Hawaiian Electric Industries Inc

HE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$6.00	Qzg	Jnkdxvrh

Hawaiian Electric: Investors Lose Confidence Amid Heightened Wildfire Risk; Lowering Fair Value

Andrew Bischof

Aug 14, 2023

We are lowering our fair value estimate for Hawaiian Electric Industries to $23 per share from $34 after assessing numerous press reports over the weekend that suggest Hawaiian Electric's equipment may have been responsible for the recent Lahaina fire in the utility's service territory. The cause of the fire remains under investigation and no official cause has been determined.

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