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Buy This Hawaiian Utility Stock For 50% Gains?

Jan 22, 2021 - Nasdaq

There could be a sizeable upside to Hawaiian Electric Industries (NYSE: HE) stock post the Covid-19 pandemic. Hawaiian Electric provides electricity to about 95% of the population of the state of Hawaii and also runs a banking subsidiary, American Savings Bank. The stock trades at about $34 currently and has declined by about 28% over the last 12 months, as the coronavirus pandemic reduced demand for electricity in Hawaii – which is largely dependent on the inflow of tourists. The stock traded...