Hawaiian Electric Outages Triple to 130,000 as Storm Lala Downgraded
HE is trading near its 52-week low of $10.79 (9.0% above the low).
Summary
Power outages across Hawaiian Electric's service territory have surged from 42,000 to nearly 130,000 customers as Tropical Storm Lala continues to batter the islands. The storm, downgraded from a Category 1 hurricane, is still producing 70 mph winds and life-threatening conditions, with another 4-8 inches of rain expected. Repair efforts are hampered by flooded roads and downed trees, and one death plus two homes swept away underscore the severity. This is a material escalation from the earlier report and will likely pressure the utility's near-term operations and restoration costs. Watch for further outage updates and any regulatory or financial impact disclosures.
At the time of this announcement, HE was trading at $11.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $10.79 to $17.38. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.