The analyst advises investors to be extremely cautious with Hawaiian Electric, despite its recent jump and potential for a 100% return. He highlights the significant risk of bankruptcy due to potential liabilities from the Maui wildfires, drawing parallels to PG&E's bankruptcy after California wildfires. He stresses the need for deep analysis into legal and financial risks before considering an investment.
“you better know how much Hawaiian Electric can put out how much an eventual settlement might cost so that's going to take some deep analysis into not only the legal risk and litigation in the case also financial statement analysis of Hawaiian Electric in and how much can it afford before it just goes ahead and files bankruptcy basically wiping out investors”