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Stock impact report

Fire burns Hawaiian Electric Industries with $1.4B loss [Yahoo! Finance]

Hawaiian Electric Industries, Inc. (HE) 
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am Check Earnings Report
US:NYSE Investor Relations: hei.com/corporateprofile
Company Research Source: Yahoo! Finance
ANDREW VLIET / SPECIAL TO THE HONOLULU STAR-ADVERTISER An aerial view of destroyed structures six months after the devastating Aug. 8, 2023, wildfire that destroyed much of Lahaina. Hawaiian Electric Industries Inc. reported a $1.43 billion net loss for 2024 on Friday, though nearly all of the immense figure reflects an obligation to pay Maui wildfire damage claims over several years. The parent of Hawaiian Electric, according to company leaders, made progress in 2024 regaining financial strength, and has more money available than ever before to address needs that include wildfire risk mitigation and paying its $2 billion share of a pending $4 billion litigation settlement over the Aug. 8, 2023, disaster that destroyed most of Lahaina and killed 102 people. “2024 was a year of really significant achievements in the face of unprecedented challenges facing our company, ” Scott Seu, HEI president and CEO, told stock analysts on a conference call. “I really feel that we've made rap Show less Read more
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