Stock Rating Upgrade
The Value Trend Rating for Hawaiian Electric Industries Inc (NYSE: HE) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 9/13/24, Hawaiian Electric Industries Inc (NYSE: HE) stock enjoyed a large increase of 4.0%, closing at $11.62. However, trading volume in this advance was below average at 70% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.4% 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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hawaiian Electric Industries has a very high Appreciation Score of 94 but a slightly negative Power Rating of 32, leading to the Positive Value Trend Rating.
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