Is Pinnacle West Stock Underperforming the Nasdaq?

Company Overview - Pinnacle West Capital Corporation (PNW) is headquartered in Phoenix, Arizona, and provides retail and wholesale electric services primarily in Arizona, with a market cap of $10.4 billion [1][2] - PNW is also engaged in real estate development activities in the western U.S. [1] Stock Performance - PNW's stock has declined 9.7% from its 52-week high of $96.50, reached on April 3, and has underperformed the Nasdaq Composite, which gained 13% over the same three-month period [3] - Year-to-date, PNW shares have risen 2.8%, but they have dipped 2.4% over the past 52 weeks, lagging behind the Nasdaq's YTD gains of 16.5% and 24.5% returns over the last year [4] - PNW has been trading below its 50-day and 200-day moving averages since late August, indicating a bearish trend [4] Financial Performance - In Q2, PNW reported an EPS of $1.58, a decline of 10.2% year-over-year, while revenue totaled $1.4 billion, reflecting a 3.8% year-over-year increase [5] - The company expects full-year EPS to be between $4.40 and $4.60 [5] Competitive Landscape - Evergy, Inc. (EVRG) has outperformed PNW, showing YTD gains of 19.8% and 19.5% returns over the past 52 weeks [5] Analyst Sentiment - Wall Street analysts maintain a "Moderate Buy" rating for PNW, with a consensus mean price target of $96.50, suggesting a potential upside of 10.7% from current price levels [6]