In the recent developments around
Pinnacle West Capital Corporation (PNW), there has been continuous market activity signifying both institutional purchases and sales.
Sonora Investment Management Group LLC and
Pacer Advisors Inc. notably increased their positions, while
Perpetual Ltd and
Verity & Verity LLC sold considerable shares. Even though
Jefferies Financial Group lowered their price target slightly, intrinsic value calculations by specialists suggest that the stock might be undervalued by upto 30%. Despite a few daily losses, PNW outperformed its competitors multiple times. On the earnings front,
PNW delivered
third quarter qualitative earnings, with sales beating expectations and EPS slightly lagging. The company's
leadership transition was announced, setting
CEO Ted Geisler to succeed Jeff Guldner. A recent consensus rating from various analysts indicates a
'Hold' stance towards the company. PNW is also moving towards cleaner energy, although it reported slightly lower third-quarter results compared to the previous year. In other developments, the company announced a
proposed public offering of $650 million common stock and top analysts have upgraded the company's status to neutral or bullish.
Pinnacle West Capital Corporation PNW News Analytics from Sat, 30 Jun 2018 02:52:11 GMT to Sat, 01 Feb 2025 13:00:40 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor -5
