Pinnacle West Capital ( (PNW) ) has provided an update.
Pinnacle West Capital Corp. reported a net loss of $4.6 million for the first quarter of 2025, compared to a net income of $16.9 million in the same period of 2024, primarily due to increased operations and maintenance expenses and other financial factors. Despite these results, the company remains optimistic about achieving its annual targets, supported by robust customer and electricity sales growth, and continues to focus on summer preparedness and enhancing customer experiences with advanced technology and infrastructure improvements.
Spark’s Take on PNW Stock
According to Spark, TipRanks’ AI Analyst, PNW is a Neutral.
Pinnacle West Capital demonstrates solid financial health and growth prospects, supported by strong earnings and strategic investments. The upward technical momentum is promising, though caution is advised due to potential overbought conditions. Valuation is reasonable, with an attractive dividend yield, making it appealing for income investors.
To see Spark’s full report on PNW stock, click here.
More about Pinnacle West Capital
Pinnacle West Capital Corp., headquartered in Phoenix, is an energy holding company with over $27 billion in assets and approximately 6,500 megawatts of generating capacity. Through its main subsidiary, Arizona Public Service, it provides retail electricity services to about 1.4 million homes and businesses in Arizona.
YTD Price Performance: 13.44%
Average Trading Volume: 1,190,667
Technical Sentiment Signal: Sell
Current Market Cap: $11.35B
See more data about PNW stock on TipRanks’ Stock Analysis page.