Recent exceptional positive changes in investment behavior have benefitted Hawaiian Electric Industries Inc (NYSE: HE): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 96 but a poor Power Rating of 15, and the Neutral Value Trend Rating results.
Recent Price Action
On 7/17/24, Hawaiian Electric Industries Inc (NYSE: HE) stock enjoyed a very large increase of 5.3%, closing at $12.81. Moreover, exceptionally high trading volume at 268% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 49.5% during the last week.
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