Hawaiian Electric Industries Inc (NYSE: HE) stock suffered a major decline of -14.5% on 8/12/24. The shares closed at $13.26. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. The stock has been weak relative to the market over the last nine months and has declined -17.4% during the last week.
Current PriceTarget Research Rating
HE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
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 90 but a poor Power Rating of 22, with the Neutral Value Trend Rating the result.
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.
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