Hawaiian Electric Industries Inc. (HE) in Focus: Stock Soars 14.3% – Tale of the Tape

Zacks

Hawaiian Electric Industries Inc. (HE) was a big mover last session, as the company saw its shares rise by over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $27.18 to $28.30 in the past one-month time frame.

The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Hawaiian Electric currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Other well-placed stocks include Black Hills Corporation (BKH), PG&E Corporation (PCG) and ALLETE, Inc. (ALE). While Black Hills and PG&E hold a Zacks Rank #1 (Strong Buy), ALLETE carries the same Zacks Rank as Hawaiian Electric.

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