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Hawaiian Electric is under scrutiny for not shutting off the power during a windstorm four days before racing wildfires swept through the Maui town of Lahaina.
Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.
Last week, an environmental disaster ravaged the Hawaiian island of Maui, which witnessed a wildfire that USA Today describes as “the deadliest U.S. wildfire in over a century.” The wildfire has c
Hawaiian Electric Industries Inc. plunged by a record on concern that its power lines may be linked to the deadly Maui wildfires. The utility as come under criticism for not turning off power despite
Hawaiian Electric Industries' shares plunged nearly 40% in early trading on Monday amid growing scrutiny over whether the utility company's equipment played any role in the deadly wildfires that burnt
Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class-action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by th
A class-action lawsuit alleges the destruction "could have been avoided" if the Hawaiian Electric hut down power before the high winds hit.
Hawaiian Electric stock has plunged as much as 49% since the start of the devastating Maui fires. The fires broke out last week and killed at least 96 people in what has turned into the deadliest US w
Wells Fargo maintained an Underweight rating on Hawaiian Electric stock, and lowered the price target to $25 from $35.
The biggest question for the island's companies—and broader economy— will be how long tourists might stay away.
Hawaiian Electric Industries' (HE) second-quarter earnings miss estimates. The company lowers its earnings expectation for 2023.
Hawaiian Electric Industries, Inc. (NYSE:HE ) Q2 2023 Earnings Conference Call August 7, 2023 4:15 PM ET Company Participants Mateo Garcia - Investor Relations Scott Seu - President and Chief Executiv
Hawaiian Electric Industries, Inc. is the largest electric utility in Hawaii as well as one of the largest banks. The company is very well insulated against economic shifts, as even the tourism hit fr
Hawaiian Electric's (HE) total revenues of $928.2 million in the first quarter improve 18.2% from the prior-year quarter's $785.1 million.
Hawaiian Electric Industries, Inc. has seen its stock price demolished this month, probably due to its banking sector exposure. Only 30% of the company's earnings come from the American Savings Bank,
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