Published on 18 Apr 2024 on Zacks via Yahoo Finance
Reasons to Add Pinnacle West Capital (PNW) to Your Portfolio Now
Pinnacle West Capital Corporation’s PNW strategic capital investment should further enhance its infrastructure and help create a clean generation portfolio. Given its strong growth, PNW makes a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment option at the moment.
Growth Projections
The Zacks Consensus Estimate for Pinnacle West Capital’s 2024 earnings per share (EPS) has moved up 1.5% to $4.76 in the past 60 days.The Zacks Consensus Estimate for 2024 sales is pinned at $4.87 billion, indicating year-over-year growth of 3.7%.PNW’s long-term (three- to five-year) earnings growth rate is 7.6%.