What's Going On With Hawaiian Electric Stock?
Portfolio Pulse from Adam Eckert
Hawaiian Electric Industries Inc (NYSE:HE) is facing multiple lawsuits over alleged negligence related to the Maui wildfires. The company is also in talks with restructuring firms. Its shares have fallen more than 60% since the fires. BofA Securities analyst Julien Dumoulin-Smith maintained an Underperform rating on the company and lowered the price target from $11 to $10.
August 17, 2023 | 2:35 pm
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Hawaiian Electric is facing legal and financial challenges, which have led to a significant drop in its stock price. The company's rating has been downgraded by BofA Securities.
The lawsuits and potential restructuring indicate serious issues at Hawaiian Electric, which have negatively impacted its stock price. The downgrade by BofA Securities further underscores the company's challenges.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100