Hawaiian Electric shares are trading lower following reports the company is facing multiple lawsuits and is in talks with restructuring firms.
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric (HE) shares are trading lower following reports that the company is facing multiple lawsuits and is in talks with restructuring firms.
August 17, 2023 | 6:45 pm
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NEGATIVE IMPACT
Hawaiian Electric's stock price is falling due to reports of multiple lawsuits and discussions with restructuring firms.
The news of multiple lawsuits and potential restructuring talks is likely to create uncertainty among investors, leading to a decrease in the stock price of Hawaiian Electric in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100