2024-03-26 11:35:21 ET
Summary
- 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....
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For further details see:
Pinnacle West: Equity Offering Dilution Offset By Credit Stabilization