BMO Capital initiated coverage on Pinnacle West Capital Corporation (PNW) with a Market Perform recommendation, indicating a neutral view of the stock. The corporation outlined plans for substantial resource additions by 2030, hinting at future growth. The corporation recently announced leadership succession, maintaining its steady presence in the industry. However, the corporation experienced a net loss for Q1 2025, triggering concerns over its financial performance. Critics also raise questions about the stock running too fast, too soon. Citigroup adjusted its price target to $100 from $95, while Jefferies cut it to $109. Despite lower earnings, PNW reported strong Q1 revenues, exceeding expectations. Analysts were cautiously optimistic about PNW's ability to navigate regulatory challenges and rate case uncertainties, a testament to the corporation's strategic planning and robust management. Lastly, PNW appointed three new members to its board of directors, promising an influx of fresh perspectives and ideas.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 21 May 2009 18:50:38 GMT to Fri, 16 May 2025 05:25:19 GMT -
Rating 3
- Innovation -2
- Information 7
- Rumor -1
