HE
NYSE · Utilities · Diversified Utilities · US
Hawaiian Electric Industries, Inc. (NYSE:HE) is a diversified utility holding company founded in 1891 and headquartered in Honolulu, Hawaii. The company operates as the primary electric utility serving the Hawaiian islands while also maintaining banking operations through its American Savings Bank subsidiary. HEI has been publicly traded since 1964 and serves as a critical infrastructure provider for Hawaii's economy, supplying electricity to residential communities, resorts, military installations, and agricultural operations across Oahu, Hawaii, Maui, Lanai, and Molokai. The company has faced significant challenges in recent years, particularly following the devastating 2023 Maui wildfires, which resulted in substantial legal settlements and operational changes focused on wildfire prevention and grid modernization.