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Pinnacle West Capital Corporation's Q4 2023 results were slightly better than expected, driven by record-breaking weather and increased interest expenses.
Guidance for 2024 was a bit lower than expected.
We look at the equity offering, credit rating changes and update our trade idea.
On our last coverage of Pinnacle West Capital Corporation ( PNW ), we gave it an official buy rating while noting that we would only get involved via covered calls....