Unlocking the Power of Pinnacle West Capital
A Leading Player in the Utilities Sector
Pinnacle West Capital, headquartered in Phoenix, is a dominant force in the western United States, providing electricity and energy-related products and services to a vast customer base. With an impressive 6,500 megawatts of generating capacity, the company is well-positioned to meet the growing demands of its customers.
A Regulated Utility Powerhouse
At the heart of Pinnacle West’s operations is Arizona Public Service Co., its primary regulated utility. This entity supplies electricity to a staggering 1.4 million customers across 11 of Arizona’s 15 counties, making it a vital part of the state’s energy infrastructure. Notably, approximately 50% of the company’s current production is fueled by renewable energy sources, underscoring its commitment to sustainability.
Financial Performance and Outlook
As of December 20, 2024, Pinnacle West Capital’s stock is trading at $84.60, with a price target that reflects the company’s strong growth prospects. The earnings estimate suggests a bright future for investors, making this utility giant an attractive addition to any portfolio.
Expert Insights and Analysis
For investors seeking to gain a deeper understanding of Pinnacle West Capital’s strengths and opportunities, exclusive reports and detailed company profiles are available. These valuable resources provide best-in-class trade insights, empowering investors to make informed decisions and take their portfolios to the next level.
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