Pinnacle West Capital Corp

PNW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$24.00	Pvpy	Gjgskchrw

Pinnacle West Earnings: Arizona Regulation Appears To Be Trending Up; Weather Still Volatile

Travis Miller

Aug 3, 2023

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.

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