HE
Hawaiian Electric Industries, Inc.
HE's fundamentals are mixed, but it looks cheap: trading at 6.5x earnings, about a third of its usual 18x.
OKLO
Oklo Inc.
There isn't enough reported data to score OKLO yet.
HE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Weak | |
| Under pressure |
HE's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.
OKLO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Unavailable |
OKLO's profitability is currently weak. There isn't enough data to rate its revenue, cash flow and balance sheet.
HE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 6.5x | $8.62 | — |
| Cheap | 7.3x | $9.59 | +11% |
| Fair | 18x | $24.20 | +181% |
| Expensive | 21x | $27.78 | +222% |
Historical ranges are pointers, not guarantees.
HE's PE is in its cheap range at 6.5x.
OKLO PE Valuation
OKLO has no meaningful PE right now: it lost money over the past year.
HE Forward outlook
There aren't enough analyst estimates for HE to show an outlook.
OKLO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect OKLO's losses to grow, with revenue growing. However, they disagree widely on these estimates.
HE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.32 | +1550% |
| Q2 2026 | $1.30 | +$2.31 |
| Q1 2026 | $0.74 | +$13.64 |
| Q4 2025 | $0.71 | +$13.38 |
| Q3 2025 | $0.08 | +$11.91 |
| Q2 2025 | -$1.01 | +$9.54 |
| Q1 2025 | -$12.90 | -863% |
| Q4 2024 | -$12.67 | -800% |
HE has the edge over OKLO in the latest year-over-year earnings comparison.
OKLO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.96 | -$0.43 |
| Q2 2026 | -$0.94 | -$0.53 |
| Q1 2026 | -$0.84 | -$0.32 |
OKLO lost $0.96 per share over the past year, a bigger loss than the year before.
HE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +28% |
| Q2 2026 | $939.7M | +26% |
| Q1 2026 | $746.4M | +0.3% |
| Q4 2025 | $805.8M | +0.8% |
| Q3 2025 | $790.6M | -16% |
| Q2 2025 | $746.4M | -17% |
| Q1 2025 | $744.1M | -17% |
| Q4 2024 | $799.2M | -16% |
HE's revenue has grown year over year for four quarters in a row: $1B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.1% | -2.5 points |
| Q2 2026 | 22% | +15 points |
| Q1 2026 | 7.2% | -1.2 points |
| Q4 2025 | 8.3% | +1.6 points |
| Q3 2025 | 6.6% | +20 points |
| Q2 2025 | 7.2% | +199 points |
| Q1 2025 | 8.4% | -0.1 points |
| Q4 2024 | 6.7% | -2.8 points |
HE has the edge over OKLO on profitability, with a higher operating margin.
OKLO Quarterly Revenue
OKLO and HE do not have enough comparable growth data to identify a winner.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3816% | N/A |
| Q2 2026 | -6049% | N/A |
HE has the edge over OKLO on profitability, with a higher operating margin.
HE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$38M | -704% |
| Q2 2026 | -$550M | -1020% |
| Q1 2026 | -$42.5M | -$5.6M |
| Q4 2025 | $20.7M | -59% |
| Q3 2025 | $6.3M | -92% |
| Q2 2025 | $59.8M | +$71.3M |
| Q1 2025 | -$36.9M | -247% |
| Q4 2024 | $51M | +$80.6M |
HE's free cash flow was −$610M over the past year, against $80M the year before.
OKLO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$199.5M | -$176.4M |
| Q2 2026 | -$141.7M | -$122.3M |
| Q1 2026 | -$50.7M | -$38.1M |
| Q4 2025 | -$60.4M | -$46.8M |
| Q3 2025 | -$23.1M | -$15.1M |
OKLO has burned cash in almost every quarter: −$452M over the past year, against −$69M the year before.
HE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +286K shares |
| 1 year | +0.3% | +592K shares |
| 3 years | +58% | +63.6M shares |
| 5 years | +58% | +63.9M shares |
| Available history | +59% | +64.1M shares |
HE has the edge over OKLO on shareholder dilution, with a more favorable share count trend.
OKLO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7% | +12.4M shares |
| 1 year | +25% | +38.2M shares |
OKLO has 189M diluted shares, up 25% from a year ago.
HE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.0x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 5.7x | High |
| Q1 2024 | 3.9x | Elevated |
| Q4 2023 | 3.5x | Elevated |
HE's net debt is about 3.1 years of its operating earnings (EBITDA), down from 3.5 years a year ago.
OKLO Net Leverage
OKLO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
HE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.9 | Oversold |
| Stochastic | 9.2 | Oversold |
HE's weekly RSI is 25 (oversold) and its Stochastic is 9 (oversold).
OKLO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.2 | Neutral |
| Stochastic | 13.1 | Oversold |
OKLO's weekly RSI is 30 (neutral) and its Stochastic is 13 (oversold).
HE PE vs Utilities Sector
| Metric | HE | Sector median | Relative |
|---|---|---|---|
| PE | 6.5x | 20x | 68% below |
| PE % | 10 | 44 | 34 pts below |
HE is trading at 6.5x earnings, a 68% discount to the Utilities sector's median of 20x.
OKLO PE vs Utilities Sector
OKLO has no meaningful PE right now: it lost money over the past year.
HE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.69 | 0.8% below |
| 20 week MA | $10.7 | 20% below |
| 50 week MA | $12.9 | 33% below |
| 100 week MA | $11.8 | 27% below |
| 200 week MA | $15.8 | 46% below |
HE is in a downtrend: it's below all five of its weekly moving averages, and 46% below its 200-week average.
OKLO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.5 | 17% below |
| 20 week MA | $37.4 | 35% below |
| 50 week MA | $56.6 | 57% below |
| 100 week MA | $59.4 | 59% below |
| 200 week MA | $35.2 | 31% below |
OKLO is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
HE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.7 | $34.6 | -26% |
| 2021 | $34.6 | $40.3 | +17% |
| 2022 | $40.3 | $41.7 | +3.4% |
| 2023 | $41.7 | $14.2 | -66% |
| 2024 | $14.2 | $9.94 | -30% |
| 2025 | $9.94 | $12.1 | +22% |
| 2026 YTD | $12.1 | $8.62 | -29% |
HE has the edge over OKLO on returns for 2026, with the stronger performance.
OKLO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.1 | $9.79 | -2.6% |
| 2022 | $9.79 | $9.88 | +0.9% |
| 2023 | $9.88 | $10.6 | +6.9% |
| 2024 | $10.6 | $22.8 | +116% |
| 2025 | $22.8 | $76.9 | +238% |
| 2026 YTD | $76.9 | $24.5 | -68% |
OKLO is down 68% so far in 2026, after finishing higher in four of the previous five years.