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The latest announcement is out from Hawaiian Electric ( (HE) ).
On December 31, 2025, Hawaiian Electric Industries and Hawaiian Electric Company agreed to a $100 million derivative settlement funded entirely by insurers, resolving multiple stockholder derivative suits tied to alleged governance and wildfire risk oversight failures surrounding the August 2023 Maui fires. The settlement, which includes no admission of liability and provides full releases to defendants, remains subject to board approvals, final court approval and dismissal orders, and a May 28, 2026 fairness hearing, while $47.75 million of the proceeds has been earmarked to fund a related securities class action settlement that received preliminary approval on March 3, 2026.
On March 9, 2026, the U.S. District Court for the District of Hawaii granted preliminary approval of the derivative settlement and set deadlines for stockholder objections by May 7, 2026, with additional notice to be provided via publication and posting on the company’s investor relations website. The coordinated resolution helps cap Hawaiian Electric’s wildfire-related legal overhang, delineates insurance-funded cash flows for derivative and securities claims, and offers greater visibility to shareholders and creditors on the company’s evolving litigation exposure and governance risk profile.
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.
Overall score reflects financially driven risk: earnings volatility and balance-sheet strain outweigh the steadier operating cash flow. Technicals are mixed-to-improving longer-term but soft near-term. The earnings call was a net positive due to settlement/legal progress and liquidity measures, though execution and financing needs remain significant. Valuation provides limited support with a mid-level P/E and no stated dividend yield.
To see Spark’s full report on HE stock, click here.
More about Hawaiian Electric
Hawaiian Electric Industries, Inc. is a regulated electric utility holding company whose primary subsidiary, Hawaiian Electric Company, supplies power to about 95% of Hawaii’s population. The company operates under oversight of the Hawaii Public Utilities Commission and is a central player in the state’s energy infrastructure and related capital markets activity.
Average Trading Volume: 3,738,188
Technical Sentiment Signal: Hold
Current Market Cap: $2.53B
For an in-depth examination of HE stock, go to TipRanks’ Overview page.