Was Jim Cramer Right to Tell Investors to Avoid Hawaiian Electric (HE) Completely?

We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where Hawaiian Electric Industries, Inc. (NYSE:HE) stands against other stocks that Jim Cramer discusses.

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.”

Was Jim Cramer Right to Tell Investors to Avoid Hawaiian Electric (HE) Completely?

An engineer standing in front of a detailed control panel with the logo of the electric utility in the background, highlighting the innovation and technical expertise of the company.

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.

Overall, HE ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of HE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.