Hawaiian Electric Industries Inc (NYSE: HE) stock suffered a major decline of -10.7% on 4/16/24. The shares closed at $9.52. Moreover, exceptionally high trading volume at 515% of normal accompanied the decline. The stock has declined -14.0% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HE is expected to continue to be a Value Builder.
Hawaiian Electric Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing very contradictory signals. Hawaiian Electric Industries has a very high Appreciation Score of 95 but a very low Power Rating of 11, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.