Based in Phoenix, Arizona, Pinnacle West Capital Corporation (PNW) provides retail and wholesale electric services primarily in the state of Arizona. With a market cap of $10.1 billion, the company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities.
Companies valued at $10 billion or more are generally described as “large-cap” stocks, and Pinnacle West Capital fits right into that category. The company’s main subsidiary, Arizona Public Service (APS), operates and co-owns Palo Verde Generating Station, the largest nuclear plant and the single-largest generator of carbon-free electricity in the U.S. PNW is renowned for its principled focus on ESG and its innovative energy solutions.
