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HE Starts to Rebound After $2 Billion Maui Wildfire Lawsuit

Written By: ChartChamp

November 6, 2024

HE has suffered a steep decline after last year’s Maui wildfires that resulted in lawsuits. HE has reached a $2 billion settlement, and the price could start to recover. HE is trading near a key support level near the lows. If HE can successfully recover there could be a 400-450% rally in the long term. I would look for entries around $9.50, put a stop loss around $9.30, and my long-term targets are $44 and $55. This trade would take several quarters or a few years to play out.

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