Evercore ISI speaks with Hawaiian Electric management after wildfires

Evercore ISI maintained an In Line rating and $11 price target following a meeting with the company CEO Scott Seu, CFO Paul Ito, and director of IR Mateo Garcia. The firm noted that the company files with Hawaii Public Utilities Commission for deferred treatment of all costs associated with the wildfire event, adding that access to capital markets is “very limited” and Hawaiian Electric is considering financing alternatives such as secured debt, asset sales, staffing levels, with “all options” on the table.