Hawaiian Electric Industries, Inc.

HE trades at a P/E of 20.27—premium for a utility stock—yet its RSI of 30.8 signals oversold conditions that could attract mean-reversion trades. With 13.99% of float shorted, there's meaningful bearish positioning, though not extreme squeeze risk. The stock sits below its 52-week high despite the depressed momentum reading, suggesting either fundamental concerns or sector-wide headwinds are keeping it pinned. For a $2.6B utility, the elevated valuation paired with oversold technicals creates an asymmetric setup: either the market is pricing in stronger-than-typical earnings growth ahead, or HE faces compression risk if growth disappoints.