Hawaiian Electric stock hit a 40-year low in the wake of a local news report that a probe of the devastating Maui fires does not find fault with first responders.
Shares fell as much as 18% to $8.74, the lowest since October 1984.
The utility has come under scrutiny for its possible role in last year’s wildfire, which killed 101 people, caused more than $5.5 billion in damages and wiped out the historic town of Lahaina.
The report, following an investigation by State Attorney Anne Lopez and slated for release Wednesday, may help mitigate liability