HE, US4198701009

Hawaiian Electric Industries stock reaches a 52-week low

Published on 10/04/2026 at 14:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hawaiian Electric Industries stock traded at USD 8.90 on October 2, 2026, while its 52-week high was USD 17.38. Core Q2 net income fell to USD 22.5 million.

HE, US4198701009, Illustration mit AI erstellt.

Hawaiian Electric Industries stock (ISIN US4198701009) was last at USD 8.90 on the NYSE on October 2, 2026, leaving it 48.79 percent below its 52-week high of USD 17.38. The stock had reached a 52-week low of USD 8.76 on October 1, 2026, according to Investing.com.

Core earnings weaken in Q2

Hawaiian Electric Industries reported USD 939.7 million in revenue for the second quarter of fiscal 2026. The quarter's core net income fell to USD 22.5 million from USD 35.4 million in the second quarter of 2025, while core earnings per share declined to USD 0.13 from USD 0.20, according to Yahoo Finance.

Reported GAAP net income told a different story. It reached USD 123.2 million, or USD 0.71 per share, compared with USD 26 million, or USD 0.15 per share, a year earlier, but the increase largely reflected a non-cash accounting benefit tied to the Maui wildfire settlement.

Settlement funding remains central

The settlement accounting adjustment reduced the remaining wildfire liability from USD 1.44 billion to USD 1.30 billion and reduced expenses by USD 153.9 million. The benefit is expected to reverse over time through the accretion of interest expense, making core earnings more relevant for assessing operating performance.

Liquidity efforts are also part of the investment case. On September 16, 2026, Hawaiian Electric Industries monetized 30 percent of its 9.9 percent stake in American Savings Bank and received USD 29.5 million in net proceeds, according to Business Wire. The transaction is intended to reduce future capital raises needed for remaining Maui wildfire settlement payments.

Stock remains near yearly low

At USD 8.90, the October 2, 2026, NYSE price was USD 0.14 above the 52-week low of USD 8.76 and USD 8.48 below the 52-week high. The session change was negative at 0.34 percent, with 2,238,089 shares traded and a market capitalization of USD 1.5 billion.

The contrast between USD 123.2 million in GAAP net income and USD 22.5 million in core net income leaves settlement accounting, financing costs and operating expenses as the key figures for judging the utility's underlying earnings power.