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HE Stock Forecast: Hawaiian Electric Industries, Inc. Price Predictions for 2026-2027

Last close, 4 Nov 2026
$8.50
+1.31% on the day

The 4 Wall Street analysts covering Hawaiian Electric Industries, Inc. hold a median 12-month price target of $8 — -5.9% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 22 of 100 as at 4 Nov 2026 — in the weakest quartile.

Market cap
$1.5B
Ticker Nerd rank
22/ 100
Median analyst target
$8.00
Analysts covering
4
Revenue$939.7M+25.9% y/y
Operating income$204.2M
Net income$123.2M
Free cash flow−$550.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+1.3%
1M
−4.5%
YTD
−30.9%
1Y
−26.7%
From 52W high
−50.2%
From 52W low
+3.5%
$8
$17
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

HE stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Hawaiian Electric Industries, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 4 Nov 2026
22/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Value
76
Quality
49
Growth
42
Size
39
Volatility
36
Revisions
32
Issuance
31
Accruals
29
Momentum
22

Value (76): The shares cost little relative to the profits and assets behind them — which can mean the market is too gloomy, or that the business really is in trouble.

Momentum (22): The shares have been drifting down relative to others.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

HE stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on HE, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$6$8$10$12$14$16$18Jan 26Apr 26Jul 26Oct 26HEHigh $12.00Median $8.00Low $6.50

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says4 analysts
1 Buy1 Hold2 Sell
Low $6.50Median $8.00High $12.00

The green dot is the last close — the median target sits −5.9% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 0 moved their price target up and 4 moved it down.

DateFirmActionRatingTarget
7 Oct 2026JefferiesMaintainsUnderperform$8.75 → $7.00
30 Sept 2026BarclaysMaintainsEqual-Weight$12 → $9.00
8 Sept 2026Ladenburg ThalmannInitiatesSell—
8 Sept 2026Ladenburg ThalmannInitiatesSell$7.00
11 Aug 2026BarclaysMaintainsEqual-Weight—
11 Aug 2026BarclaysMaintainsEqual-Weight$13 → $12
6 July 2026JefferiesMaintainsUnderperform—
6 July 2026JefferiesMaintainsUnderperform$14 → $12
25 June 2026BarclaysMaintainsEqual-Weight—
2 Mar 2026BarclaysMaintainsEqual-Weight—
26 Jan 2026BarclaysMaintainsEqual-Weight—
20 Jan 2026JefferiesDowngradeUnderperform—
15 Jan 2026BarclaysMaintainsEqual-Weight—
3 Dec 2025JefferiesMaintainsHold—
10 July 2025BarclaysMaintainsEqual-Weight—
28 May 2025JefferiesMaintainsHold—
14 Apr 2025JefferiesMaintainsHold—
4 Mar 2025BarclaysMaintainsEqual-Weight—
27 Feb 2025Wells FargoMaintainsEqual-Weight—
6 Feb 2025BarclaysInitiatesEqual-Weight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

HE appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
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Performance

HE vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Nov 2026, Hawaiian Electric Industries, Inc. returned −26.7% against +14.8% for the S&P 500, dividends included.

HE vs S&P 500, last 12 monthsTotal return, rebased to 100
6080100120140Jan 26Apr 26Jul 26Oct 26HES&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

HE analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingThis fiscal year
EPS revision, 90 days
−18.5%
Analysts raising
0
Analysts cutting
0
Fundamentals

Hawaiian Electric Industries, Inc. (HE) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
6.5×

Cheaper than 64% of US stocks

Price / sales
0.4×

Cheaper than 83% of US stocks

Price / book
0.8×

Cheaper than 75% of US stocks

EV / EBITDA
7.9×

Cheaper than 45% of US stocks

Growth & margins
Revenue growth (YoY)
25.9%

Higher than 75% of US stocks

Earnings growth (YoY)
372.3%

Higher than 94% of US stocks

Gross margin
21.7%

Higher than 23% of US stocks

Operating margin
4.5%

Higher than 54% of US stocks

Net margin
6.8%

Higher than 64% of US stocks

Returns & dividend
Return on equity
13.4%

Higher than 71% of US stocks

Return on assets
1.6%

Higher than 56% of US stocks

Dividend yield
17.1%

Higher than 97% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Hawaiian Electric Industries, Inc. (HE) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Hawaiian Electric Industries, Inc. has a market value of $1.5B and an enterprise value of $4.1B.

  • Revenue in the twelve months to 30 June 2026: $3.3B. The latest quarter grew 25.9% year on year.

  • Net income over the same four quarters: $226.2M, a 6.9% net margin.

  • Diluted earnings per share, trailing twelve months: $1.30.

  • Free cash flow in the twelve months to 30 June 2026: −$565.5M, after $421.8M of capital spending.

  • Hawaiian Electric Industries, Inc. spent $944K on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 172.7M.

  • Trailing P/E: 6.5×; forward P/E: 8.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 17.10%, paying out 0% of earnings.

  • Hawaiian Electric Industries, Inc. employs 2,659 people — $1.2M of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 5 Nov 2026

Data provided by Twelve Data

Peers

HE vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Regulated Electric
CompanyMarket capTKN rank
HEHawaiian Electric Industries, Inc.$1.5B22
MGEEMGE Energy, Inc.$2.8B44
GNEGenie Energy Ltd.$449.8M92
NWENorthWestern Energy Group, Inc.$5.0B49
PORPortland General Electric Co.$5.3B46
TXNMTXNM Energy, Inc.$6.4B50
IMSRTerrestrial Energy, Inc.$304.0M10

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Hawaiian Electric Industries, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest HE news & analysis

Hawaiian Electric: Upgrade From Strong Sell To Buy - Time To Grab The Opportunity

Seeking Alpha · 27 Oct 2026positive

Seeking Alpha upgraded Hawaiian Electric Industries from Strong Sell to Buy, citing declining risk and improved return prospects. The article states that dividend resumption is unlikely until wildfire liabilities are settled by April 2029.

Why it matters — HE watchers may note the article’s outlook links potential normalized operations and dividend payouts to the resolution of wildfire liabilities.

Top 3 Utilities Stocks That May Rocket Higher This Quarter

Benzinga · 26 Aug 2026neutral

A Benzinga article highlights the most oversold stocks in the utilities sector, presenting them as potential opportunities in undervalued companies for the upcoming quarter. Hawaiian Electric Industries is not specifically named in the shared excerpt.

Why it matters — A utility-sector stock watcher would find this relevant as it frames the sector's current valuation and trading conditions that could apply to a company like Hawaiian Electric.

New Strong Sell Stocks for August 14th

Zacks Investment Research · 14 Aug 2026negative

Zacks Investment Research added Hawaiian Electric Industries (HE), along with AMPH and CHT, to its Zacks Rank #5 (Strong Sell) List on August 14, 2026.

Why it matters — A Strong Sell rating from Zacks signals a bearish outlook that HE watchers would want to note.

Hawaiian Electric: The Glory Days Are Over - Maintain Strong Sell

Seeking Alpha · 10 Aug 2026negative

A Seeking Alpha article reports that Hawaiian Electric, long the near sole provider of electricity in Hawaii, suffered a severe operational and financial blow from the August 2023 Maui wildfire. The company is expected to survive but faces a long, difficult road with little prospect of returning to previous levels in the foreseeable future.

Why it matters — The report highlights the lasting impact of the Maui wildfire on Hawaiian Electric's operations and finances, signalling a difficult outlook for the company going forward.

Hawaiian Electric Industries Q2 Earnings Call Highlights

MarketBeat · 8 Aug 2026neutral

Hawaiian Electric Industries reported second-quarter 2026 net income of $123.2 million, or $0.71 per share, which included a non-cash accounting adjustment related to the remaining Maui wildfire settlement liability.

Why it matters — HE watchers would care because the quarterly results reflect the financial impact of the Maui wildfire settlement, an important ongoing factor for the company.

FAQ

Frequently asked questions about HE stock

What is the HE stock price forecast for 2026-2027?

The 4 Wall Street analysts covering Hawaiian Electric Industries, Inc. have a median 12-month price target of $8, with estimates ranging from $6.5 to $12. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is HE stock a buy right now?

Of the 4 analysts covering Hawaiian Electric Industries, Inc., 1 rate it a Buy, 1 a Hold and 2 a Sell. Ticker Nerd's systematic factor model ranks Hawaiian Electric Industries, Inc. 22 out of 100 across roughly 4,600 US stocks as at 4 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank HE?

As at 4 Nov 2026, Hawaiian Electric Industries, Inc. ranks 22 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Value (76 of 100).

Will HE stock go up?

No one can know that. What the data says: the median 12-month target from 4 analysts implies -5.9% from the last close, and Ticker Nerd's factor model ranks Hawaiian Electric Industries, Inc. 22 out of 100 as at 4 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the HE stock forecast for 2030?

No analyst covering Hawaiian Electric Industries, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for HE are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $6.5 to $12 over the next 12 months.

How has HE stock performed over the past year?

Hawaiian Electric Industries, Inc. returned -26.7% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Hawaiian Electric Industries, Inc. do?

Hawaiian Electric Industries, Inc. is a Hawaii-based holding company centered on electric utility and banking operations.

What is the latest news on HE?

The most recent item we track (Seeking Alpha, 27 Oct 2026): "Hawaiian Electric: Upgrade From Strong Sell To Buy - Time To Grab The Opportunity". Seeking Alpha upgraded Hawaiian Electric Industries from Strong Sell to Buy, citing declining risk and improved return prospects. The article states that dividend resumption is unlikely until wildfire liabilities are settled by April 2029.

Company

About Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc. is a Hawaii-based holding company centered on electric utility and banking operations. Through its utility subsidiaries, it produces, purchases, transmits, distributes, and sells electricity across the islands of Oahu, Hawaii, Maui, Lanai, and Molokai, serving residential communities, resorts, military installations, and agricultural customers. The company also holds a minority stake in American Savings Bank, adding retail and commercial banking services to its business mix. Hawaiian Electric Industries operates in regulated energy markets and supports renewable and sustainable infrastructure initiatives within Hawaii’s power system. Headquartered in Honolulu, the company plays a central role in the state’s essential services economy by linking power delivery, grid operations, and financial services under one corporate umbrella.

CEO Mr. Scott W. H. Seu · 2,659 employees · United States · https://www.hei.com