HE Should I Buy
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Hawaiian Electric Industries Inc (HE) is not a strong buy at the moment for a beginner investor with a long-term focus. The stock faces significant uncertainties, including unresolved wildfire liabilities and legislative outcomes. Additionally, the technical indicators and options data suggest bearish sentiment, and recent financial performance has been weak. It is advisable to hold off on investing until there is more clarity on these issues or stronger positive catalysts emerge.
The stock's MACD is negative and expanding (-0.228), indicating bearish momentum. RSI is at 36.168, which is neutral but leaning towards oversold territory. Moving averages are converging, showing no clear trend. Key support is at $15.346, and resistance is at $16.737. The stock has a high probability of declining further in the short term, with a 90% chance of a -2.87% drop in the next week.
Potential approval of wildfire settlement and favorable Wildfire Recovery Fund Study. Inclusion in the S&P 600 index and higher earnings expectations have supported the stock's performance recently.
Unresolved issues around wildfire liabilities, no approved PBR repair package, and no numeric liability cap. Jefferies downgraded the stock to 'Sell,' citing pre-priced success on unresolved issues. The stock is projected to decline in the short term based on technical and trend indicators.
In Q3 2025, revenue dropped by -5.12% YoY to $790.61M. Net income plunged by -129.45% YoY to $30.75M, and EPS fell by -119.78% YoY to $0.18. Gross margin increased slightly to 6.58%, up 2.97% YoY. Overall, the financial performance has been weak, with significant declines in profitability metrics.
Mixed analyst sentiment. Barclays raised the price target to $13 from $11, maintaining an Equal Weight rating, citing potential positive catalysts. However, Jefferies downgraded the stock to Underperform with a $12.50 price target, highlighting unresolved risks and overpricing of future success.
