Hawaiian Electric Industries, Inc. (HE)

HE Stock Forecast

Stock Price Forecast

The 2 analysts that cover HE stock have a consensus rating of "Sell" and an average price target of $13.25, which forecasts a -12.54% decrease in the stock price over the next year. The lowest target is $12.5 and the highest is $14.

Price Target: $13.25 (-12.54%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$12.5	$13.25	$14	$14
Change	-17.49%	-12.54%	-7.59%	-7.59%

Analyst Ratings

The average analyst rating for HE stock is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	3	2	2	1
Sell	0	0	0	1	1	1
Strong Sell	0	0	0	0	0	0
Total	4	4	3	3	3	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nicholas Campanella Barclays	Barclays	Hold Maintains $13 → $14	Hold	Maintains	$13 → $14	-7.59%	Mar 2, 2026
Nicholas Campanella Barclays	Barclays	Hold Maintains $11 → $13	Hold	Maintains	$11 → $13	-14.19%	Jan 26, 2026
Julien Dumoulin-Smith Jefferies	Jefferies	Hold → Sell Downgrades $14 → $13	Hold → Sell	Downgrades	$14 → $13	-17.49%	Jan 20, 2026
Nicholas Campanella Barclays	Barclays	Hold Maintains $10 → $11	Hold	Maintains	$10 → $11	-27.39%	Jan 15, 2026
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Maintains $12 → $12	Hold	Maintains	$12 → $12	-20.79%	Dec 3, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.61B

Increased by 16.78%

from 3.09B

Revenue Next Year

3.70B

Increased by 2.72%

from 3.61B

EPS This Year

1.04

Increased by 46.04%

from 0.71

EPS Next Year

1.04

Increased by 0.33%

from 1.04

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.85B	3.42B	3.29B	3.22B	3.09B	3.61B	3.70B
Revenue Growth	10.49%	20.02%	-3.90%	-2.06%	-4.13%	16.78%	2.72%
EPS	2.25	2.20	1.82	-11.24	0.71	1.04	1.04
EPS Growth	24.31%	-2.28%	-17.42%	-	-	46.04%	0.33%
Forward PE	-	-	-	-	-	14.61	14.56
No. Analysts	-	-	-	-	-	6	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029
High	4.0B	4.1B
Avg	3.6B	3.7B
Low	3.2B	3.3B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	29.0%	13.6%
Avg	16.8%	2.7%
Low	5.0%	-7.7%

EPS Forecast

EPS	2026	2027	2028	2029
High	1.17	1.25
Avg	1.04	1.04
Low	0.89	0.75

EPS Growth

EPS Growth	2026	2027	2028	2029
High	64.2%	20.5%
Avg	46.0%	0.3%
Low	25.6%	-27.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.