New York, Jan 11, 2026, 20:15 EST — Market closed
- Hawaiian Electric Industries closed Friday’s session up 8.1%, finishing at $14.77. (Yahoo Finance)
- U.S. utilities rose 1.24% on Friday, reacting to a weaker-than-expected jobs report and declines in long-term Treasury yields. (Reuters)
- The Hawaii Supreme Court has scheduled oral arguments for a case involving Hawaiian Electric and insurers on Jan. 27. (Hawaii State Courts)
Shares of Hawaiian Electric Industries Inc jumped 8.1% on Friday, outperforming the wider utilities sector. Investors will keep an eye on the stock when U.S. markets resume trading Monday. (Yahoo Finance)
This matters now as the stock hangs between shifting interest-rate forecasts and looming legal risks tied to the 2023 Maui wildfires. A big move heading into the weekend could trigger choppy trading Monday, particularly for smaller utilities caught up in headline news. (Reuters)
Utilities are frequently seen as “bond proxies,” attracting investors seeking stable cash flows, and they tend to gain when Treasury yields drop. Hawaiian Electric, in particular, has shown heightened sensitivity to funding changes, grappling with litigation and recovery costs related to wildfire risk. (Reuters)
The stock closed Friday at $14.77, swinging between $13.64 and $15.05 during the session, with roughly 5.3 million shares traded, according to data. (Investing)
Friday’s broader market found support after a Labor Department report showed nonfarm payrolls increased by 50,000 in December, missing economists’ 60,000 estimate, according to Reuters. The unemployment rate slipped to 4.4%. Following the data release, longer-dated Treasury yields dropped. Economists cited in the Reuters article now expect the Federal Reserve to keep rates unchanged at its January 27-28 meeting. (Reuters)
“All roads lead to the unemployment rate,” said Olu Sonola, Fitch Ratings’ head of U.S. economic research, in the Reuters report. He added it “should douse the Fed’s recent urgency” to react to a softer labor market. (Reuters)
Company-specific risks remain in play. On Jan. 5, Hawaiian Electric Industries struck a $47.75 million settlement with shareholders who claimed it misled investors about wildfire prevention and safety measures ahead of the 2023 fires, according to court documents. The company denied any wrongdoing, Reuters reported. (Reuters)
That shareholder settlement comes amid far larger legal battles. Reuters reported the company agreed in August 2024 to chip in $1.99 billion toward a roughly $4 billion deal to compensate fire victims, though final court approval is still pending. (Reuters)
Traders will watch Hawaii court dates closely. The Hawaii Supreme Court has oral arguments set for Jan. 27 in Nova Burnes, et al. v. Hawaiian Electric Company, Inc. Insurers are listed as intervenors in the case. (Hawaii State Courts)
Wall Street sentiment remains cautious. According to MarketWatch, analysts currently have a “Hold” rating on average, with a target price near $11—below Friday’s closing level. (MarketWatch)
The downside remains clear: legal delays might drag on, court rulings could catch investors off guard, and if settlement financing tightens or becomes more dilutive, the stock could tumble quickly. A rise in Treasury yields could also erase the broader utility rally just as fast. (Reuters)
Investors now turn to Monday to see if Friday’s rally sticks, as the Fed prepares for its Jan. 27-28 meeting and the Hawaii Supreme Court sets its argument date for Jan. 27. (Reuters)
