Hawaiian Electric Restores Power to 180K After Hurricane Lala
HE is trading near its 52-week low of $10.79 (9.0% above the low).
Summary
Hawaiian Electric has restored power to nearly 180,000 customers as of 4 PM, down from a peak of about 191,800 without power at 2:30 PM. This follows rapid escalation from 42,000 to 130,000 outages earlier in the day as Tropical Storm Lala hit. The company is prioritizing transmission line repairs and has asked Oahu customers to conserve electricity, with mainland utility crews expected Tuesday. Restoration progress is a positive operational signal, but the full financial impact of the storm remains unclear.
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 positive market sentiment and an importance score of 7 out of 10. Source: Reuters.