Hawaiian Electric Company Inc
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Company profile

Hawaiian Electric Company, Inc. (Hawaiian Electric), together with its subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric), operates as a regulated electric public utility. The Company is engaged in the production, purchase, transmission, distribution and sale of electricity on the islands of Oahu; Hawaii, and Maui, Lanai and Molokai. Hawaiian Electric also owns all the common securities of HECO Capital Trust III (a Delaware statutory trust), Renewable Hawaii, Inc. and Uluwehiokama Biofuels Corp. (UBC). The Company's service areas also include numerous suburban communities, resorts, the United States Armed Forces installations and agricultural operations. Hawaiian Electric serves the island of Oahu and Hawaii Electric Light serves the island of Hawaii. Maui Electric has three separate electrical systems, which include one each on the islands of Maui, Molokai and Lanai.

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GE's stock surges into correction territory of long-term downtrend

11:32 am ET December 18, 2018 (MarketWatch)

Shares of General Electric Co. (GE) shot up 5.2% in morning trade Tuesday, enough to pace advancers among its industrial peers and the S&P 500 , as they enter official correction territory following last week's 9 1/2-year closing low. The stock has now run up 12% since it closed last Wednesday at $6.71, the lowest levels since March 2009; many chart watchers define a correction of a downtrend as rise of 10% to up to 20% off a recent significant low. The stock started its bounce last week after J.P. Morgan analyst Stephen Tusa upgraded GE to neutral (http://www.marketwatch.com/story/ge-shares-surge-9-premarket-on-news-of-new-iot-business-jpmorgan-upgrade-2018-12-13), after being bearish on the stock for years, saying the risk-versus-reward profile was now balanced, and after the industrial conglomerate said it was launching a $1.2 billion industrial internet-of-things software company. The stock was the biggest gainer among components of both the SPDR Industrial Select Sector ETF (XLI) and the S&P 500. The stock was still down 40.6% over the past three months, while the industrial ETF has lost 19.6% and the S&P 500 has declined 12.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 18, 2018 11:32 ET (16:32 GMT)

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