HE, US4198701009

Jefferies cuts target for Hawaiian Electric Industries stock to USD 7.00

Published on 10/08/2026 at 21:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Core EPS fell 35.00 percent to USD 0.13 in Q2 2026. Hawaiian Electric Industries stock costs EUR 7.84 on October 8, 2026 after EUR 7.86.

Key points in brief

Jefferies cut its Hawaiian Electric Industries price target from USD 8.75 to USD 7.00 on October 6, 2026, while maintaining an Underperform rating.
Second-quarter 2026 core earnings per share fell 35.00 percent year over year to USD 0.13, while reported net income was USD 123.2 million.
The Lang & Schwarz after-hours quote was EUR 7.84 on October 8, 2026, minus 0.25 percent versus the EUR 7.86 prior close.
The next earnings report is scheduled for November 6, 2026, according to a dated market calendar.

HE, US4198701009, Illustration mit AI erstellt.

Hawaiian Electric Industries (ISIN US4198701009) was at the center of a fresh analyst reset on October 6, 2026, when Jefferies cut its price target from USD 8.75 to USD 7.00 and maintained an Underperform rating, Investing.com reported. The new target reflects a 14.00-times peer multiple, down from 15.40 times, as storm costs and financing burdens weighed on the analyst view.

Three recent milestones

On August 7, 2026, Hawaiian Electric reported second-quarter revenue of USD 939.7 million, GAAP net income of USD 123.2 million and GAAP earnings per share of USD 0.71, according to Yahoo Finance. Core net income was USD 22.5 million, down from USD 35.4 million in the second quarter of 2025, while core earnings per share fell from USD 0.20 to USD 0.13, a 35.00 percent decline.

On September 16, 2026, Hawaiian Electric Industries sold approximately 2.0 million American Savings Bank shares for USD 29.5 million in net proceeds. The filing also reported an additional USD 4.4 million from the underwriters' option on September 21, 2026, according to the SEC.

On October 6, 2026, the Jefferies target cut became the latest dated event. Its 2026 earnings estimate fell 11.00 percent to USD 0.73 per share, while its 2029 to 2030 estimate was reduced to USD 0.82-0.84 per share, Investing.com reported.

What does the target cut mean?

The reduction points to a difficult transition rather than a simple revenue problem. Hawaiian Electric's second-quarter core earnings were pressured by higher operating and interest expenses, while the reported USD 123.2 million profit included a non-cash accounting benefit linked to the Maui wildfire settlement liability.

The liability was remeasured from USD 1.44 billion to USD 1.30 billion, reducing expenses by USD 153.9 million in the quarter. Management also said total liquidity was USD 1.3 billion at the end of the second quarter, while approved Wildfire Mitigation Plan costs totaled USD 350 million, according to the Q2 earnings transcript carried by Yahoo Finance.

Dates on the calendar

The next earnings report is scheduled for November 6, 2026, according to Investing.com. Management has also requested an interim rate decision for December 18, 2026, ahead of proposed first-phase rate changes in 2027, according to the Q2 call transcript carried by Yahoo Finance.

EUR 7.84 after hours

Hawaiian Electric Industries stock was trading at EUR 7.84 at Lang & Schwarz on October 8, 2026 at 9:35 p.m. CEST, minus 0.25 percent versus the EUR 7.86 prior close on October 7, 2026. The NYSE quote was USD 8.79 at 3:39 p.m. EDT on October 8, 2026, against a 52-week range of USD 8.64 to USD 17.38, while market capitalization was USD 1.5 billion.

The further course of trading is shown by the continuously updated real-time quote of Hawaiian Electric Industries stock.