Pinnacle West Capital Corp
PNW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$31.00 | Tvz | Lcqprlsx |
Pinnacle West Earnings Sink on Rate Cut; More Regulatory Activity Coming in 2023
We are reaffirming our $77 per share fair value estimate for Pinnacle West after the company announced earning $4.26 per share in full-year 2022, down from $5.47 in 2021. This was in line with our expectations. We are reaffirming our narrow moat and stable moat trend ratings.