Why Hawaiian Electric Industries (HE) Stock Is Volatile
Portfolio Pulse from Henry Khederian
Hawaiian Electric Industries, Inc. (NYSE:HE) shares are trading lower by 15.3% to $12.75, following last week's strength. The company's shares gained last week after it released an in-depth response to a lawsuit filed by the County of Maui surrounding the fires on August 8. The company's shares have seen marked volatility after Maui County filed a lawsuit against the company alleging a role in the Lahaina Wildfires. The company also suspended its dividend.
September 05, 2023 | 6:56 pm
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Hawaiian Electric Industries' shares are trading lower by 15.3% following a lawsuit filed by Maui County and the suspension of its dividend. The company's shares have seen marked volatility.
The lawsuit filed by Maui County alleging the company's role in the Lahaina Wildfires and the suspension of its dividend have negatively impacted the company's stock price, causing it to drop by 15.3%. This has also led to increased volatility in the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100