HE vs GEV

For growth investors, GE Vernova Inc.

(GEV) is the stronger pick with 8. 9% revenue growth year-over-year, versus -2. 1% for Hawaiian Electric Industries, Inc. (HE). GE Vernova Inc. (GEV) offers the better valuation at 59. 1x trailing P/E (37. 6x forward), making it the more compelling value choice. Analysts rate GE Vernova Inc. (GEV) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Hawaiian Electric Industries, Inc.

is actually cheaper at 14. 4x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, GE Vernova Inc.

(GEV) delivered a total return of +698. 3%, compared to -58. 2% for Hawaiian Electric Industries, Inc. (HE). Over 10 years, the gap is even starker: GEV returned +698. 3% versus HE's -25. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Hawaiian Electric Industries, Inc.

(HE) is the lower-risk stock at 0. 56β versus GE Vernova Inc. 's 1. 76β — meaning GEV is approximately 212% more volatile than HE relative to the S&P 500.

By revenue growth (latest reported year), GE Vernova Inc.

(GEV) is pulling ahead at 8. 9% versus -2. 1% for Hawaiian Electric Industries, Inc. (HE). On earnings-per-share growth, the picture is similar: GE Vernova Inc. grew EPS 217. 0% year-over-year, compared to -720. 4% for Hawaiian Electric Industries, Inc.. Over a 3-year CAGR, GEV leads at 8. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

GE Vernova Inc.

(GEV) is the more profitable company, earning 12. 8% net margin versus -44. 2% for Hawaiian Electric Industries, Inc. — meaning it keeps 12. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GEV leads at 3. 6% versus -53. 0% for HE. At the gross margin level — before operating expenses — GEV leads at 19. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Hawaiian Electric Industries, Inc.

(HE) trades at 14. 4x forward P/E versus 37. 6x for GE Vernova Inc. — 23. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GEV: 7. 1% to $1119. 95.

In this comparison, HE (1.

3% yield) pays a dividend. GEV does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Hawaiian Electric Industries, Inc.

(HE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 56), 1. 3% yield). GE Vernova Inc. (GEV) carries a higher beta of 1. 76 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HE: -25. 0%, GEV: +698. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

HE pays a dividend while GEV does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.