Pinnacle West: Significantly Overvalued Following The AI-Surge

2026-03-04 09:14:03 ET

I've covered Pinnacle West ( PNW ) for a number of years - less since I rotated the company at what I believed to be a very attractive price towards the end of 2024. It turned out, by the way, to also be an attractive price , if we exclude the last 2-3 months when we've seen a surge in most utilities. What I mean by this is that you might look at Pinnacle West's share price and believe that this company has somehow outperformed the sector. It hasn't. Most utilities are up as much - and more. Most of the utility investments that I did are up more in fact, and i've been able to rotate them either now, or before now, at very attractive returns....

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