Pinnacle West Capital Corp
PNW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$75.00 | Bysl | Lhltmpktk |
Pinnacle West Earnings: Arizona Regulation Appears To Be Trending Up; Weather Still Volatile
We are reaffirming our $77 per share fair value estimate for Pinnacle West after the company reported earning $0.94 per share in the second quarter, down from $1.45 in the second quarter of 2022. We are reaffirming our narrow moat rating.