Seasonality
HE seasonality — Hawaiian Electric Industries, Inc.
Over the last 11 years, HE's strongest month on average has been July (+10.0%) and its weakest August (-10.2%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +0.82% | +1.12% | 60% | +24.6% | -8.6% | 10 |
| Feb | -0.08% | -1.98% | 40% | +19.8% | -12.4% | 10 |
| Mar | +2.50% | +0.29% | 60% | +27.1% | -7.5% | 10 |
| Apr | -2.40% | -1.10% | 50% | +2.1% | -12.6% | 10 |
| May | -0.39% | -0.02% | 40% | +11.6% | -11.8% | 10 |
| Jun | -2.91% | -1.13% | 30% | +4.8% | -17.9% | 10 |
| Jul | +9.98% | +2.52% | 90% | +83.6% | -4.5% | 10 |
| Aug | -10.17% | -2.72% | 40% | +20.9% | -63.5% | 10 |
| Sep | -7.53% | -8.07% | 20% | +2.7% | -20.3% | 10 |
| Oct | +3.57% | +5.03% | 60% | +9.8% | -2.7% | 10 |
| Nov | +1.23% | +1.20% | 67% | +8.4% | -6.3% | 9 |
| Dec | +2.90% | +3.23% | 60% | +16.4% | -6.3% | 10 |
Monthly returns heat map — HE
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.6 | 1.1 | -4.2 | 1.6 | -11.8 | 1.7 | -4.5 | -13.2 | -20.3 | -2.7 | -3.2 | -31.5% | |
| 2025 | -6.1 | 19.8 | 0.0 | -4.1 | 1.7 | -0.5 | 0.8 | 20.9 | -14.8 | 5.2 | 1.2 | 4.6 | +26.4% |
| 2024 | -8.6 | -6.1 | -7.5 | -12.6 | 11.6 | -17.9 | 83.6 | -35.2 | -9.8 | 6.1 | 1.2 | -6.3 | -31.4% |
| 2023 | 1.0 | -4.3 | -5.1 | 2.1 | -8.4 | 0.8 | 6.0 | -63.5 | -12.2 | 5.4 | -6.1 | 16.4 | -66.1% |
| 2022 | 2.4 | -3.6 | 3.2 | -2.8 | 5.0 | -5.3 | 3.4 | -7.5 | -11.4 | 9.8 | 8.0 | 1.9 | +0.8% |
| 2021 | -6.6 | 5.8 | 27.1 | -3.1 | -0.0 | -1.8 | 2.5 | 0.6 | -6.3 | -0.7 | -6.3 | 9.2 | +17.3% |
| 2020 | 4.4 | -12.4 | 0.5 | -8.3 | -0.0 | -8.6 | 0.6 | -4.5 | -4.0 | -0.6 | 8.4 | -1.2 | -24.5% |
| 2019 | 1.6 | 2.9 | 6.5 | 1.7 | 0.1 | 4.8 | 2.9 | -0.9 | 2.7 | -1.0 | -3.3 | 7.3 | +28.0% |
| 2018 | -5.6 | -3.4 | 4.3 | 0.9 | -1.0 | -0.1 | 2.5 | 0.3 | 0.9 | 4.8 | 2.7 | -4.4 | +1.3% |
| 2017 | 1.2 | -0.6 | 0.1 | 0.6 | -1.1 | -2.3 | 1.9 | 1.3 | -0.1 | 9.3 | 5.2 | -5.7 | +9.3% |
| 2016 | 7.4 |