PNW Should I Buy
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PNW is not a good buy right now for an impatient investor. While the trend is still broadly bullish (stacked moving averages) and options positioning is call-heavy, the near-term setup is weakened by (1) a major negative policy/news catalyst (DOE loan guarantee cancellation), (2) accelerating hedge fund and insider selling, and (3) limited upside implied by the pattern-based forecast into the next month. I would wait rather than buy immediately; the stock is sitting just below the pivot (93.12) with nearby downside risk to 91.65/90.75 before a clearer entry appears.
Trend/structure: Bullish moving-average stack (SMA_5 > SMA_20 > SMA_200) supports an ongoing uptrend, but price (92.62) is slightly below the pivot (93.117), suggesting near-term hesitation. Momentum: MACD histogram is positive (0.175) but contracting, indicating bullish momentum is fading rather than strengthening. RSI(6) ~53.8 is neutral—no strong buy signal. Levels: Immediate support at 91.654 (S1) then 90.75 (S2); resistance at 94.58 (R1) then 95.484 (R2). Near-term probability read: similar-pattern study shows modest upside next day/week (+0.86% / +0.34%) but negative bias over the next month (-1.06%), which aligns with a “not great timing” entry for an impatient buyer.
Intellectia Proprietary Trading Signals
which can provide valuation support; earnings catalyst upcoming (QDEC 2025 report on 2026-02-25 pre-market) that could reframe guidance/capex/regulatory outlook.
Major headline risk: Trump administration canceled a $1.8B DOE loan guarantee tied to renewable/transmission/storage investments—directly pressures clean-energy capex economics and near-term narrative; policy shift risk as part of broader review/cancelation wave; positioning red flags with Hedge Funds selling (selling amount +843.58% last quarter) and Insiders selling (+325.01% last month); pattern-based forecast points to slight negative 1-month expectancy (-1.06%)—poor fit for an impatient buyer.
Latest quarter (2025/Q3): steady, utility-like growth. Revenue $1.821B (+2.94% YoY), Net Income $413.2M (+4.62% YoY), EPS $3.39 (+0.59% YoY), Gross Margin 51.64% (+0.60% YoY). Overall: fundamentals are stable-to-improving, but not accelerating enough to offset the current policy/news overhang and the observed selling by insiders/hedge funds.
Recent Street stance remains largely neutral/market-perform despite some price target lifts. RBC raised PT to $103 (Sector Perform). Morgan Stanley moved PT to $89 (Equal Weight). Wells Fargo kept Equal Weight and trimmed PT to $91 while staying on the sidelines; UBS is Neutral with a $95 PT. KeyBanc downgraded to Sector Weight citing an extended FRP transition timeline, with benefits not expected to show until 2028. Wall Street pros: strong AZ fundamentals, load growth, constructive regulation, catalysts-rich story. Cons: delayed timeline to see regime/plan impacts in numbers, and near-term uncertainty heightened by the loan-guarantee cancellation. Influential trading: No recent Congress trading data; however, insiders and hedge funds are net sellers, which is a meaningful negative signal.
