Jim Cramer Nailed These 11 Stock Predictions

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4. Hawaiian Electric Industries, Inc. (NYSE:HE)

Number of Hedge Fund Investors: 29

In that older segment, a caller from Texas asked whether to hold or sell Hawaiian Electric Industries, Inc. (NYSE:HE), a troubled utility company. Cramer was blunt and strongly recommended exiting:

“No, you don’t want to be in Hawaiian Electric. Come on… I want you to be in Exelon, I want you to be in PG&E… I don’t care what utility you’re in, other than that one.”

Although the stock surged a few days later, it is now flat for the past year, with an overall increase of 2.61%.

Hawaiian Electric Industries, Inc. (NYSE:HE) is a utility holding company that provides electricity to 95% of Hawaii’s residents and also owns a local financial services subsidiary.

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