tsla

Electricity Stock to Target Next Week

The electricity sector shines next week, for some reason

Deputy Editor
Feb 15, 2023 at 2:25 PM
facebook X logo linkedin


Electricity stock Pinnacle West Capital Corp (NYSE:PNW) stock has had a volatile start to the year. The shares traded as high as $80 on Dec. 14, but back in October sat as low as $59.03. PNW is currently consolidating around the $74 level, but if history is any indicator, the stock could move higher next week. 

Pinnacle West stock is among the best S&P 500 (SPX) stocks to own during President's Day Week. According to Schaeffer's Senior Quantitative Analyst Rocky White, PNW averaged a return of 2.2% that week in the last 10 years, finishing positive 100% of the time. This puts PNW at the top of the list, followed by two more electricity names. 

PNW Feb15

Should PNW receive any bull notes, that could provide tailwinds as well. Of the nine analysts in coverage, all nine carry a "hold" or worse rating, while the 12-month consensus price target of $74.55 is roughly in line with current levels. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.