NEW YORK (TheStreet) -- Hawaiian Electric (HE) shares are down -1.8% to $25.05 on Thursday after being downgraded to "cautious" from "neutral" by analysts at ISI Group.
The downgrade is a valuation call by the firm on the company's shares which peaked at $25.52 by market close Wednesday.
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates HAWAIIAN ELECTRIC INDS as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HAWAIIAN ELECTRIC INDS (HE) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."