The IBD SmartSelect Composite Rating for Pinnacle West Capital increased from 94 to 96 Friday.
The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Pinnacle West Capital is currently forming a flat base, with a 91.56 buy point. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock sports a 90 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted an 87% EPS gain for Q2. Top line growth climbed 17%, up from 1% in the prior quarter. That marks two quarters of rising growth. The company's next quarterly report is expected on or around Nov. 6.
Pinnacle West Capital holds the No. 3 rank among its peers in the Utility-Electric Power industry group. Empresa Distribuid ADR is the No. 1-ranked stock within the group.
