Hawaiian Electric Industries Says From Aug 8, 2023 Through March 31, 2024 HEI & Units Incurred About $169M Of Maui Windstorm And Wildfires Expenses
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries (HEI) reported that from August 8, 2023, through March 31, 2024, it and its units have incurred approximately $169 million in expenses due to the Maui windstorm and wildfires.
May 10, 2024 | 6:22 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hawaiian Electric Industries (HEI) has incurred significant expenses due to natural disasters, which could impact its financial performance and potentially its stock price in the short term.
The substantial expenses incurred by HEI due to the Maui windstorm and wildfires are likely to have a negative impact on its financial performance. This could lead to concerns among investors regarding the company's profitability and operational costs, potentially affecting its stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100