Pinnacle West Capital Corporation ($PNW) Stock Forecast: Up 5.1% Today

What is Pinnacle West Capital Corporation?

Pinnacle West (PNW) is Arizona's largest electric utility company.

Why is Pinnacle West Capital Corporation going up?

PNW stock is up 5.1% on Nov 14, 2023 20:30

• PNW stock had a strong bullish movement today.
• The regulatory problems mentioned in an article from Seeking Alpha seem to have been resolved, which could have positively impacted the stock.
• The upgraded stock rating mentioned in an article from Stocknews.com might have also contributed to the bullish movement.
• Overall, the positive news surrounding PNW's regulatory situation and stock rating upgrade likely drove the bullish market movement.

PNW Price Chart

PNW News

Pinnacle West: With Regulatory Problems In The Past, Nearing A Strong Entry Point

Arizona''s largest electric utility, Pinnacle West, was facing regulatory challenges. Click here to read about the dividend, and the buy territory for shares.

https://seekingalpha.com/article/4651149-pinnacle-west-regulatory-problems-past-strong-entry-point?source=feed_all_articles

Pinnacle West Capital ( NYSE:PNW ) Stock Rating Upgraded by StockNews.com

Pinnacle West Capital ( NYSE:PNW ) Stock Rating Upgraded by ... Defense World ...

https://www.defenseworld.net/2023/11/12/pinnacle-west-capital-nysepnw-stock-rating-upgraded-by-stocknews-com.html

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Pinnacle West Capital Corporation Price History

21.07.2023 - PNW Stock was down 1.1%

• The bearish movement in PNW's stock today could be attributed to several factors:
• 1. Profit-taking: After a period of gains, investors may have decided to take profits, leading to a sell-off in the stock.
• 2. Market sentiment: The overall market sentiment may have turned negative, impacting PNW's stock along with other companies in the sector.
• 3. Regulatory concerns: There could be concerns about potential regulatory changes or challenges in the clean energy sector, which may have negatively affected PNW's stock.
• 4. Earnings disappointment: If PNW recently reported earnings that fell short of expectations, it could have contributed to the bearish movement in the stock.