Pinnacle West Capital Corp

PNW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$81.00	Rjzmn	Xcwpcpn

Pinnacle West Earnings: Regulatory Activity Heats Up After Scorching Summer

Travis Miller

Nov 2, 2023

We are reaffirming our $77 per share fair value estimate for Pinnacle West after the company reported earning $3.50 per share in the third quarter, up from $2.88 in the third quarter of 2022. We are reaffirming our narrow moat rating.

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