Buffett's junior apprentice$Hawaiian Electric Industries(HE.US)Hawaiian Electric Industries has overcome its difficulties as of 16:00 on September 17!
The compensation amount for the 2023 Maui wildfire in Hawaii has been confirmed at $4 billion USD, which is lower than the market expectation of $5 billion USD. Multiple institutions will cover $2.3 billion out of the $4 billion, while Hawaii, as the main responsible party for the fire, will compensate $1.7 billion USD. This has already been accounted for in the Q2 2024 earnings report, and everything is moving in a positive direction!
The stock price of Hawaiian Electric Industries rose on September 16, proving that the company is on its way to value recovery. With time, the stock price of Hawaiian Electric Industries is bound to break through $13 USD in September, marking a brand new beginning! Go go go!
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