Professional
Added to YB: 2025-05-19
Pitch date: 2025-04-30
HE [bullish]
Hawaiian Electric Industries, Inc.
+11.4%
current return
Author Info
No bio for this author
Company Info
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility business in the United States.
Market Cap
$1.9B
Pitch Price
$10.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.74
P/E
17.31
EV/Sales
1.44
Sector
Electric Utilities
Category
turnaround
Horizon Kinetics Portfolio Holding: Hawaiian Electric Industries, Inc.
HE: Hawaiian Electric suspended 120+ year dividend after Maui fires, stock down 74%. Settlement requires $1.92B over 4 years, but core utility generates $150M+ annually. Need to raise $457M after ASB sale proceeds. Post-settlement, company fundamentally unchanged despite 75% price cut. Current valuation implies excessive discount rate for regulated utility.
Read full article (4 min)