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Hawaiian Electric ( (HE) ) has issued an update.
On April 10, 2026, Hawaiian Electric Industries and Hawaiian Electric triggered payment under settlement agreements dated November 1, 2024, resolving tort-related claims from the 2023 Maui windstorm and wildfires. This followed a December 30, 2025 judgment on subrogation claims by over 200 insurers becoming final and unappealable after all insurers dismissed their appeals with prejudice.
The companies have now authorized the first of four equal annual installments of $479 million, funded from a September 2024 equity offering and held in a special purpose vehicle until all payment conditions were satisfied. With the initial payment released and all conditions met, the settlement releases are now effective, providing greater legal certainty for the utilities and wildfire claimants and clarifying a major financial obligation over a defined multi-year period.
The most recent analyst rating on (HE) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Hawaiian Electric stock, see the HE Stock Forecast page.
Spark’s Take on HE Stock
According to Spark, TipRanks’ AI Analyst, HE is a Neutral.
The score is held down primarily by weak financial performance quality (earnings volatility and balance-sheet strain despite improving cash flow). Technicals are neutral-to-soft near term, while valuation is reasonable. Earnings-call factors provide some support due to profitability and legal progress, but financing and execution risks remain meaningful.
To see Spark’s full report on HE stock, click here.
More about Hawaiian Electric
Hawaiian Electric Industries, Inc. and its subsidiary Hawaiian Electric Company, Inc. operate in the regulated electric utility industry, providing power generation, transmission and distribution services in Hawaii. The companies serve residential, commercial and institutional customers across the islands, making them central to the state’s energy infrastructure and its transition and resilience initiatives.
Average Trading Volume: 2,739,160
Technical Sentiment Signal: Hold
Current Market Cap: $2.71B
See more data about HE stock on TipRanks’ Stock Analysis page.