Hawaiian Electric Industries, Inc. (HE) ranks fourth in a list of 10 Cheap Utility Stocks to Buy According to Hedge Funds. The company is committed to renewable energy, grid modernization, and wildfire safety in Hawaii.

The Hoohana Solar project, operational since July 2025, is a significant step in expanding grid-scale renewable capacity. HE is investing $120 million in wildfire risk reduction, including new technology and infrastructure upgrades.

HE recently rolled out an AI-driven wildfire defense system to enhance safety measures. Financially, the company is selling its stake in American Savings Bank to strengthen its balance sheet and fund utility-focused initiatives. Institutional investors like Allianz Asset Management and Bank of New York Mellon have increased stakes in HE.

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Read more at Yahoo Finance: Hawaiian Electric Industries, Inc. (HE) Rolls Out AI-Driven Wildfire Defense System