PNW - fall -104% to -13 cents per share on February 27The last earnings report on September 30 showed earnings per share of $3.5, beating the estimate of $3.4. P/B Ratio (1.254) is normal, around the industry mean (1.535). P/E Ratio (16.826) is within average values for comparable stocks, (21.523). Projected Growth (PEG Ratio) (2.254) is also within normal values, averaging (2.586). Dividend Yield (0.049) settles around the average of (0.051) among similar stocks. P/S Ratio (1.700) is also within normal values, averaging (3.327). With 1.84M shares outstanding, the current market capitalization sits at 7.99B.
P1NW34 trade ideas
#PNW Catch it if you can! 📈Hey guys,
NYSE:PNW has a great impulse/correction on the 15minute time frame. On the lower degree it has broken out with an impulsive move and is correcting making a great flag.
This is signaling a bullish trend continuation move but might take off once the market opens up.
Catch it if you can!
PNW Technical Analysis 🧙Pinnacle West is a holding company whose principle subsidiary is Arizona Public Service. APS is a vertically integrated regulated utility that provides electric service to 1.3 million customers over a 35,000-square-mile service territory in Arizona, including the city of Phoenix. Approximately 35% of power sold comes from the company's 29% interest in the nearly 4-gigawatt Palo Verde nuclear plant. Operated by APS, Palo Verde is the largest nuclear plant in the U.S. APS has invested approximately $675 million in the utility-scale photovoltaic solar plants as part of the AZ Sun Program, resulting in 170 MW of solar capacity owned by APS and over 1,000 MW of contracted solar energy from power purchase agreements.
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I'm baaaaaack! PNW LongThe services industry has been trending up, there are some sign of slowing but not much. I may have been lucky but I managed to snipe this one during the market down turns and it held up. Making me more confident and adding more to my position.
Taking a second position for continuation of the uptrend. It was looking like a H&S before I made the first trade. I am taking an updated approach of holding a potential trending position. At this point I usually would have taken profits already.
-Happy Trading
$PNW - I can literally feel myself turning into a permabearYou know I've had to hold myself back from posting just to prevent myself from getting too emotionally set on seeing a bear market within the next few months. That being one reason, & 2nd reason being to the tendency to stay away from a trade that isn't a clear top or a clear bottom with a direction clear enough for me to take a high or even semi-high risk on. Since we're in such a retaliatory bull market, the only post I've made calling for a ticker going into bear market (with high confidence) is $GS. I've done my own research, & if you wana take my word for it - you'll stay FAR the fuck away from financials ($DFS, $JPM, $C, $PFG, $BMA, $COF, $GGAL, $GS especially). To keep this on topic - current free cash flow / equity is in the same trench it's been in only in 2001 & 2009. On a chart, it's hovering a few basis points above those extremes. But to put that more into perspective, if you think $TSLA burns through cash, $PNW has an even lower Altman-Z score (.93 vs 1.32). The only difference is 1 of them has dividend obligations.
PNW short follow-upThis 120m chart of PNW is a follow-up to the daily chart posted earlier today. From an Elliott Wave perspective, I see recent price action as a flat correction (3-3-5) nearing completion into the 50% Fibonacci retracement level. RSI overbought and starting to show divergence means that the rally is losing momentum. Looking for the stock to roll over and begin moving lower impulsively. Already short from 82.50.
Short PNW forThis daily chart of PNW is showing three separate reasons to get short:
1. Price recently broke through long-term trendline support
2. It looks to be carving out a Head & Shoulders pattern
3. The sell-off from the high was impulsive, followed by a sideways correction
Initiating a short position at 82.50 and looking for the stock to roll over. Immediate profit target is at 73.50, with an extension below 70. A move above 90 invalidates the setup.