Energy supply: 70%
Banking: 30%

Hawaiian Electric Industries, Inc. generates the majority of its revenue from energy supply, particularly by providing electricity on the Hawaiian Islands. A significant portion of the income also comes from banking, as the company operates the American Savings Bank.

TOP 3 Markets:

1. Hawaii (Electricity): 65%
2. Hawaii (Banking): 25%
3. Other Markets: 10%

The largest market for Hawaiian Electric Industries is the domestic market in Hawaii, both in the energy supply and banking sectors. The rest of the revenue is generated from other smaller markets, which, however, account for a smaller share compared to the main markets.

Production Sites: Hawaii, USA

Hawaiian Electric Industries, Inc. is mainly active in the field of electricity generation and distribution and does not operate traditional production facilities for physical products. The company generates and delivers electricity in the Hawaiian Islands, especially on Oahu, Maui, and Hawaii Island. Electricity generation is done through a combination of fossil fuels and renewable energy sources, with the latter gaining increasing importance.

Strategy for Future Growth:

Hawaiian Electric Industries, Inc. (HE) is pursuing a strategy based on renewable energies and the modernization of the grid infrastructure.

The company is committed to significantly increasing the share of renewable energies in its energy mix. This includes investments in solar and wind power projects as well as energy storage solutions to improve the reliability and efficiency of the power grid.

Furthermore, Hawaiian Electric is focusing on the digitization and automation of its networks to reduce operating costs and enhance service quality for customers. These measures are part of a broader plan to support Hawaii in achieving its climate goals, including reducing greenhouse gas emissions.

Through these strategic initiatives, the company aims not only to strengthen its market position but also to contribute to the sustainable development of the region.

Main Imported Raw Materials: Crude oil, natural gas

Countries of Origin: Indonesia, Malaysia, Australia

Hawaiian Electric Industries, Inc. heavily relies on the import of fossil fuels, as energy generation in Hawaii traditionally relies on oil and gas power plants. Crude oil and natural gas are the primary raw materials imported to supply the energy infrastructure of the islands.

The main suppliers of these raw materials are countries in the Asia-Pacific region, especially Indonesia, Malaysia, and Australia. These countries are preferred partners for importing fossil fuels to Hawaii due to their geographical proximity and established export capacities.

In recent years, Hawaiian Electric has also made efforts to increase the share of renewable energies to reduce the dependence on imported fossil fuels.

Market Share in Hawaii: Over 90% (2026)
Customer Satisfaction: 85% (2025, JD Power)
Investment in Renewable Energies: 30% of the budget (2026)

Hawaiian Electric Industries, Inc. has a significant competitive advantage due to its dominant market position in the Hawaiian Islands, where it controls over 90% of the electricity market. This monopoly position enables the company to generate stable revenues and possess pricing power.

In recent years, the company has made substantial investments in renewable energies, which not only contribute to meeting regulatory requirements but could also reduce operating costs in the long term. These investments account for approximately 30% of their budget and position Hawaiian Electric as a pioneer in sustainable energy supply.

Customer satisfaction stands at 85%, indicating good service and reliable power supply. These factors further strengthen the competitive advantage by increasing customer loyalty and raising entry barriers for potential competitors.

Institutional Investor Share: 55% (estimated for 2026)
Insider Buys/Sells: No significant changes in the last year (2026)

The institutional investor share in Hawaiian Electric Industries, Inc. is estimated to be around 55%. This indicates that a significant portion of the shares is held by large institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

Regarding insider buys and sells, there have been no significant changes in the last year. This could indicate that the management and other insiders currently do not expect significant changes in the company's value or that they are satisfied with the current corporate strategy.

Market share of Hawaiian Electric Industries, Inc.: Estimate: approximately 2-3% in the US energy market (2026)

Major competitors and their market shares:

1. NextEra Energy, Inc. (NYSE:NEE): around 15%
2. Duke Energy Corporation (NYSE:DUK): around 10%
3. Southern Company (NYSE:SO): around 9%
4. Dominion Energy, Inc. (NYSE:D): around 7%
5. Exelon Corporation (NASDAQ:EXC): around 6%
6. American Electric Power Company, Inc. (NASDAQ:AEP): around 5%
7. PG&E Corporation (NYSE:PCG): around 4%
8. PPL Corporation (NYSE:PPL): around 3%
9. Hawaiian Electric Industries, Inc. (NYSE:HE): around 2-3%

Moat of Hawaiian Electric Industries, Inc.:

Hawaiian Electric Industries has a geographical moat as it is the main provider for the Hawaiian Islands. This geographical isolation provides a certain protection against new competitors and enables a stable customer base. However, the market share is relatively small compared to the large national providers.

Compared to larger competitors like NextEra Energy or Duke Energy, which have extensive resources and a broader geographical reach, the moat of Hawaiian Electric Industries is less pronounced. These larger companies often benefit from economies of scale, diversified energy sources, and greater investment capacities in renewable energies.

Overall, Hawaiian Electric Industries offers a solid but limited moat, mainly based on its geographical location. The larger competitors typically have stronger financial and operational advantages.

Revenue Growth: 3.5% (estimated for 2026) Profit Growth: 2.8% (estimated for 2026) Dividend Yield: 3.6% (2026)

Hawaiian Electric Industries, Inc. has achieved moderate revenue growth of around 3.5% in recent years. This is largely due to stable demand for energy in the Hawaiian Islands. The company has consistently invested in modernizing its infrastructure to increase efficiency and integrate renewable energies.

The profit growth rate of 2.8% shows that the company is able to control its costs and maintain its margins, despite challenges from rising operating costs and regulatory requirements.

The dividend yield of 3.6% makes the stock attractive to investors seeking stable returns. Hawaiian Electric Industries has a long history of dividend payments, indicating a solid financial foundation.

Overall, Hawaiian Electric Industries stock could be a good investment for investors looking for stable returns and moderate growth potential. Investing in renewable energies and strategic positioning in the Hawaiian Islands offer long-term opportunities, although growth rates are relatively moderate compared to other sectors.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Continuous payout for several years

Hawaiian Electric Industries, Inc. has regularly distributed dividends to its shareholders in the past. The estimated dividend yield of 3.5% for 2026 indicates an attractive payout compared to many other utility companies.

The company has a long history of dividend payments, which suggests a certain level of reliability. The financial stability and cash flow of the company are crucial for maintaining these payouts. However, investors should also consider the overall economic situation and specific challenges in the energy sector that could influence future dividend policies.