Deadly Maui fire sparked from blaze believed to have been extinguished, report says [USA TODAY]
Hawaiian Electric Industries, Inc. (HE)
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Source: USA TODAY
The Maui wildfire that and killed more than 100 people last year was caused by the "re-energization" of broken power lines that ignited unmaintained vegetation near a utility pole, officials confirmed in their findings released Wednesday. The Aug. 8, 2023, fire claimed at least 102 lives and in the historic town of Lahaina — making it one of the deadliest wildfires in U.S. history. The blaze, fueled by high winds and dry vegetation, rapidly spread as chaos overtook the town, sending some residents fleeing into the ocean and trapping others in their vehicles. Authorities initially determined that the flames were caused by severe weather and that strong winds stoked the fires in coastal communities. But in a nearly released Wednesday from the County of Maui Department of Fire and Public Safety (MFD) and U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), officials said the devastation was caused by a single fire that was believed to be extinguished but later reignited.
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News
- Hawaiian Electric Industries, Inc. (NYSE: HE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Hawaiian Electric Industries, Inc. (NYSE: HE) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $11.50 price target on the stock.MarketBeat
- Artificial intelligence changes across the US [FOX News]FOX News
- Hawaiian Electric Industries, Inc. (NYSE: HE) had its price target lowered by analysts at Evercore ISI from $11.00 to $10.00. They now have an "in-line" rating on the stock.MarketBeat
- Hawaiian Electric Continues to Advance Wildfire Safety Efforts [Yahoo! Finance]Yahoo! Finance
HE
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- HE's page on the SEC website