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Hawaiian Electric Industries’ stock plummeted more than 30% Tuesday after S&P Global downgraded the company’s credit rating to junk.
Shares of embattled utility Hawaiian Electric (NYSE: HE) fell 35.2% in August, according to data from S&P Global Market Intelligence.. The electric utility was hit late last year by the tragic ...
Hawaiian Electric is still reeling from the fallout of the disastrous wildfires of August 2023, which claimed 100 lives and caused about $5.5 billion in damages, according to the U.S. Fire ...
If the settlement is terminated and litigation drags out, Green said it could lead to the bankruptcy of Hawaiian Electric and Maui County. Under the tentative $4.037 billion deal, Hawaiian ...
Shares of Hawaiian Electric Co.'s parent fell more than 18% by market close Friday, one day after the utility was sued by Maui County over the fires that devastated Lahaina earlier this month.
Maui County sued Hawaiian Electric Company on Thursday over the fires that devastated Lahaina, saying the utility negligently failed to shut off power despite exceptionally high winds and dry ...
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Nov. 14—Hawaiian Electric has shared a glimpse of expenses from the Aug. 8 Maui wildfires while vowing to vigorously contest litigation blaming the company for the disaster. Hawaiian Electric ...