue its upward trend.
HE Similar Chart Price Prediction
The price of HE is predicted to go up -8.5%, based on the high correlation periods with VIRT. The similarity of these two price pattern on the periods is 91.11%.
HE
VIRT
Down: -8.5%Similarity: 91.11%
HE Revenue Forecast
HE EPS Forecast
HE FAQs
What is HE eps forecast for next quarter？
HE VS S&P500
Regulation in Hawaii has improved with performance-based ratemaking reducing earnings volatility while offering opportunities for management to earn incentives.
Hawaii's aggressive renewable energy standards support HEI's plan to invest more than $2 billion through 2028.
American Savings Bank's conservative loan book has resulted in lower loan losses than its peers. ASB's steady cash flows help support investment at the utility.
HE Analyst's Forecast
Nicholas Campanella
Barclays
Hold
2025-03-04
Price Target
$10 → $11
Upside
+5.06%
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.
Nicholas Campanella
Barclays
Hold
2025-02-06
Price Target
$10
Upside
+7.3%
Julien Dumoulin-Smith
Jefferies
Hold
2025-01-03
Price Target
$12 → $11
Upside
+12.54%
