Comment on Hawaiian Electric utility company sees its stock price plunge 49% after devastating Maui fires

Hawaiian Electric utility company sees its stock price plunge 49% after devastating Maui fires

Two Maui residents look through the ashes of their family home after the wildfires this week.PATRICK T. FALLON/Getty ImagesHawaiian Electric stock has plunged as much as 49% since the start of the devastating Maui fires.The fires broke out last week and killed at least 96 people in what has turned into the deadliest US wildfire in over a century.While no cause to the fire has yet been determined, suspicions are growing that Hawaiian Electric equipment may have played a role.Shares of Hawaiian Electric plunged as much as 41% on Monday and are down 49% since the devastating Maui fires broke out last week.The Honolulu-based utility company engages in the production, transmission, and distribution of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai and serves 95% of the state's residents.The fast-spreading wildfire killed at least 96 people and destroyed or damaged thousands of buildings, making it the deadliest US wildfire in over a century.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News