
Headquartered in Phoenix, Arizona, Pinnacle West Capital Corporation (PNW) provides energy services through its primary subsidiary, Arizona Public Service (APS). With a market cap of $9.94 billion, Pinnacle West focuses on delivering reliable and sustainable electricity to residential, commercial, and industrial customers across Arizona.
PNW has significantly underperformed the broader market over the last year. The stock has gained 11.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 25.6%. However, in 2024, the stock has gained 21.8%, compared to SPX's 18.4% gains on a YTD basis.