HE
Year of transition, not victory lap
Hawaiian Electric Industries told investors it entered 2026 in a “year of transition,” which is corporate-speak for: the last few years were chaos, and now the company is trying to make the plumbing work again. The big milestone? It says it finalized the Maui wildfire tort settlement, removing one giant overhang from the story.
The real watch item: the rate rebasing plan
The other key move is a rate rebasing proposal aimed at supporting utility investment. That matters because utilities don’t exactly thrive on vibes alone — they need a path to recover costs, fund infrastructure, and keep regulators reasonably happy. If that plan advances smoothly, it could help stabilize Hawaiian Electric’s long-term earnings setup.
Why investors care
For HE shareholders, this isn’t the kind of call where everyone’s hunting for a meme-worthy upside surprise. It’s more about balance-sheet cleanup, regulatory traction, and whether management can turn “survival mode” into something closer to normal utility life.
Big picture: this looks like a company trying to trade headline risk for boring, regulated predictability — and for a utility, boring can be beautiful.