Reports of a Wildfire Settlement Deal Have Hawaiian Electric Stock Flying

Key TakeawaysHawaiian Electric has tentatively agreed to settle hundreds of lawsuits related to its alleged negligence over the Maui wildfires, according to a Bloomberg report. Its stock jumped on the news. The company would be on the hook for at least $1.5 billion if the deal becomes official, the report said.The wildfires did more than $5.5 billion worth of damages and killed 100 last year. Hawaiian Electric Industries (HE) and others have reached a tentative deal to pay more than $4 billion to settle law ...