Hawaiian Electric (HE, Financial) experienced a significant stock movement with a 5.13% increase. The stock is priced at $8.82 per share with a trading volume of 1.29706 million shares and a turnover rate of 0.75%, showing a price fluctuation of 3.53%.
In its recent financial report, Hawaiian Electric reported a revenue of $938 million, a net loss of $104 million, and an earnings per share (EPS) of -$0.91. The gross profit stood at -$127 million, resulting in a price-to-earnings (P/E) ratio of -0.75. Among the four institutions rating the stock, all recommend holding, with no buy or sell recommendations.
The energy and power sector, where Hawaiian Electric operates, saw an overall increase of 0.86%. Within this sector, stocks like Oklo Inc., Edison International, and Pacific Gas & Electric showed notable gains. Oklo Inc. was particularly active with a turnover rate of 6.70%, while Edison International and Pacific Gas & Electric had turnover rates of 1.60% and 1.23%, respectively. Stocks with significant price fluctuations included Oklo Inc. at 11.71%, Northern Argentina Power Company at 7.86%, and Pacific Gas & Electric at 5.86%.
Hawaiian Electric Industries is the parent company of three regulated utilities in Hawaii and holds a 10% minority interest in American Savings Bank. The utilities provide electricity services across Oahu, Hawaii Island, Maui, Molokai, and Lanai.
