There have been several notable developments regarding Pinnacle West Capital Corporation (PNW). Firstly, the company reported a net loss in its Q1 2025 earnings call, alongside a decrease in first-quarter financial results. Despite these challenges, the company has been declared as a safe dividend stock to buy now, and their strong Q1 revenue has exceeded expectations. In regards to stock performance, PNW's shares are compared favorably with other utility stocks and the company has been targeted for significant investment by hedge funds. Despite certain setbacks, there is strong market speculation that the corporation can manage future turbulence and deliver stable returns. Most notably, Citigroup adjusted the price target from $95 to $100, although Jefferies cut their stock price target to $109. Furthermore, Wells Fargo raised their own price target. More transitionally, Pinnacle West and APS announced a leadership succession and the VP made a significant stock sale.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 21 May 2009 18:50:38 GMT to Sat, 10 May 2025 02:16:00 GMT - Rating 3 - Innovation 0 - Information 9 - Rumor 2
