Why Hawaiian Electric Industries (HE) Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
Hawaiian Electric Industries, Inc. (NYSE:HE) shares dropped by 39.7% amid wildfires in Hawaii. The company is under scrutiny for not implementing a power shutdown, a proven safety measure, to reduce fire risks. The company's 52-week high is $44.00 and its 52-week low is $18.70.
August 14, 2023 | 2:54 pm
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Hawaiian Electric Industries' stock price has dropped significantly due to the company's decision not to implement a power shutdown amid wildfires, leading to scrutiny.
The company's decision not to implement a power shutdown amid wildfires has led to scrutiny and a significant drop in its stock price. This negative news is likely to continue impacting the company's stock price in the short term.
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