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. 


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!