Why Hawaiian Electric Industries (HE) Stock Is Getting Hammered

What Happened?

Just four days before the destructive brush fires swept through portions of Maui, meteorologists issued alerts about hazardous fire conditions attributed to strong wind gusts.

The Washington Post reported that Hawaiian Electric, the state's electric utility, however, refrained from implementing a proven safety measure: cutting off the power.

According to data from Benzinga Pro, Hawaiian Electric Industries has a 52-week high of $44.00 and a 52-week low of $18.70.

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