PNW Stock Summary and Trading Ideas (Pinnacle West Capital | NYSE:PNW)

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the US, Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

Pinnacle West Capital trades on the NYSE stock market under the symbol PNW.

As of April 25, 2024, PNW stock price declined to $74.20 with 737,006 million shares trading.

PNW has a beta of 0.05, meaning it tends to be less sensitive to market movements. PNW has a correlation of 0.00 to the broad based SPY ETF.

PNW has a market cap of $8.42 billion. This is considered a Mid Cap stock.

Last quarter Pinnacle West Capital reported $992 million in Revenue and $.00 earnings per share. This fell short of revenue expectation by $-128 million and exceeded earnings estimates by $.13.

In the last 3 years, PNW stock traded as high as $88.54 and as low as $59.03.

The top ETF exchange traded funds that PNW belongs to (by Net Assets): VTI, VB, VOO, DVY, VBR.

PNW stock has underperformed the market in the last year with a return of -4.0%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PNW shares. However, PNW has outperformed the market in the last 3 month and 2 week periods, returning +10.1% and +2.8%, while SPY returned +4.1% and -2.1%, respectively. This indicates PNW has been having a stronger performance recently.

PNW support price is $73.56 and resistance is $75.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PNW stock will trade within this expected range on the day.