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Last Price: 70.5 - Change: 0.29 - Change %: 0.413
02/23/2024 16:10:00 EST

Pinnacle West Capital Corp (PNW)

Industry: Utilities - Regulated Electric

Price Support Resistance

In the past 20 trading days, PNW has been trading in a range between $70.48 and $66.39 (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 trading between resistance at $71.80 about 2% to the upside and support at $66.39 -6% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $74.35, about a 5% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. 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 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $77.55, a potential upside of 10% from the recent price of 70.50. Our AI powered stock target predictor currently has a target price of $98.33 a potential move of 39%. The stock is trading 17.84% (potential upside) below its 52 week high of $83.08 and 8.13 % (potential downside) above its 52 week low of $65.20 - based on the recent price.

Company Summary

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, 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, as well as owns and maintains transmission and distribution substations.

PNW Website

News

What's in Store for Pinnacle West Capital (PNW) in Q4 Earnings?
Pinnacle West Capital's (PNW) fourth-quarter results are expected to gain from expanding customer base and sales growth. Yet, rising operations and maintenance expenses might impact negatively.
Source: Zacks Investment Research
Fri, 23 Feb 2024 10:06:09 -0500
Sentiment: Positive
Pinnacle West (PNW) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
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
Tue, 20 Feb 2024 11:06:33 -0500
Sentiment: Positive
The 7 Best Dividend Stocks to Buy in February 2024
The stock market is at record highs. And more speculative growth names such as artificial intelligence-focused technology firms are skyrocketing.
Source: InvestorPlace
Thu, 15 Feb 2024 09:05:58 -0500
Sentiment: Positive
7 Retirement Stocks to Buy at 52-Week Lows
Investors are pricing in a substantial number of interest rate cuts in the coming months, which has led to a surge in stock prices. And while investors might think they've missed out on the run, they haven't.
Source: InvestorPlace
Tue, 06 Feb 2024 20:53:13 -0500
Sentiment: Positive
Pinnacle West Sets Date for 2023 Fourth-Quarter and Full-Year Financial Results, Webcast/Conference Call
PHOENIX--(BUSINESS WIRE)--Pinnacle West to release its 2023 fourth-quarter and full-year financial results before U.S. financial markets open on Tuesday, Feb. 27, 2024.
Source: Business Wire
Mon, 29 Jan 2024 16:00:00 -0500
Sentiment: Neutral
Instituions Institution %: 88.804
Last QTR Institution change: 179379

Insiders
Insiders %: 0.17
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 1617
Insiders Net last QTR: -1617

Analyst Ratings
Target Price: 77.55
Overall Rating: 3.5333
Strong Buys (5): 4
Buys (4): 2
Holds (3): 8
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 83.0828
52 Week Low: 65.2
Beta: 0.482
50 Day MA: 70.6738
200 Day MA: 75.8716

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.215
Qtr Revenue Growth YOY: 0.114
Forward PE: 14.2045
Trailing PE: 16.8258

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