With a market cap of $10.3 billion, Pinnacle West Capital Corporation (PNW) provides retail and wholesale electricity services in Arizona through its subsidiary, Arizona Public Service Company (APS). The company generates, transmits, and distributes electricity from coal, nuclear, gas, oil, and solar energy sources.
Shares of the power company have outperformed the broader market over the past 52 weeks. Pinnacle West Capital stock has returned 33.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.8%. Moreover, shares of PNW are up 6.6% on a YTD basis, compared to SPX's 4.5% gain.
