With strong trading days, **Pinnacle West Capital Corporation** (PNW) has been consistently outperforming competitors. Investment in the stock three years ago would have yielded a 31% gain. Industry experts suggest that it is 23% undervalued and an intrinsic calculation supports this assertion. Both autonomous internal growth and partnerships appear to be key drivers, with Jaffetilchin Investment Partners, Panagora Asset Management, Fifth Third Bancorp, and BlackRock all taking significant positions. Notably, Pinnacle West has seen strong earnings as it reportedly exceeded revenue expectations in their Q1 2024 report. Further, growth perspectives remain solid for PNW as stock price targets have been increased by Morgan Stanley and a regular dividend payout history indicates financial stability. It appears to attend to renewable investment which could make it a safer long-term option. On another positive note, Pinnacle West announced executive management changes and the addition of three new board members, potentially bringing new perspectives and strategies to the company. However, the business performance still seems to lag its share price, perhaps justifying the argument of undervaluation. Finally, there is a proposed offering of $450 million of convertible senior notes due 2027 and a proposed public offering of $650 million of common stock. **Maintaining regular dividends**, they are making strategic moves to stimulate further growth.
Pinnacle West Capital Corporation PNW News Analytics from Wed, 25 Jul 2012 07:00:00 GMT to Sun, 01 Sep 2024 19:32:01 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -4
