Hawaiian Elec Industries Stock Price, News & Analysis

Hawaiian Electric Industries (NYSE: HE) has announced the completion of the sale of its subsidiary Pacific Current's solar and battery storage assets to Fortistar and Epic Star Energy. The transaction, which includes all operating solar and battery energy storage facilities on Kauai, Oahu, and Maui, is part of HEI's strategic divestment of Pacific Current following the March 2025 sale of its Hamakua Energy facility.

While the financial terms were not disclosed and the deal is not expected to materially impact HEI's financial statements, this transaction represents a significant step in HEI's strategy to streamline its operations and focus on its core utility business. The company continues its strategic review of Pacific Current's remaining asset, a biomass plant on Kauai.

Hawaiian Electric Industries (NYSE: HE) has scheduled its second quarter 2025 financial results announcement for Thursday, August 7. The company will host a conference call and webcast at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time) to discuss the results.

Investors can access the conference call by dialing 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) with passcode 2393042. Presentation materials and audio will be available through HEI's website. A replay will be accessible online and via phone through August 14.

HEI reported Q1 2025 net income of $27 million ($0.15 per share). Core income from continuing operations was $40 million ($0.23/share), compared to $28 million ($0.26/share) in 2024. Hawaiian Electric's net income increased to $48 million from $39 million YoY. Key developments include: completion of $384 million debt reduction using American Savings Bank sale proceeds, sale of Hamakua Energy resulting in $13M pre-tax loss, and passage of critical legislation for wildfire liability caps and clean energy procurement. The Hawaii Legislature approved funds for the state's contribution to the Maui wildfire settlement, with first payment expected early next year. Hawaiian Electric declared a $10 million dividend to HEI for Q1 2025.

Hawaiian Electric Industries (HEI) has scheduled its first quarter 2025 financial results announcement for May 9. The company will host a webcast and conference call at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time) to discuss the results.

Investors can access the conference call through:

• U.S. dial-in: 1-888-660-6377
• International dial-in: 1-929-203-0797
• Passcode: 2393042

Presentation materials and audio will be available on www.hei.com under the Investor Relations section. A replay will be accessible online approximately two hours after the event, with phone replay available until May 16.

The company will continue using its website to share additional information and investor updates. Stakeholders can register for email alerts through the Investor Relations section. Important regulatory documents can be found on the Public Utilities Commission of Hawaii website at https://hpuc.my.site.com/cdms/s/.

Hawaiian Electric Industries (NYSE: HE) has announced the sale of its subsidiary Pacific Current's 60-megawatt Hamakua Energy Plant on Hawaiʻi Island to a subsidiary of Harbert Management . The transaction, which is not expected to materially impact HEI's financial statements, represents a key step in HEI's strategic review of Pacific Current.

Harbert, which has owned a stake in the 208-megawatt Kalaeloa Partners LP cogeneration plant on O'ahu since 1997, brings significant experience in power plant operations. HEI CEO Scott Seu emphasized that this sale aligns with the company's strategy to simplify its operations and regulatory position while focusing on its core utility business.

HEI's primary subsidiary, Hawaiian Electric, currently supplies power to approximately 95% of Hawaiʻi's population and is working on decarbonizing its operations while modernizing the grid for enhanced resilience and safety.

Hawaiian Electric Industries (HE) reported a full-year 2024 net loss of $1,426 million ($11.23 per share), compared to net income of $199 million ($1.81 per share) in 2023. Core income from continuing operations was $124 million ($0.98 per share), down from $152 million ($1.38 per share) in 2023.

Key developments include: favorable Hawaii Supreme Court decision regarding Maui wildfire tort litigation settlement; sale of 90.1% of American Savings Bank to reduce debt; implementation of utility wildfire mitigation efforts; and achievement of 36% renewable portfolio standard in 2024. The utility returned $18 million in bill credits to customers, with typical residential bills decreasing 7% in 2024.

Hawaiian Electric Company reported a full-year net loss of $1,226 million, primarily due to $1,875 million loss from wildfire liabilities. The utility dividend to HEI remains suspended, and the company continues to focus on strengthening its financial position and core utility business.

Hawaiian Electric Industries (NYSE: HE) has scheduled its fourth quarter and full year 2024 financial results announcement for Friday, February 21. The company will conduct a webcast and conference call at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time) to discuss the results.

Investors can access the conference call by dialing 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) with passcode 2393042. Presentation materials and audio will be available through HEI's website. An online replay will be available approximately two hours after the event, and an audio replay will be accessible until March 7.

Hawaiian Electric Industries (HEI) has completed the sale of 90.1% of American Savings Bank (ASB) to independent investors for $405 million, valuing the bank at $450 million. The transaction closed on December 31, 2024, with no single investor, including HEI, owning more than 9.9% of the bank's common stock.

The sale transforms ASB into an independent, local bank headquartered in Honolulu, maintaining its current management team and brand. HEI plans to use the proceeds to reduce holding company debt, increasing flexibility for funding wildfire settlement contributions and utility initiatives. The transaction simplifies HEI's structure, allowing it to focus on its core utility business, Hawaiian Electric, while likely removing its status as a savings and loan holding company.

Hawaiian Electric reports significant progress in its wildfire safety strategy, achieving an estimated 60% reduction in wildfire risk from utility equipment. The company is investing $120 million in 2024 for safety improvements across four key areas: foundational work, operational changes, situational awareness, and grid hardening. Key implementations include installing 3,534 fire-safe fuses, 53 weather stations, and 78 AI-assisted HD cameras, replacing 2,202 utility poles, and upgrading 16 miles of overhead lines. The company has also launched a Public Safety Power Shutoff program and plans to file a longer-term wildfire safety plan with the Public Utilities Commission in January 2025.