Alert: Negative Investment/Fundamental Signals (9/26/24)-Hawaiian Electric Industries Inc (NYSE: HE)

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Hawaiian Electric Industries Inc (NYSE: HE) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.

Recent slight negative changes in fundamentals have impacted Hawaiian Electric Industries Inc (NYSE: HE): significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.

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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 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 95 but a slightly negative Power Rating of 33, producing the Positive Value Trend Rating.

Recent Price Action

Hawaiian Electric Industries Inc (NYSE: HE) stock declined modestly by -1.3% on 9/26/24. The stock closed at $9.85. Moreover, trading volume in this decline was exceptionally high at 299% of normal. The stock has been weak relative to the market over the last nine months and has declined -18.3% during the last week.

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