Shares of Hawaiian Electric $HE surged 50% in after-hours trading

$Hawaiian(HE)$ saw its stock price soar in after-hours trading, rising more than 50%. This pushed its stock price to $19.14 in after-hours trading.

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Litigation Settlement

Buffett's Hawaiian Electric and other companies have preliminarily agreed to pay more than $4 billion to resolve hundreds of lawsuits related to last year's Maui wildfire. The settlement, which is still awaiting final approval, is expected to resolve lawsuits against Hawaiian Electric on behalf of thousands of homeowners and businesses.

Distribution of settlement amount:

Hawaiian Electric is expected to pay about $1.5 billion in settlement, but the shares of other companies are still being finalized. The total amount of $4 billion will be lower than the estimated $5.5 billion capital cost of the fire in the damage assessment released last year.

Other defendants:

Other defendants covered by the tentative settlement agreement include a division of cable TV provider Charter Communications (CHTR.US), as well as state and local governments in the United States.

Settlement payment time:

The proposed settlement may be paid within four years.

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[{"img":"https://community-static.tradeup.com/news/f967580c82a4086e363c32e821d518df","width":"1466","height":"1539"},{"img":"https://community-static.tradeup.com/news/6acc90d48a1403e3435a4a4c55dda38a","width":"1456","height":"1367"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/f967580c82a4086e363c32e821d518df","width":"1466","height":"1539"}],"title":"Shares of Hawaiian Electric $HE surged 50% in after-hours trading ","html":"<html><head></head><body><p> <a data-mention-id=\"HE\" class=\"teditor-mention\" data-mention-name=\"Hawaiian\" href=\"https://ttm.financial/S/HE\">$Hawaiian(HE)$</a> saw its stock price soar in after-hours trading, rising more than 50%. This pushed its stock price to $19.14 in after-hours trading.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f967580c82a4086e363c32e821d518df\" tg-width=\"1466\" tg-height=\"1539\"><span>Image</span></p><p><strong>Litigation Settlement</strong></p><p>Buffett's Hawaiian Electric and other companies have preliminarily agreed to pay more than $4 billion to resolve hundreds of lawsuits related to last year's Maui wildfire. The settlement, which is still awaiting final approval, is expected to resolve lawsuits against Hawaiian Electric on behalf of thousands of homeowners and businesses.</p><p><strong>Distribution of settlement amount:</strong></p><p>Hawaiian Electric is expected to pay about $1.5 billion in settlement, but the shares of other companies are still being finalized. The total amount of $4 billion will be lower than the estimated $5.5 billion capital cost of the fire in the damage assessment released last year.</p><p><strong>Other defendants:</strong></p><p>Other defendants covered by the tentative settlement agreement include a division of cable TV provider Charter Communications (CHTR.US), as well as state and local governments in the United States.</p><p><strong>Settlement payment time:</strong></p><p>The proposed settlement may be paid within four years.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/6acc90d48a1403e3435a4a4c55dda38a\" tg-width=\"1456\" tg-height=\"1367\"><span>Image</span></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"HE\" class=\"teditor-mention\" data-mention-name=\"Hawaiian\" href=\"https://ttm.financial/S/HE\">$Hawaiian(HE)$</a> saw its stock price soar in after-hours trading, rising more than 50%. This pushed its stock price to $19.14 in after-hours trading.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f967580c82a4086e363c32e821d518df\" tg-width=\"1466\" tg-height=\"1539\"><span>Image</span></p><p><strong>Litigation Settlement</strong></p><p>Buffett's Hawaiian Electric and other companies have preliminarily agreed to pay more than $4 billion to resolve hundreds of lawsuits related to last year's Maui wildfire. The settlement, which is still awaiting final approval, is expected to resolve lawsuits against Hawaiian Electric on behalf of thousands of homeowners and businesses.</p><p><strong>Distribution of settlement amount:</strong></p><p>Hawaiian Electric is expected to pay about $1.5 billion in settlement, but the shares of other companies are still being finalized. The total amount of $4 billion will be lower than the estimated $5.5 billion capital cost of the fire in the damage assessment released last year.</p><p><strong>Other defendants:</strong></p><p>Other defendants covered by the tentative settlement agreement include a division of cable TV provider Charter Communications (CHTR.US), as well as state and local governments in the United States.</p><p><strong>Settlement payment time:</strong></p><p>The proposed settlement may be paid within four years.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/6acc90d48a1403e3435a4a4c55dda38a\" tg-width=\"1456\" tg-height=\"1367\"><span>Image</span></p></body></html>","text":"$Hawaiian(HE)$ saw its stock price soar in after-hours trading, rising more than 50%. This pushed its stock price to $19.14 in after-hours trading. Image Litigation Settlement Buffett's Hawaiian Electric and other companies have preliminarily agreed to pay more than $4 billion to resolve hundreds of lawsuits related to last year's Maui wildfire. The settlement, which is still awaiting final approval, is expected to resolve lawsuits against Hawaiian Electric on behalf of thousands of homeowners and businesses. Distribution of settlement amount: Hawaiian Electric is expected to pay about $1.5 billion in settlement, but the shares of other companies are still being finalized. The total amount of $4 billion will be lower than the estimated $5.5 billion capital cost of the fire in the damage assessment released last year. Other defendants: Other defendants covered by the tentative settlement agreement include a division of cable TV provider Charter Communications (CHTR.US), as well as state and local governments in the United States. Settlement payment time: The proposed settlement may be paid within four years. 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