Hawaiian Electric Industries' Return to Profitability: Implications for Investment Appeal

Hawaiian Electric Industries (HE) reported a return to profitability in Q3 with net income of $30.75 million, following a significant loss the previous year. The company also approved a consistent $10 million quarterly dividend. However, ongoing wildfire litigation and settlement efforts remain a significant risk, impacting the company's investment outlook. Investors should consider the financial constraints tied to wildfire settlement costs and planned infrastructure investments.