Hawaiian Electric Industries, Inc. (HE)

Hawaiian Electric Industries, Inc. (HE) is the primary provider of electricity to 95% of the state of Hawaii and the parent of American Savings Bank, headquartered in Honolulu. Led by President and CEO Scott Seu, HEI’s strategic mission is to "be a catalyst for a better and more sustainable Hawaii by leading the transition to 100% clean energy." The company holds a unique industry position as a vertically integrated island utility navigating one of the most aggressive renewable mandates in the U.S. HEI’s vision is to build a "Resilient and Carbon-Free Paradise." By late 2025, HE stock has stabilized following the passing of state legislation that established a liability cap for future wildfire damages and authorized $500 million in securitization for safety improvements.

The business operations of Hawaiian Electric are currently focused on the "Wildfire Safety and Resilience" program, with $400 million in 2025 capital expenditures dedicated to grid hardening. In fiscal 2025, the company achieved a 36% Renewable Portfolio Standard (RPS), keeping it on track for its 2030 and 2045 goals. The 2026 strategic roadmap focuses on "Operational De-risking" following the planned sale of American Savings Bank to simplify the enterprise structure. HE holds a "Geographic Moat" as the sole utility provider for its island service areas. By late 2025, the company had successfully rebuilt its liquidity through equity offerings and strategic asset reviews, positioning itself to lead Hawaii toward a future that is economically and environmentally thriving.