Hawaiian Electric Industries, Inc. (HE)

HE Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, HE stock has a consensus rating of "Sell" and an average price target of $13.75. The average 1-year stock price forecast is 3.15% higher than the current stock price, while the lowest is $13.5 (+1.28%) and the highest is $14 (+5.03%).

Price Target: $13.75 (+3.15%)

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$13.5	$13.75	$13.75	$14
Change	+1.28%	+3.15%	+3.15%	+5.03%

* Price targets were last updated on Apr 8, 2026.

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	2	1	1	2	2	2
Sell	1	1	0	0	0	0
Strong Sell	0	1	2	1	1	1
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lonegan Barclays	Barclays	Hold Maintains $14	Hold	Maintains	$14	+5.03%	Apr 8, 2026
Julien Dumoulin Smith Jefferies	Jefferies	Sell Downgrades $14 → $13	Sell	Downgrades	$14 → $13	-6.23%	Jan 20, 2026

Financial Forecast

Revenue This Year

3.33B

Increased by 7.94%

from 3.09B

Revenue Next Year

3.52B

Increased by 5.52%

from 3.33B

EPS This Year

0.96

Increased by 35.64%

from 0.71

EPS Next Year

1.16

Increased by 20.32%

from 0.96

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	3.33B	3.52B
Revenue Growth	10.49%	20.02%	-3.90%	-2.06%	-4.13%	7.94%	5.52%
EPS	2.25	2.20	1.82	-11.24	0.71	0.96	1.16
EPS Growth	24.31%	-2.28%	-17.42%	-	-	35.64%	20.32%
Forward PE	-	-	-	-	-	13.84	11.50
No. Analysts	-	-	-	-	-	6	6

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	3.5B	3.7B
Avg	3.3B	3.5B
Low	3.1B	3.3B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	13.3%	10.0%
Avg	7.9%	5.5%
Low	-0.4%	-1.9%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	1.08	1.19
Avg	0.96	1.16
Low	0.82	1.10

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	52.3%	23.2%
Avg	35.6%	20.3%
Low	15.9%	14.0%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.