PNW Slides After Analyst Cut, Major Stake Sale Now
Pinnacle West (PNW) showed short-term weakness this week, with share moves on Feb. 3 and Feb. 6 and recent institutional repositioning and analyst price-target trimming. Key developments: a modest Wells Fargo price-target reduction to $91, a 61.9% stake cut by Pacer Advisors, and PNW underperforming utility peers—factors investors should monitor alongside regulatory and operational updates at Arizona Public Service.
