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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 ...
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.
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 ...
Hawaiian Electric on Tuesday reported fourth-quarter and full-year net income in 2023 topping figures in 2022, which helped its parent company achieve strong but reduced profit in the same ...
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(Reuters) -Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it ...