Pinnacle West Capital Corporation (PNW) comes into the limelight with several noteworthy announcements. The company declared a
quarterly dividend contributing more to its reputation as a steady income generator. It has seen
respectable returns of 32% over the past year gratifying investors, and a 39% return over the last three years. Leadership shift is initiated with
Ted Geisler taking over as CEO in succession to Jeff Guldner. Financing news reveals
Pinnacle West proposing an
offering of $450 Million Convertible Senior Notes, due 2027 and a separate
public offering of $650 Million common stock. The company expects a
5%-7% EPS growth through 2025, driven by robust demand in Arizona. Recent reports highlight
Pinnacle West's Q4 earnings, surpassing revenue forecasts though the company posts slight Q4 loss with EPS of $0.06. Analysts have upgraded the stock and raised the price target to $99, anticipating strong price appreciation. The company also strengthens its board with the appointment of three new members and the election of former NRC Chairman,
Kristine L. Svinicki. Keeping up with technology, it employs AI smoke-detection cameras in association with APS, and also noting increase in power demand from data centers.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 21 May 2009 18:50:38 GMT to Sat, 29 Mar 2025 02:26:00 GMT -
Rating 8
- Innovation 2
- Information 10
- Rumor -2
