With a market cap of $12.4 billion, Pinnacle West Capital Corporation (PNW) provides retail and wholesale electricity services across Arizona through its subsidiary operations. The company generates, transmits, and distributes electricity using nuclear, gas, oil, coal, and solar facilities, while also maintaining transmission lines, substations, and energy storage systems.
Shares of the power company have underperformed the broader market over the past 52 weeks. PNW stock has returned 11.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.8%. However, shares of the company are up 14.8% on a YTD basis, outpacing SPX's 8.2% gain.
