Pinnacle West Capital Corp

PNW: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$67.00LljqtQtbjwzmz

Hot Weather Gives Pinnacle West a Boost; All Attention On Regulatory Developments

We are reaffirming our outlook for Pinnacle West after the company reported earning $2.88 per share in the third quarter, down from $3.00 per share in the third quarter of 2021 despite exceptionally hot weather that was a $0.23 per-share benefit year over year. We are reaffirming our narrow moat and stable moat trend ratings.

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