HE - Hawaiian Electric Industries Inc Profile, Share Price, Market Analysis, Charts, Fundamentals

Business Description

Hawaiian Electric Industries, Inc. (HEI) is a public utility holding company headquartered in Honolulu, Hawaii. The company operates through two subsidiaries: Hawaiian Electric Company, Inc. (HECO) and American Savings Bank, FSB (ASB). HECO is the largest utility company in Hawaii, where it generates and distributes electricity to over 95% of the population. ASB is the third largest bank in Hawaii, with over 50 branches across the state.

HEI was founded in 1891, and has a long history of providing reliable and affordable energy services to the people of Hawaii. The company has developed a diversified fuel mix, consisting of renewable and non-renewable sources, to ensure energy security for the state. HECO operates a mix of power plants, including coal, oil, natural gas, and renewable energy sources such as wind, solar, hydro, and geothermal. In 2020, HECO generated over 3,600 gigawatt-hours (GWh) of electricity from renewable sources, which is equivalent to 33% of its total electricity generated.

HEI has also implemented various programs to promote energy efficiency and conservation among its customers. These programs include rebates for energy-efficient appliances, lighting, and HVAC systems, as well as demand response programs that incentivize customers to reduce their energy usage during times of peak demand.

Aside from its energy business, HEI has a strong presence in the financial industry through its subsidiary, ASB. The bank offers a range of financial products and services, including personal and business banking, home loans, and investment services. ASB has been recognized for its commitment to the community, supporting various nonprofit organizations and initiatives in Hawaii.

Overall, Hawaiian Electric Industries, Inc. is a vital part of Hawaiies economy, providing essential energy and financial services to the people of the state. The company has demonstrated a commitment to sustainability and community development, and continues to evolve in response to changing energy and financial trends.

Fundamental Analysis

All other

0.32 %

of total Revenue

Electric utility

99.68 %

of total Revenue

Variable Interest Entity Primary Beneficiary

42.47 %

of total Revenue

Hawaiian Electric

2.73 %

of total Revenue

Hawaii Electric Light

0.67 %

of total Revenue

Maui Electric

0.66 %

of total Revenue

Hawaiian Electric consolidated

22.2 %

of total Revenue

Consolidating adjustments Hawaiian Electric consolidated

-0.47 %

of total Revenue

Hawaiian Electric Reportable Legal Entities Hawaiian Electric consolidated

0.6 %

of total Revenue

Hawaii Electric Light Reportable Legal Entities Hawaiian Electric consolidated

0.68 %

of total Revenue

Maui Electric Reportable Legal Entities Hawaiian Electric consolidated

14.21 %

of total Revenue

Other subsidiaries Reportable Legal Entities Hawaiian Electric consolidated

20.91 %

of total Revenue

Services goods transferred over time

96.79 %

of total Revenue

Electric energy sales - residential

31.89 %

of total Revenue

Electric energy sales - commercial

29.84 %

of total Revenue

Electric energy sales - large light and power

34.11 %

of total Revenue

Electric energy sales - other

0.64 %

of total Revenue

Other sales

0.31 %

of total Revenue

Regulatory revenue

1.94 %

of total Revenue

Other

0.32 %

of total Revenue

Electric utility Services goods transferred over time

96.47 %

of total Revenue

Electric utility Electric energy sales - residential

31.89 %

of total Revenue

Electric utility Electric energy sales - commercial

29.84 %

of total Revenue

Electric utility Electric energy sales - large light and power

34.11 %

of total Revenue

Electric utility Electric energy sales - other

0.64 %

of total Revenue

Electric utility Regulatory revenue

1.94 %

of total Revenue

Electric utility Other

1.27 %

of total Revenue

Other Services goods transferred over time

0.31 %

of total Revenue

Other Other sales

0.31 %

of total Revenue

Other Other

0.01 %

of total Revenue

Hawaiian Electric Industries Inc Company Profile

Business Description

Fundamental Analysis