Hawaiian Electric Industries Inc (HE) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Hawaiian Electric Industries Inc (HE) stock forecast summary
Our AI scores Hawaiian Electric Industries Inc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Hawaiian Electric Industries Inc is a small-cap company with a market capitalization of $1.45B. It ranks number 37 by market capitalization among the 49 Electric Services issuers in our coverage with a current forecast.
For HE, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 33.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 31.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, HE included.
HE price chart and AI forecast
How HE ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Hawaiian Electric Industries Inc (HE) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Electric Services peers listed below that report each metric.
Valuation & Market
| Metric | HE | Rank |
|---|---|---|
| Market Cap | $1.45B | 37/49 |
| P/E Ratio | 11.53x | 26/30 |
| P/B Ratio | 0.81x | 33/36 |
| EPS | $0.73 | – |
| Book Value/Share | $10.43 | – |
| Revenue/Share | $20.27 | – |
| FCF/Share | $-3.53 | – |
Profitability & Margins
| Metric | HE | Rank |
|---|---|---|
| ROIC | 5.1% | 18/38 |
| Operating Margin | 10.4% | 26/34 |
| EBT Margin | 7.9% | 25/34 |
| Tax Rate | 16.6% | – |
Financial Health
| Metric | HE | Rank |
|---|---|---|
| Current Ratio | 0.99x | 19/46 |
| D/E Ratio | 3.74x | 10/43 |
| Financial Leverage | 4.74x | 11/42 |
| Interest Coverage | 3.8x | 3/37 |
| Working Capital | -$17M | 21/46 |
Cash Flow
| Metric | HE | Rank |
|---|---|---|
| Operating Cash Flow | -$125M | 43/44 |
| Free Cash Flow | -$610M | 20/28 |
| Capital Spending | -$485M | 6/28 |
| OCF Growth YoY | -129.6% | 32/32 |
| FCF Growth YoY | -860.5% | 9/10 |
| FCF/Sales | -17.4% | 19/27 |
| CapEx/Sales | 13.9% | 24/27 |
Operational Efficiency
| Metric | HE | Rank |
|---|---|---|
| Asset Turnover | 0.41x | 6/28 |
| Receivables Turnover | 6.6x | 23/26 |
| Fixed Assets Turnover | 0.5x | 8/22 |
| Days Sales Outstanding | 55 days | 4/26 |
Income Statement
| Metric | HE | Rank |
|---|---|---|
| Total Revenue | $3.50B | 18/29 |
| Operating Income | $366M | 25/42 |
Dividend & Shareholder Information
| Metric | HE | Rank |
|---|---|---|
| Shares Outstanding | 173M | – |
| EPS Growth | -54.4% | 24/25 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.30B | 15.2% of assets |
| Cash & Short-term Investments | $224M | 2.6% of assets |
| Accounts Receivable | $528M | 6.2% of assets |
| Total Liabilities | $6.74B | 79.0% of assets |
| Short-term Debt | $962M | 11.3% of assets |
HE quarterly financials and insider trading
Hawaiian Electric Industries Inc (HE) industry peers
Companies classified under the same SEC industry code as Hawaiian Electric Industries Inc (Electric Services): 52 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| HE Hawaiian Electric Industries Inc | $1.45B | |
| NEE Nextera Energy Inc | $181.08B | |
| SO Southern Co | $102.78B | |
| CEG Constellation Energy Corp | $88.56B | |
| AEP American Electric Power Co Inc | $67.73B | |
| D Dominion Energy, Inc | $58.58B | |
| ETR Entergy Corp /De/ | $49.37B | |
| VST Vistra Corp. | $41.89B | |
| FTS Fortis Inc. | $30.49B | |
| DTE Dte Energy Co | $28.06B | |
| FE Firstenergy Corp | $26.82B | |
| PPL Ppl Corp | $26.64B | |
| CNP Centerpoint Energy Inc | $26.54B | |
| ES Eversource Energy | $26.31B | |
| EIX Edison International | $22.84B | |
| BEP Brookfield Renewable Partners L.P. | $21.32B | |
| NRG Nrg Energy, Inc. | $18.56B | |
| EMA Emera Inc | $15.17B | |
| TLN Talen Energy Corp | $13.76B | |
| BEPC Brookfield Renewable Corp | $10.77B | |
| OGE Oge Energy Corp. | $10.20B | |
| ENLT Enlight Renewable Energy Ltd. | $9.03B | |
| IDA Idacorp Inc | $8.63B | |
| EAI Entergy Arkansas, Llc | $8.47B | |
| ELPC Energy Co Of Parana | $8.01B | |
| CWEN Clearway Energy, Inc. | $7.00B | |
| BKH Black Hills Corp /Sd/ | $6.47B | |
| TXNM Txnm Energy Inc | $6.34B | |
| ORA Ormat Technologies, Inc. | $5.72B | |
| POR Portland General Electric Co /Or/ | $5.47B | |
| CIG Energy Co Of Minas Gerais | $5.32B | |
| OKLO Oklo Inc. | $4.38B | |
| AQN Algonquin Power & Utilities Corp. | $4.24B | |
| TAC Transalta Corp | $3.86B | |
| OTTR Otter Tail Corp | $3.36B | |
| KEN Kenon Holdings Ltd. | $3.01B | |
| FRVO Fervo Energy Co | $2.66B | |
| XIFR Xplr Infrastructure, Lp | $687M | |
| NNE Nano Nuclear Energy Inc. | $597M | |
| HNRG Hallador Energy Co | $476M | |
| GFUZ General Fusion Group Ltd. | $327M | |
| ELLO Ellomay Capital Ltd. | $234M | |
| ONEN One Nuclear Energy Inc. | $179M | |
| AMFN American Fusion, Inc. | $118M | |
| FISN Deep Fission, Inc. | $109M | |
| HDRN Hadron Energy, Inc. | $48M | |
| WAVE Eco Wave Power Global Ab (Publ) | $27M | |
| BESS Bimergen Energy Corp | $19M | |
| OPTT Ocean Power Technologies, Inc. | $3M | |
| APSI Aqua Power Systems Inc. | N/A | |
| AXIAY Axia Energia S.A. | N/A | |
| CBMJ Conservative Broadcast Media & Publishing, Inc. | N/A |
Where HE sits on the market map
Hawaiian Electric Industries Inc (HE) stock news
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Hawaiian Electric Industries Inc (HE) stock forecast FAQ
What is the Hawaiian Electric Industries Inc (HE) stock forecast?
Our AI scores Hawaiian Electric Industries Inc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Hawaiian Electric Industries Inc stock predictions?
For HE, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 33.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 31.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Hawaiian Electric Industries Inc forecasts updated?
Hawaiian Electric Industries Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Hawaiian Electric Industries Inc's industry peers?
52 issuers in our coverage, HE included, share the SEC industry code Electric Services. The largest are: Nextera Energy Inc (NEE), Southern Co (SO), Constellation Energy Corp (CEG), American Electric Power Co Inc (AEP), Dominion Energy, Inc (D), Entergy Corp /De/ (ETR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.