HE
Hawaiian Electric Industries, Inc. Utilities - Utilities - Regulated Electric Investor Relations →
Hawaiian Electric Industries, Inc. (HE) closed at $13.02 as of 2026-06-19, trading 29.2% below its 200-week moving average of $18.40. This places HE in the extreme value zone. The stock is currently moving closer to the line, down from -27.8% last week. The 14-week RSI sits at 37, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.82 ratio) is neutral — neither side is clearly dominating.
Over the past 2734 weeks of data, HE has crossed below its 200-week moving average 28 times. On average, these episodes lasted 19 weeks. Historically, investors who bought HE at the start of these episodes saw an average one-year return of +6.8%.
With a market cap of $2.2 billion, HE is a mid-cap stock. The company generates a free cash flow yield of 4.5%. Return on equity stands at 8.0%. The stock trades at 1.4x book value.
Share count has increased 57.7% over three years, indicating dilution.
Over the past 33.5 years, a hypothetical investment of $100 in HE would have grown to $367, compared to $3097 for the S&P 500. HE has returned 4.0% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -24.3% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HE Crosses Below the Line?
Across 17 historical episodes, buying HE when it crossed below its 200-week moving average produced an average return of +3.5% after 12 months (median +23.0%), compared to +19.3% for the S&P 500 over the same periods. 76% of those episodes were profitable after one year. After 24 months, the average return was +5.7% vs +26.0% for the index.
Each line shows $100 invested at the moment HE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices HE would reach each dislocation threshold.
Dislocation Price Levels
Prices where HE's Bean Score would hit each σ threshold. Valid until next earnings report (date TBD — last report: 2026-03-31).
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $12.72 | Unusually cheap — potential buy zone |
| Value | +1σ | $14.63 | Cheap vs. own history |
| Fair Value | +0σ | $17.23 | Historical mean behavior |
| Expensive | -1σ | $20.94 | Expensive vs. own history |
| Deep Expensive | -2σ | $26.69 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from HE's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
HE has crossed below its 200-week MA 28 times with an average 1-year return of +6.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1974 | Apr 1975 | 65 | 36.6% | -3.0% | +1792.3% |
| Sep 1975 | Oct 1975 | 4 | 5.3% | +2.4% | +1736.7% |
| Dec 1975 | Dec 1975 | 3 | 5.6% | +8.3% | +1758.5% |
| May 1976 | Jul 1976 | 9 | 4.6% | +13.5% | +1736.7% |
| May 1979 | May 1979 | 1 | 0.1% | -6.2% | +1509.5% |
| May 1979 | Jun 1979 | 1 | 0.2% | -3.6% | +1509.5% |
| Sep 1979 | Nov 1979 | 9 | 3.1% | -2.0% | +1493.0% |
| Dec 1979 | Jun 1981 | 79 | 23.9% | -18.5% | +1501.2% |
| Jun 1981 | Nov 1981 | 19 | 7.6% | +7.2% | +1501.2% |
| Jan 1982 | Jan 1982 | 1 | 0.7% | +32.8% | +1526.2% |
| Oct 1990 | Oct 1990 | 4 | 1.1% | +37.3% | +451.0% |
| Jun 1994 | Jul 1994 | 4 | 2.8% | +27.8% | +293.4% |
| Aug 1994 | Aug 1994 | 1 | 0.1% | +19.9% | +279.5% |
| Aug 1994 | Oct 1994 | 6 | 4.0% | +22.9% | +277.3% |
| Oct 1994 | Dec 1994 | 6 | 3.6% | +33.2% | +272.8% |
| Nov 1999 | Mar 2000 | 19 | 11.6% | +15.6% | +160.8% |
| Jul 2000 | Jul 2000 | 2 | 0.8% | +29.1% | +150.6% |
| Jun 2007 | Mar 2008 | 41 | 12.4% | +20.7% | +15.2% |
| Dec 2008 | Dec 2009 | 55 | 44.9% | -6.2% | +10.4% |
| Jan 2010 | Feb 2010 | 4 | 7.7% | +32.3% | +17.2% |
| Apr 2014 | May 2014 | 1 | 0.1% | +41.4% | -19.4% |
| Jun 2020 | Jun 2020 | 1 | 0.1% | +26.4% | -57.8% |
| Aug 2020 | Nov 2020 | 12 | 7.6% | +35.0% | -56.9% |
| Dec 2020 | Mar 2021 | 10 | 7.2% | +20.5% | -57.9% |
| Sep 2022 | Nov 2022 | 7 | 11.7% | -64.6% | -63.4% |
| Mar 2023 | Mar 2023 | 3 | 3.3% | -67.2% | -63.9% |
| May 2023 | Jul 2023 | 9 | 5.9% | -72.1% | -63.7% |
| Jul 2023 | Ongoing | 151+ | 74.0% | Ongoing | -64.0% |
| Average | 19 | — | +6.8% | — |
Frequently Asked Questions
Is HE below its 200-week moving average?
Yes. As of 2026-06-19, Hawaiian Electric Industries, Inc. (HE) is trading 29.2% below its 200-week moving average of $18.40. The current price is $13.02.
What is HE's 200-week moving average price?
Hawaiian Electric Industries, Inc.'s 200-week moving average is $18.40 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HE drops below its 200-week moving average?
HE has crossed below its 200-week moving average 28 times in our data. On average, buying at that moment produced a one-year return of +6.8%. These dips have historically been decent entry points. These episodes lasted 19 weeks on average.
Is HE a good value right now?
Here's what our data says about HE as of 2026-06-19: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 37. Free cash flow yield is 4.5%. Return on equity is 8.0%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does HE compare to the S&P 500?
Over the past 33.5 years, $100 invested in HE would have grown to $367, compared to $3097 for the S&P 500. That's 4.0% annualized vs 10.8% for the index. HE has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19