Should You Buy Hawaiian Electric Industries Inc (HE) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/29
HE is not a good buy right now for a Beginner, long-term investor with $50k–$100k who doesn’t want to wait for better entries. The stock is extended/overbought technically, trading above key resistance, while fundamentals and Wall Street targets/risk gating (wildfire-related) don’t support the current price. I would avoid new buying here and would treat current levels as a reduce/exit zone rather than a long-term entry.
Technical Analysis
Trend is bullish but stretched. Moving averages are strongly bullish (SMA_5 > SMA_20 > SMA_200) and MACD histogram is positive and expanding (0.107), confirming upside momentum. However RSI_6 is ~78, which signals an overbought/extended condition rather than an attractive long-term entry. Price (~15.78) is above R1 (15.562) and approaching R2 (16.064), meaning upside from here is more limited while pullback risk rises. Pivot support is ~14.751; a dip back toward that zone is plausible given the stretched RSI. Pattern-based projection also flags weaker medium-term odds (-4.16% next month).
Analyst Ratings and Price Target Trends
Recent trend is mixed-to-negative: Jefferies moved more cautious (downgraded to Underperform on 2026-01-20 with PT cut to $12.50, arguing the stock has pre-priced success across unresolved regulatory/liability items). Barclays (2026-01-26) raised PT to $13 from $11 but kept Equal Weight, acknowledging outperformance driven by settlement/fund optimism and expectation shifts. Net takeaway: Wall Street pros see upside primarily if multiple wildfire/regulatory outcomes break favorably; cons focus on unresolved liability/rebasing/fund structure and the stock discounting an improved 2028 risk/earnings profile prematurely.
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 USD with a low forecast of 10 USD and a high forecast of 12 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.
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 USD with a low forecast of 10 USD and a high forecast of 12 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.
Current: 15.800
Current: 15.800
