Jefferies cuts Hawaiian Electric stock price target on storm costs
Jefferies reduced its price target for Hawaiian Electric (HE) to $7.00 from $8.75, citing storm costs and higher financing expenses. The firm lowered its 2026 earnings estimate by 11% to $0.73 per share. HE's stock trades at $8.93, near its 52-week low, with a P/E ratio of 6.9. The company reported Q2 earnings of $0.13 per share, missing estimates, and faces litigation and high debt.



