On 5/13/24, Hawaiian Electric Industries Inc (NYSE: HE) stock enjoyed a major increase of 10.0%, closing at $10.99. Moreover, exceptionally high trading volume at 204% of normal accompanied the advance. The stock has risen 5.3% during the last week but has been weak relative to the market over the last nine months.
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 (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hawaiian Electric Industries has a very high Appreciation Score of 96 but a poor Power Rating of 21, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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