Hawaiian Electric (HE, Financial) recently witnessed a sharp decline in its stock price, dropping by 5.02% to $9.28 per share. The trading volume reached 1.65725 million shares with a turnover rate of 0.96% and a price amplitude of 4.96%.
According to its latest financial report, Hawaiian Electric reported a revenue of $897 million, a net loss of $1.295 billion, and an earnings per share of -$11.74. The gross profit was -$1.719 billion, resulting in a price-to-earnings ratio of -0.88.
In terms of institutional ratings, all three participating institutions have recommended holding the stock, with none advising a buy or sell action.
In the broader energy and power sector, where Hawaiian Electric is categorized, the overall increase was 0.23%. Among its peers, companies like Argentine Northern Power Company and Central Puerto Sa Ads Each Repr 10 Ord Shs showed notable gains. Meanwhile, turnover rates for Oklo Inc., Hawaiian Electric, and New Fortress Energy Inc. were 1.47%, 0.96%, and 0.73%, respectively. Stocks with larger price amplitudes included Argentine Northern Power Company, Central Puerto Sa Ads Each Repr 10 Ord Shs, and Oklo Inc., with amplitudes of 7.93%, 6.76%, and 5.90%, respectively.
Hawaiian Electric is the parent company of three regulated utility companies and the American Savings Bank of Hawaii. These utilities provide electricity to the islands of Oahu, Hawaii, Maui, Molokai, and Lanai.
