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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Pinnacle West Capital Corp (PNW)
Industry: Utilities - Regulated Electric
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PNW has been trading in a range between $82.56 and $75.52 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PNW is breaking above top of the recent 20 day range at $82.56 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Pinnacle West Capital Corp $PNW entered a Green zone 15 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $77.55, a potential down side of -8.45% from the recent price of 84.71. The stock is trading 0.34% (potential upside) below its 52 week high of $85.00 and 31.48 % (potential downside) above its 52 week low of $64.43 - based on the recent price.
Company Summary
Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services primarily in the state of Arizona The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables.
News
| Pinnacle West (PNW) Reports Next Week: Wall Street Expects Earnings Growth Pinnacle West (PNW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Thu, 25 Jul 2024 11:06:14 -0400 Sentiment: Positive |
| Pinnacle West Sets Date for 2024 Second-Quarter Financial Results, Webcast/Conference Call PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. plans to release its 2024 second-quarter financial results before U.S. financial markets open on Thursday, Aug. 1, 2024. Source: Business Wire Tue, 02 Jul 2024 16:30:00 -0400 Sentiment: Neutral |
| Reasons to Buy Pinnacle West Capital (PNW) Stock Right Now Pinnacle West Capital (PNW) makes a strong case for investment, given its growth prospects, debt management, expansion of renewable portfolio and ability to increase its shareholder value. Source: Zacks Investment Research Thu, 27 Jun 2024 10:45:34 -0400 Sentiment: Positive |
| Pinnacle West Appoints Three New Members to its Board of Directors PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corp. announced today that its board of directors has elected three new members to the company's board effective July 1, 2024. Source: Business Wire Thu, 20 Jun 2024 16:30:00 -0400 Sentiment: Neutral |
| Pinnacle West Declares Quarterly Dividend PHOENIX--(BUSINESS WIRE)--Pinnacle West's board of directors declares a quarterly dividend of $0.88 per share of common stock. Source: Business Wire Wed, 19 Jun 2024 15:01:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 85 52 Week Low: 64.4341 Beta: 0.505 50 Day MA: 77.7516 200 Day MA: 73.7699 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.215 Qtr Revenue Growth YOY: 0.007 Forward PE: 15.3374 Trailing PE: 18.2113