Pinnacle West Capital Corporation has received a neutral recommendation from UBS as it strengthens its position in the energy sector.

The company is involved in the production, transmission, and distribution of electricity, with a diverse portfolio that includes 56 power plants projected to have a total capacity of 6,491 MW by the end of 2023.

Pinnacle West has an extensive power distribution network consisting of 18,167.9 km of overhead lines and 37,987 km of underground lines. Additionally, its power transmission capabilities encompass 9,356.7 km of overhead lines and 136.8 km of underground lines.

Reputable financial institutions such as Factset, Morningstar, and S&P Capital IQ monitor the company's performance and ratings, highlighting its significant role in the energy market.