Stock Ratings / Utilities / HE / options

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Hawaiian Electric Industries Inc. (HE) Options Positioning, Max Pain & Unusual Sweeps

$8.55 +1.91% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $8.56

Hawaiian Electric Industries Inc. (HE) carries a Roarable Rating of C- (Hold) with 59/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 59/100 (C-) historically posted market-perform odds over rolling 90-day windows (+0.2% avg 90D alpha vs SPY) →

ROARABLE C- • HOLD / WATCH Cap $1.48B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $8.56 (+0.15%)🧬 Cannibal Buyback (-1.80% YoY Shares)⚙️ Cash Engine: 7/20 (D-) • 1.6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 59/100 (C-) historically posted market-perform odds over rolling 90-day windows (+0.2% avg 90D alpha vs SPY • 53.1% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+0.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HE)Realized 20D OHLCV Swing Band: ±6.4%

Deterministic 5-Pillar Attribution (59/100 Composite)

🔍 WHY HE SCORES 59/100 (C-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+15/20 pts (25% of score)

FRED Regime × Technicals: 4% of 52W Range • RSI-14 at 44.5 (NEUTRAL RANGE)

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+14/20 pts (24% of score)

SEC Form 4 / 13F Thermometer: 70% Net Buy • Cannibal Buyback (-1.80% YoY Shares)

▼ #1 Drag / Risk Factor: Cash Engine Quality7/20 pts (-13 pt drag)

Capital intensity & 7.6% operating margin leave 13 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade B-$8.76-2.1% Next Q

Q2 (-2Q)

Grade C+$8.58-2% Next Q

Q3 (-1Q)

Grade C+$8.41+1.7% Next Q

Current

Grade C-$8.55+0.2% Hist 90D α

Trajectory: B- (67) → C- (59)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the HE Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 59/100 (C-) score, HE faces multiple-compression risk if 12.0x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.80% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($9.61) or 200D SMA ($13.14) invalidates the momentum regime and cuts Target Base ($8.59) toward Bear Floor ($6.70).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HE• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “HE Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 59%NO 41%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±6.4%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (HE)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for HE.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher + Options & Swing Structure Desk

Whale Flow & Momentum Playbook: Evaluating HE & AI Leaders Without Chasing Tops

✓Institutional whale strikes & implied earnings move audit on HE
✓How disciplined traders manage risk using pre-published trigger & invalidation levels
✓Includes nightly RQD rating-change & forensic signal email alerts on tracked leaders

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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HE // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -43.26%▼ DESCENDING CHANNEL

2026-10-30O $8.60H $8.71L $8.47C $8.55VOL 2.89M

RES: $11.76SUP: $7.58SMA50: $9.61SMA200: $13.14

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HE Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HE Butterfly Map → + Track HE →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

2.5%/yr Implied 5Y Growth

vs. -4.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on HE today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HE. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for HE today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HE)

Utilities Rank #39 of 117 ⚔️ CEPU vs HE Full Matrix →

1. Head-to-Head Utilities Peer Comparison (HE vs. CEPU, RNW, FRVO, EDN)

Industry: Electric Utilities: Central (56 Tracked Issuers)

Across 117 tracked Utilities securities in the Roarable RQD universe, Hawaiian Electric Industries Inc. (HE) ranks #39 by composite RQD confidence (59/100, grade C-) and #77 by equity capitalization ($1.48B). Within this direct 5-issuer industry benchmark cohort, HE leads on earnings valuation at 12.0x trailing P/E, while FRVO leads on capital efficiency and profitability with 38.5% ROIC and — gross margin. FRVO currently holds the highest overall quantitative score in the immediate peer group at 60/100 (C-) compared with HE at 59/100 (C-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
HE ACTIVE Hawaiian Electric Industries Inc.	C-	59/100	12.0x	—	16.8%	+1.91%	$1.48B	Benchmark Subject
CEPU Central Puerto S.A. (each represents ten )	D	50/100	—	—	—	-1.95%	$1.68B	/cepu-vs-he →
RNW ReNew Energy Global plc (Class A)	D+	52/100	—	—	—	0.00%	$2.50B	/rnw-vs-he →
FRVO Fervo Energy Company	C-	60/100	32.8x	—	38.5%	+7.92%	$2.65B	/frvo-vs-he →
EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)	D+	57/100	—	—	—	-2.17%	$753.7M	/edn-vs-he →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000354707

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Hawaiian Electric Industries Inc. (HE) reported GAAP revenue of $3.09B (-4.1% vs. FY2024 revenue of $3.22B , and -6.1% cumulative change since FY2023) , GAAP net income of $123.1M, operating cash flow of $391.1M, and free cash flow of $49.9M (-65.2% YoY). On the balance sheet, HE closed FY2025 with $8.92B in total assets against $0 in total debt (Altman Z-Score: 0.51, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$3.09B	$123.1M	$391.1M	$49.9M	$8.92B	—
FY2024 (FY)	2024-12-31	$3.22B	-$1.43B	$487.5M	$143.2M	$8.93B	—
FY2023 (FY)	2023-12-31	$3.29B	$199.2M	$551.5M	$551.5M	—	—

3. HE Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Hawaiian Electric Industries Inc. (NYSE: HE) is rated C- (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 59/100 at a spot price of $8.55 (+1.91% 1D, market cap $1.48B). Pillar breakdown: Fundamental Cash Engine 7/20, Institutional 13F & Options Flow 13/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 15/20, and SEC Balance-Sheet Forensics 14/20. Across 117 tracked Utilities issuers, HE ranks #39 in composite RQD confidence.

How does HE compare to CEPU and RNW in the Utilities sector?

Within the Utilities sector (Electric Utilities: Central), HE carries a Roarable C- (59/100 RQD), trailing P/E of 12.0x, gross margin of —, and ROIC of 16.8%. By comparison, CEPU (Central Puerto S.A. (each represents ten )) holds a D grade (50/100 RQD, P/E N/A, ROIC —, cap $1.68B) and RNW (ReNew Energy Global plc (Class A)) posts a D+ grade (52/100 RQD, P/E N/A, ROIC —, cap $2.50B). Among the 5-stock peer group, HE leads on earnings multiple (12.0x) while FRVO leads on capital efficiency (38.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for HE?

Per HE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000354707), Hawaiian Electric Industries Inc. generated $3.09B in revenue (-4.1% YoY), $123.1M in net income, and $49.9M in free cash flow against $8.92B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is HE trading relative to its 50-day, 200-day, and 52-week technical levels?

HE last traded at $8.55 (+1.91% on volume of 4,623,733 shares), positioning the stock -11.03% below its 50-day simple moving average ($9.61) and -34.93% below its 200-day simple moving average ($13.14). Across its 52-week range of $8.15 to $17.38, HE sits at the 4.3% percentile with a 14-day RSI of 44.5 (NEUTRAL RANGE) and an implied next-earnings move of ±6.4% ($8.00 to $9.10).

HE Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is HE's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for HE.

Direct Sub-Reports: HE RQD Cockpit HE 12M Forecast HE Earnings & Move HE Dividends & DRIP HE Insiders & 13F HE Whale Options HE Profit Sankey HE News & Why