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Income Insights

Hawaiian Electric: Wildfire Survivor But More Pain Likely

By Roger S. Conrad on Aug. 24, 2023

Just weeks after earning an upgrade to A- from credit rater Fitch and reporting solid Q2 results, Hawaiian Electric’s (NYSE: HE) stock has dropped by more than two thirds. The reason: A devastating wildfire on the island of Maui August 8, which whipped up by hurricane winds reduced the town of Lahaina to rubble, killed over 100 people and left thousands homeless.

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