Pinnacle West Capital Corporation (PNW) reported
lower financial results for the first quarter of 2025, including a net loss. This was due, in part, to navigating multiple challenges. However, their Q1 revenue exceeded expectations, and Citi has adjusted the company’s price target from $95 to $100. Furthermore, PNW asserts its
commitment to growth, outlining plans for the addition of 2000 MW resources by 2030 despite the weaker earnings report. The company reaffirms its previous 2025 outlook and continues to pay its regular quarterly dividends. Wall Street remains mixed on the company's performance, but Wells Fargo has increased their Price Target. While earnings per share (EPS) fell short, the report highlights noticeable growth in Arizona, which could lead to long-term benefits for PNW. Furthermore,
executive leadership changes are taking place, with Ted Geisler set to succeed Jeff Guldner in a strategic transition. Some analysts argue that the stock might have run too fast too soon, but PNW continues to be lauded as one of the safest dividend stocks to buy, earning the favor of several funds for its steady income generation.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 21 May 2009 18:50:38 GMT to Sat, 03 May 2025 13:43:03 GMT -
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- Innovation 1
- Information 5
- Rumor -2
