Evercore ISI Reiterates In Line Rating on Hawaiian Electric (HE), 'Takeaways from AG's Phase Two Report'

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Evercore ISI Reiterates In Line Rating on Hawaiian Electric (HE)

September 18, 2024 5:26 AM EDT

Evercore ISI analyst Durgesh Chopra reiterated an In Line rating and $16.00 price target on Hawaiian Electric (NYSE: HE).

The analyst comments "Bank transactions typically close in 6-8 months, which may be after the going concern risk needs to be resolved. It would be up for interpretation with HEs auditor whether an announced deal would be considered probable of being implemented. To resolve its going concern risk, Hawaiian Electric needs to raise $1.7 billion in... More

Evercore ISI on Hawaiian Electric (HE): 'We estimate Hawaiian Electric would fetch ~$400-540 million for a sale of American Savings Bank'

September 16, 2024 4:16 PM EDT

Evercore ISI analyst Durgesh Chopra reiterated an In Line rating and $16.00 price target on Hawaiian Electric (NYSE: HE).

The analyst comments "We estimate Hawaiian Electric would fetch ~$400-540 million for a sale of American Savings Bank. Bloomberg is reporting that Central Pacific Financial (NYSE: CPF) is reportedly in talks to acquire HEs American Savings Bank (ASB). With the banks second quarter 2024 release, HE indicated it is pursuing strategic options for ASB and recorded a goodwill... More

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September 13, 2024 3:58 PM EDT

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