Pinnacle West Capital Corporation (PNW) has had a mixed performance recently. The company announced the results of its Annual Shareholder Meeting, which included key proposals getting approved by shareholders and voting on board and executive pay. However, they reported lower Q1 2025 financial results, despite their shares crossing a 4% yield mark. Wall Street analysts appear to show a bullish outlook on the stock. BMO Capital initiated coverage of Pinnacle West with a Market Perform recommendation while Morgan Stanley adjusted its price target to $87 from $88. The company has seen an unexpected loss in Q1 2025, and its Q4 2024 earnings were a miss on EPS but beat on revenue. Despite the challenges, the company is thought to be a safe dividend stock and a steady income generator considered by some as a strong value stock. With some executive management changes and appointment of three new members to its board of directors, the future holds potential for Pinnacle West, which reaffirmed its 2025 outlook and detailed a 5%-7% EPS growth with robust Arizona demand.
Pinnacle West Capital Corporation PNW News Analytics from Thu, 21 May 2009 18:50:38 GMT to Fri, 23 May 2025 22:28:35 GMT -
Rating 0
- Innovation 3
- Information 5
- Rumor 3
