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.

Closing Price
$19.50
Day's Change
0.00 (0.00%)
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GE's stock surges into bull-market territory, for 2nd time in about 2 months

1:52 pm ET January 2, 2019 (MarketWatch)
Print

Shares of General Electric Co. (GE) soared 6.9% toward a 7-week high in afternoon trade Wednesday, as the bounce off last month's 9 1/2-year low has propelled them into bull-market territory. Since closing Dec. 12 at $6.71, the lowest level since it bottomed at $6.66 on March 5, 2009, the stock has now run up 20.6%. Many on Wall Street define a bull market as a rise of 20% or more off a bear market low. GE shares would have to close above $8.05 to make the new bull market official. GE's last bull market began on Oct. 8, 2018, when it closed ($13.61) 20.8% above its Sept. 25, 2018 closing low of $11.27. That bull market ended on Oct. 30, when it closed 25% below its Oct. 8 peak. Since long-time GE bear analyst Stephen Tusa at J.P. Morgan upgraded the stock Dec. 13, the stock has rallied 12.4% while the Dow Jones Industrial Average has lost 1,223 points, or 5.0%, over the same time.

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

(END) Dow Jones Newswires

January 02, 2019 13:52 ET (18:52 GMT)

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