Added to YB: 2024-10-28
Pitch date: 2024-10-26
HE [bullish]
Hawaiian Electric Industries, Inc.
+14.81%
current return
Author Info
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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
$10.13
Price Target
14.63 (+26%)
Dividend
N/A
EV/EBITDA
4.74
P/E
17.31
EV/Sales
1.44
Sector
Electric Utilities
Category
special_situation
$HE - Maui Wildfire Litigation Trade
HE: Maui wildfire litigation nearing $4bn settlement, HE's share $1.8bn over 4yrs. Selling bank ($500mm), raised $500mm equity. Path to $1/share EPS FY25E/26E, dividend reinstatement. 14-15x P/E = 40-50% upside. Risk: insurers challenging settlement in Hawaii Supreme Court, decision by Dec.
Read full article (2 min)