Pinnacle West Capital Corporation (PNW) has been the subject of various actions and analysis. The corporation's experts have suggested holding until interest rates fall lower. A noteworthy event is the sale of 4,950 shares by the company's EVP, GC and CDO, Robert Smith, resulting in a transaction worth over $424k. Despite claims of underperformance in the market,
PNW has beaten earnings expectations, with the market keeping a close watch on what might happen next. A strategic SWOT insight has been performed while the Q2 2024 earnings call transcript has been published. There are new investments being made in the company, like those from Cetera Advisors LLC, amidst analysis suggesting that the business is yet to catch up with its share price. Institutional backing for
PNW is strong with approximately 89% ownership. According to some calculations, the corporation might be undervalued by 23%. Several agencies are also changing their position in the company's stock, including Mather Group LLC, Linden Thomas Advisory Services LLC, and Teachers Retirement System of the State of Kentucky.
PNW recently welcomed three new members to its board of directors and announced a proposed public offering of $650 million of common stocks.
Pinnacle West Capital Corporation PNW News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Fri, 16 Aug 2024 11:47:51 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor -3
