Is Pinnacle West Capital Stock Underperforming the Dow?

Core Insights - Pinnacle West Capital Corporation (PNW) is a large-cap utility company based in Phoenix, Arizona, with a market capitalization of $10.5 billion, providing retail and wholesale electric services primarily in Arizona [1][2] - PNW is heavily invested in clean energy, with half of Arizona Public Service's electricity sourced from clean energy, aligning with regulatory requirements and consumer preferences [2] - Despite its strengths, PNW's stock has underperformed compared to the Dow Jones Industrials Average, with a 9% decline from its 52-week high and a 1.2% drop over the past six months [3][4] Financial Performance - For Q3, PNW reported revenue of $1.8 billion, reflecting a year-over-year increase of 2.9%, while its earnings per share (EPS) rose slightly to $3.39 [5] - Over the past year, PNW's stock has gained 2.1%, but this is below the Dow Jones Industrials Average's 10.1% return [4] Market Position - PNW has been trading below its 50-day and 200-day moving averages since late October, indicating a bearish trend [4] - Competitor Evergy, Inc. (EVRG) has shown stronger performance, with 9% gains over six months and 19.3% returns over the past year [5] Analyst Sentiment - Wall Street analysts maintain a "Moderate Buy" rating for PNW, with a consensus price target of $97.07, suggesting a potential upside of 10.5% from current levels [6]