HE
Bargain BinHawaiian Electric Industries, Inc. · Utilities · United States · $1.5B cap · $33.3M/day traded
$8.93 -1.7% · close 11 Nov · scored 11 Nov
Bargain Bin: Looks like a bargain; the quality and the trend say why it is in the bin.
Results expected 13 Nov. Analysts cut next year's EPS estimate 5.0% over 13 weeks.
As of 11 Nov 2026, the MoatMap Score for Hawaiian Electric Industries, Inc. (HE) is 55/100, ranked against 25,000+ stocks in 38 markets (Quality 49, Value 78, Momentum 23, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT HAWAIIAN ELECTRIC INDUSTRIES, INC.
Read
Hawaiian Electric Industries, Inc. is a diversified holding company primarily comprising a regulated electric utility, Hawaiian Electric, which provides power to 95% of Hawaii's population, and a retail bank, American Savings Bank. The company benefits from a formidable natural monopoly for electricity distribution across its service territory, ensuring stable, regulated returns and essential service provision in an isolated market. This unique island utility model, coupled with a banking segment, offers both utility-grade stability and financial diversification.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.4B | 3.3B | 3.2B | 3.1B | -3.4% | 3.5B | 3.1B | 3.3B | 3.0% |
| EPS | 2.20 | 1.82 | -11.23 | 0.71 | -31.4% | 1.30 | 0.65 | 0.84 | 9.0% |
| Shares | 109.5M | 110.2M | 172.5M | 172.6M | +57.7% | 173.0M | — | — | — |
| Debt | 3.4B | 3.2B | 3.3B | 3.0B | -4.8% | 2.8B | — | — | — |
| Equity | 2.2B | 2.4B | 1.5B | 1.6B | -10.0% | — | — | — | — |
| Op CF | 454.5M | 551.5M | 487.5M | 391.1M | -4.9% | -124.6M | — | — | — |
| Inv CF | -1.1B | -257.4M | 258.3M | -322.2M | — | — | — | — | — |
| Fin CF | 567.7M | 195.6M | 154.7M | -331.0M | — | — | — | — | — |
Made a new 52-week low 11 trading days ago, 48% below its 52-week high. The fall has not stopped yet.
Calmer than 66% of stocks we rank over the past year (volatility 33% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of HE are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| HE | Hawaiian Electric Industries, Inc.(you) | $1.5B | 55 |
| MGEE | MGE Energy, Inc. | $2.8B | 58 |
| NWE | NorthWestern Energy Group, Inc. | $4.8B | 55 |
| POR | Portland General Electric Company | $5.2B | 46 |
| TXNM | TXNM Energy, Inc. | $6.4B | 44 |
| IDA | IDACORP, Inc. | $8.1B | 47 |
| EVRG | Evergy, Inc. | $19.5B | 55 |
| PNW | Pinnacle West Capital Corporation | $12.8B | 43 |
| OGE | OGE Energy Corp. | $10.0B | 72 |
| ES | Eversource Energy | $25.4B | 57 |
Peer medians: ROE 9.1% · P/E 20.5x · Gross margin 45.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.