Pinnacle West Capital Corp. Stock Inches Up Despite Market Slump

Trending News 🌥️

On Monday, Pinnacle West Capital ($NYSE:PNW) Corp. shares increased by 0.59%, closing at $78.92, despite a difficult day for the stock market. This marks a positive sign of potential growth for one of the largest electric utilities in the United States. Pinnacle West Capital Corp. is based in Phoenix, Arizona and has its primary subsidiary, Arizona Public Service Company. It is a publicly traded company with a primary focus on providing electricity and energy services to residential and commercial customers in Arizona. In addition to providing electricity services, Pinnacle West Capital Corp. also owns and operates retail stores, hotels, and restaurants in Arizona. The company operates through a number of subsidiaries and has a diversified portfolio of investments in various industries. Pinnacle West Capital Corp. seeks to create value for its shareholders by focusing on increasing its customer base and improving customer service. Furthermore, the company is working to reduce its carbon footprint by investing in renewable energy sources and energy efficiency technologies. On Monday, the stock market experienced a significant downturn due to geopolitical concerns in the US and abroad.

However, Pinnacle West Capital Corp. managed to buck the trend and close at a modest increase. This could signal that the company is positioned to benefit from an eventual return to stability in the markets. With its diverse portfolio of investments and commitment to renewable energy, Pinnacle West Capital Corp. is well-positioned to benefit from any long-term market upturns.

Share Price

Despite a volatile stock market, PINNACLE WEST CAPITAL Corp. managed to inch up its stock price on Monday. The stock opened at $78.5 and closed at $78.9, a 0.6% increase from the previous closing price of $78.5. This slight gain is a sign of investors’ confidence in the company’s future performance and their belief that it will weather current market fluctuations. Despite the overall market slump, it is encouraging to see PINNACLE WEST CAPITAL outperform its peers and demonstrate the strength of its stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for PNW. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for PNW. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for PNW. More…

Key Ratios Snapshot

Some of the financial key ratios for PNW are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of PINNACLE WEST CAPITAL’s wellbeing. Our Risk Rating has determined that PINNACLE WEST CAPITAL is a low risk investment in terms of financial and business aspects. We have also detected two risk warnings in their income sheet and cashflow statement. If you would like to find out more details on these warnings, please become a registered user of GoodWhale. More…

Peers

It faces competition from other major energy providers, such as Entergy Corp, Evergy Inc, and Xcel Energy Inc. Each of these companies has its own unique strategies for navigating the energy market, but all are focused on providing reliable, cost-effective solutions to their customers.

– Entergy Corp ($NYSE:ETR)

Entergy Corporation is a Fortune 500 integrated energy company that provides electric power and natural gas services to 2.9 million customers in the US. The company has a market cap of 24.98B as of 2022, making it one of the largest integrated energy companies in the country. Entergy’s Return on Equity (ROE) is 11.07%, which is above average for utilities stocks. This indicates that Entergy’s management is able to efficiently generate returns from its shareholders’ investments. The company’s ROE provides investors with assurance that their money is being used wisely and that their investments are in good hands.

– Evergy Inc ($NYSE:EVRG)

Evergy Inc is a leading energy company that delivers electricity and natural gas to customers in the Midwest. As of 2022, the company has a market capitalization of 14.49 billion, making it one of the largest companies in the energy sector. Evergy Inc’s Return on Equity (ROE) is 8.52%, indicating that it is creating value for its shareholders by generating profits from its investments. The company has also made great strides in investing in renewable energy sources, ensuring that its customers receive a reliable and sustainable energy source.

– Xcel Energy Inc ($NASDAQ:XEL)

Xcel Energy Inc is an American energy company that provides electricity and natural gas services to residential, commercial, and industrial customers in eight states in the United States. With a market cap of 39.18B as of 2022, Xcel Energy Inc is one of the largest publicly-traded utilities in the United States. The company has a strong Return on Equity (ROE) of 9.4%, which indicates that the company is generating a solid return on its invested capital. This is a positive sign for investors and suggests that the company is well managed.

Summary

Pinnacle West Capital Corp. ended trading on Monday with a 0.59% rise to $78.92. Overall, the stock market experienced a difficult day. For investors, the stock offers the potential for strong returns in the long-term.

In terms of fundamentals, Pinnacle West Capital Corp. has a healthy balance sheet, solid dividend yield and good management track record. Analysts believe that the stock offers an attractive entry point at current prices and it is expected to further increase in value going forward.