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Hawaiian Electric Industries Inc.

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Hawaiian Electric is the largest provider of electricity in the state of Hawaii, as a result of which it outperformed the broader industry in past twelve months. It continues to make systematic investments in utility infrastructure development projects, primarily adding new generation facilities, replacing aging infrastructure and restoring transmission and distribution assets. Hawaiian Electric maintains a stable liquidity position and exhibits a strong cash generating capacity. Stable financials enable the company to execute various investor-friendly moves.  However, Hawaiian Electric depends heavily on third-party suppliers for fuel and purchased power. Fluctuations in the oil price in the global market also may hamper stocks like Hawaiian Electric.

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