Hawaiian Electric Industries Inc.’s (HE) MACD indicator has moved into bearish territory with a reading of -0.2254. The Zacks #5 Rank (“Strong Sell") stock fell slightly to $16.92 in morning trade. The Zacks Consensus Estimate on the company’s full-year earnings has reduced by 39 cents over the past month to $1.00 per share."HE" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Las Vegas CRWENewswire.com is pleased to announce a stock highlight on Ballantyne Strong, Inc. (NYSE Amex: BTN), Hawaiian Electric Industries, Inc. (NYSE:HE), Ambac Financial Group, Inc. (NYSE: ABK) Sign up to receive FREE Stock-PR alerts from CRWENewswire.com at http://www.crwenewswire.com/?p=2546

Ballantyne Strong, Inc. (NYSE Amex: BTN), formally known as Ballantyne of Omaha, Inc., a provider of motion picture projection, digital cinema and cinema screen equipment and cinema services, today reported improved financial results for the second quarter (Q2) ended June 30, 2009. Q2 2009 net revenues rose 44% to $19.6 million from net revenues of $13.6 million in Q2 2008. Net income increased to $0.9 million, or $0.07 per diluted share, in Q2 2009 compared to a net loss of $0.1 million, or ($0.01) per diluted share, a year-ago. About Ballantyne Strong, Inc. Ballantyne is a provider of motion picture projection, digital cinema projection and specialty lighting equipment and services.

The board

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Hawaiian Electric Industries Inc.'s (HE) share price has moved into oversold territory with a stochastic value of 8.07. Analysts have been increasing their estimates on the Zacks #2 Rank (“Buy") company’s full-year earnings, with the consensus up a penny over the past week to $1.39 per share."HE" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

For Immediate Release

Chicago, IL - May 7, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: UBS AG (UBS), Hawaiian Electric Industries, Inc. (HE), Cabela's Inc. (CAB), Banco Santander Central Hispano SA (STD) and Marvel Entertainment (MVL).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

UBS Reports Pre-Announced Loss

As pre-announced, UBS AG (UBS) reported a net loss from continuing operations attributable to UBS shareholders of CHF1.98 billion, driven by trading losses of CHF630 million at the Investment Bank as it continues to shed

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

AmericanWest Bancorp (AWBC) Astronics Corp (ATRO) Banco Bradesco SA (BBD) Santander BanCorp (SBP) The Boston Beer Company, Inc (SAM) Cameron International Corp (CAM) Capital Bank Corp (CBKN) Century Casinos, Inc (CNTY) CNinsure Inc (CISG) Community Bancorp (CBON) Comtech Telecommunications Corp (CMTL) CONSOL Energy Inc (CNX) Core Laboratories NV (CLB) Duff & Phelps Corp (DUF) Eni SpA (E) Fairpoint Communications, Inc (FRP) First Merchants Corp (FRME) Flagstone Reinsurance Holdings Ltd (FSR) FNB United Corp (FNBN) GSE Systems, Inc (GVP) The Hain Celestial Group, Inc (HAIN) Hawaiian Electric Industries, Inc (HE) Huntsman Corp (HUN) I-Flow Corp (IFLO) IMAX Corp (IMAX) INX Inc (INXI) Jo-Ann Stores, Inc (JAS) LDK Solar Co ...

Hawaiian Electric Industries, Inc. (HE) reported $20.4 million, or $0.22 per diluted share ($0.23 basic), consolidated net income in the 1st quarter of 2009, compared to $34 million, or $0.41 per share (basic and diluted) in the year-ago quarter. Similarly, consolidated revenue of $543.8 million in the reported 1st quarter of 2009 was lower compared with revenue of $729.6 million in the 1st quarter of 2008.Electric utility net income for the 1st quarter of 2009 was $14.1 million compared with $24.6 million in 2008. Lower net income was primarily due to lower electric sales and higher operations and maintenance expenses. Kilowatt-hour sales were down 7.4% in the reported compared with the year-ago quarter, impacting utility net income by an estimated $9 million. Sales were down mainly due to cooler, less humid weather and one less day of sales due to the leap year day in 2008....

Hawaiian Electric Industries Inc. (HE) fell marginally at noon and was trading close to its 50-day moving average of $14.90. The company missed the average forecast in the latest fourth quarter by 60%, or 20 cents per share. This Zacks#5 Rank ("Strong Sell") stock still trades at a premium to the industry average.

Zacks Investment Research

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

American Oil & Gas Inc (AEZ) Baker Hughes Inc (BHI) The Bank of New York Mellon Corp (BK) Callwave Inc (CALL) Capital Trust Inc (CT) Chunghwa Telecom Co Ltd (CHT) Concho Resources Inc (CXO) Daimler AG (DAI) DreamWorks Animation SKG Inc (DWA) Eaton Corp (ETN) Ensco International Inc (ESV) Fairfax Financial Holdings Ltd (FFH) Hartford Financial Services (HIG) Hawaiian Electric Industries Inc (HE) JDA Software Group Inc (JDAS) Lennox International Inc (LII) Nordson Corp (NDSN) Northern Trust Corp (NTRS) Reliance Steel & Aluminum (RS) S&T Bancorp Inc (STBA) Teck Cominco Ltd (TCK) Teleflex Inc (TFX) Weingarten Realty Investors (WRI) View the entire Zacks #5 Rank List.

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Going forward, the Hawaiian Electric Industries, Inc. (HE) story looks promising with stable earnings from regulated electric operations, new plant installations, focus on renewable energy and growing banking operations which witnessed higher net interest margin and strong growth in core deposits.

However, a forecasted rise in O&M expenses in the latter-half of 2008, a volatile interest rate environment, a weakening Hawaiian economy and uncertainties prevailing over the sustainable strength of the Japanese economy collectively continue to weigh on the stock’s valuation.

Accordingly, with a mixed outlook, we maintain a market-neutral Hold recommendation on HE common stock with a six-month target price of $25.75. Price appreciation to our near-term valuation target, coupled with the $0.31 per share quarterly cash dividend, which we deem sustainable, represents an annualized total return potential of 14.2%.

However, the prospects at Hawaiian Electric appear bright, given the company’s stable earnings generated by its regulated electric operations,

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