Pinnacle West Capital stock slides 1.12% and underperforms in rising market
Updated
Updated · MarketWatch · May 6
Pinnacle West Capital stock slides 1.12% and underperforms in rising market
5 articles · Updated · MarketWatch · May 6
The shares closed at $100.17 on Wednesday, while the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
It was Pinnacle West's fourth straight daily loss, leaving the stock 4.53% below its 52-week high of $104.92 reached on 9 April.
Among peers, NextEra Energy fell 0.92%, Southern dropped 2.49% and Dominion lost 2.14%, while Pinnacle West trading volume of 1.1 million stayed below its 50-day average.
After a stellar earnings report, why is Pinnacle West's stock falling amid Arizona's AI-driven energy boom?
As data centers flock to Arizona, can the state meet soaring energy demand without raising customer rates?