HE · Hawaiian Electric Industries
AI read · Neutral
The AI's read
Higher profit partly came from American Savings Bank, while Pacific Current recorded a non-cash asset charge. HE is moving toward a utility-only business, so this quarter does not show how that business will perform on its own. Lower wildfire insurance premiums and about $1.3 billion in liquidity help. But HE still faces settlement payments and storm costs, and it is waiting for decisions on rates and other utility rules.