Hawaiian Electric Industries, Inc. (NYSE:HE) recently became the focal point of a gripping narrative, captivating the attention of retail traders.
Over the past month, this utility company has found itself navigating a tumultuous sea of controversy, legal battles and extreme market turbulence.
In the Russell 1000 Index, Hawaiian Electric has stood out as one of the most challenging performers in the past month, experiencing a precipitous decline that has erased two-thirds of its market value. It trails behind only AMC International Entertainment Holdings (NYSE:AMC), which endured an astounding 89% drop during the same period.
The genesis of this dramatic downturn is traced back to a catastrophic wildfire outbreak in West Maui, Hawaii, an event that not only led to the obliteration of Lahaina but also claimed the lives …
