Form SC 13G/A HAWAIIAN ELECTRIC INDUST Filed by: BlackRock, Inc.

Go back to Form SC 13G/A HAWAIIAN ELECTRIC INDUST Filed by: BlackRock, Inc.

Hawaiian Electric (HE) PT Raised to $11 at Evercore ISI

November 11, 2024 5:56 AM EST

Evercore ISI analyst Durgesh Chopra raised the price target on Hawaiian Electric (NYSE: HE) to $11.00 (from $9.00) while maintaining a In Line rating.

The analyst comments "HEs resolution of its going concern risk alleviates a financing timeline crunch. Management had initially planned on paying the settlement up front and, in the second quarter 2024, took a $1.7 billion (estimated lump sum amount) charge for the settlement, resulting in that amount of short-term liability. This created a scenario where HE needed to raise $1.7 billion in financing before its March 3, 2025 deadline to file its 2024 annual... More