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HAWAIIAN ELECTRIC INDUSTRIES, INC.

(HE)
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Hawaiian Electric Industries : contributes $160,000 to strengthen community resilience and foster a sustainable Hawaii

10/14/2021 | 10:02pm EST
Hawaiian Electric contributes $160,000 to strengthen community resilience and foster a sustainable Hawaii

Release Date: 10/14/2021

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HONOLULU, Oct. 14, 2021 - To mark its 130-year anniversary, Hawaiian Electric has contributed a total of $160,000 in grants to a dozen local organizations that are working to build a strong, sustainable and resilient Hawaii. Their projects are aligned with Hawaiian Electric's own efforts to increase renewable energy, ensure equitable access, advance STEM initiatives and careers, deepen educational and environmental stewardship programs, strengthen community resilience and provide lifeline resources for the underserved. The nonprofits are:

  • Armed Services YMCA of Honolulu will be able to continue its early childhood programs that address the academic and social-emotional needs of Hawaii's military families as the state recovers from the effects of the pandemic.
  • Big Island Substance Abuse Council will offer rural wellness hubs that will serve as satellite locations where individuals from areas such as Kau, Hamakua and Kohala can drop in and receive case management and telehealth services to address substance use and mental health concerns.
  • Bishop Museum is planning to create a place-based keiki garden to introduce young children to solutions that will contribute to a more sustainable future while further expanding the cultural and natural science museum's research and collections.
  • Friends of Honolulu City Lights will continue the annual holiday celebration - just without a parade - to lift the spirits of the community during these challenging times.
  • Hawaii FIRST Robotics will hold the annual FIRST Lego League State Championship, Hawaii Island District Tournament and Maui District Tournament, key events that inspire students ages 6-18 in the areas of science, technology, engineering and math.
  • Hawaii Land Trust will continue statewide efforts to protect and steward land as well as connect and educate communities through outreach programs.
  • Hawaii Literacy will pilot a digital literacy initiative to equip low-literacy and low-income adults in public housing with foundational computer skills training, internet access and the digital tools and resources that can open new opportunities.
  • Honolulu Biennial Foundation, a nonprofit arts organization, will launch a contemporary arts exhibition at Iolani Palace in 2022 that draws upon the legacy of Queen Liliuokalani.
  • Kupu, the youth-oriented, environmental stewardship nonprofit, will use the funds for a program which aims to advance clean energy public outreach, education and services within rural, vulnerable, low-to-moderate income and ALICE® (Asset Limited, Income Constrained, Employed) communities statewide.
  • Malama Kahalawai, Inc. will establish a vegetative firebreak along the Olowalu stream corridor in West Maui to protect the watershed and community resources from wildlfires.
  • Teach for America Hawaii is focused on developing local leaders, increasing support for teachers interested in pursuing school leadership roles and cultivating alumni to engage in systems change through policy, advocacy or within entrepreneurial spaces.
  • West Hawaii Mediation Center will fund its community mediation program that provides mediation and conflict resolution outreach to economically disadvanted residents in West Hawaii, thereby improving their access to legal justice.

Hawaiian Electric serves 95 percent of Hawaii's 1.4 million residents on the islands of Oahu, Maui, Hawaii, Lanai and Molokai. Established on Oct. 13, 1891, Hawaiian Electric is committed to empowering its customers and communities by providing affordable, reliable, clean and sustainable energy.

Disclaimer

HEI - Hawaiian Electric Industries Inc. published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 02:01:10 UTC.


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Financials (USD)
Sales 2021 2 809 M - -
Net income 2021 235 M - -
Net Debt 2021 - - -
P/E ratio 2021 18,8x
Yield 2021 3,38%
Capitalization 4 397 M 4 397 M -
Capi. / Sales 2021 1,57x
EV / Sales 2022 1,50x
Nbr of Employees 3 702
Free-Float 99,1%
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Mean consensus UNDERPERFORM
Number of Analysts 5
Last Close Price 40,22 $
Average target price 38,90 $
Spread / Average Target -3,28%
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Managers and Directors
Constance H. Lau President, Chief Executive Officer & Director
Gregory C. Hazelton Chief Financial Officer & Executive Vice President
Thomas B. Fargo Chairman
Kurt K. Murao Secretary, Chief Administrative Officer & EVP
Peggy Y. Fowler Lead Independent Director
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