
Sep 22, 2026
Hawaiian Electric sells stake in American Savings Bank in $29.5M deal (HE:NYSE)
Hawaiian Electric Industries (HE) sold 30% of its 9.9% stake in American Savings Bank (ASB) for $29.5 million as part of ASB's initial public offering. This move is intended to strengthen Hawaiian Electric's financial position. Following the announcement, Hawaiian Electric's stock slipped 0.8% in Monday's trading.
Company relevance
100.00%
Company sentiment
Neutral
Overall sentiment
Neutral