Hawaiian Electric Industries, I
HE
Positions held
Your positionsHE isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Hawaiian Electric Industries is positioned to benefit from the growing demand for renewable energy and regulatory support for sustainable practices in the utilities sector.
- In Q2 2026, revenue increased by 26% compared to the prior quarter, reaching $940 million.
- The gross margin improved significantly to 21.7%, up from 7.2% in the previous quarter.
- The company's current recommendation is to underperform, indicating potential challenges ahead.
- Hawaiian Electric reported a net income of only $30.45 million in Q1 2026, a stark contrast to the $123.2 million net income in Q2 2026.
- The operating margin for the year 2024 was negative at -53%, reflecting significant operational difficulties.
Fundamentals
| Market cap | $1.53B | Enterprise value | $4.09B | Trailing P/E | 6.78 | Forward P/E | 8.63 |
| PEG | 5.27 | Price / book | 0.86 | Beta | 0.50 | Dividend yield | 0.00% |
| Revenue growth | 25.9% | Earnings growth | 373.3% | Gross margin | 17.6% | Operating margin | 4.5% |
| Profit margin | 6.8% | ROE | 13.4% | ROA | 1.6% | Debt / equity | 1.59 |
| Current ratio | 0.99 | Free cash flow | $324.62M | Analyst recommendation | underperform | Mean target | $8.63 |
| 52w high | $17.38 | 52w low | $8.65 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $940M | $746M | $806M | $791M | $746M | — |
| Op margin | 21.7% | 7.2% | 8.3% | 6.6% | 7.2% | — |
| Net income | $123M | $30.4M | $41.4M | $31.2M | $26.6M | — |
| Gross margin | 21.7% | 7.2% | 8.3% | 6.6% | 7.2% | — |
| Gross profit | $204M | $53.4M | $67.1M | $52.0M | $53.7M | — |
| Operating income | $204M | $53.4M | $67.1M | $52.0M | $53.7M | — |
- Revenue +26% vs prior quarter ($940M vs $746M).
- Gross margin 21.7% (was 7.2% prior quarter).
- Operating margin expanded to 21.7%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.2B | $3.3B | $3.4B | — |
| Op margin | 7.6% | -53.0% | 8.4% | 8.2% | — |
| Net income | $126M | -$1.4B | $201M | $243M | — |
| Gross margin | 7.6% | -53.0% | 8.4% | 8.2% | — |
| Gross profit | $235M | -$1.7B | $275M | $280M | — |
| Operating income | $235M | -$1.7B | $275M | $280M | — |
Headlines — watch
• [WARN · legal] HEI Begins Monetizing ASB Shares, Enabling Advance Funding of Maui Wildfire Settlement
News
2026-09-21 · Hawaiian Electric Raises $29.5 Million From American Savings Bank Stake Sale
2026-09-21 · HEI Begins Monetizing ASB Shares, Enabling Advance Funding of Maui Wildfire Settlement
2026-09-16 · Hawaiian Electric (HE): Does a $1 Billion Bank IPO Valuation Matter?
2026-09-09 · Hawaiian Electric to Support Recovery Efforts on Kaua‘i
2026-08-17 · Hawaiian Electric’s (HE) Second Quarter Numbers Mask A Harder Truth
2026-08-15 · Hawaiian Electric Industries (HE) Earnings Put Its Undervalued Narrative Back In Focus
2026-08-15 · Hawaiian Electric (HE) Q2 2026 Earnings Call Transcript
2026-08-14 · New Strong Sell Stocks for August 14th
2026-08-08 · Accounting twist for Maui wildfire expense helps HEI profit soar
2026-08-08 · Hawaiian Electric Industries, Inc. Q2 2026 Earnings Call Summary
2026-08-08 · Hawaiian Electric Industries Q2 Earnings Call Highlights
2026-08-08 · Hawaiian Electric Industries Inc (HE) (Q2 2026) Earnings Call Highlights: Strategic Progress ...
Price (daily)
Full chart · RSI · MACD · patterns