Latest news with #Arizona-based
Yahoo
6 hours ago
- Business
- Yahoo
Here's What to Expect From Pinnacle West's Next Earnings Report
Phoenix, Arizona-based Pinnacle West Capital Corporation (PNW) provides retail and wholesale electric services primarily in the state of Arizona. With a market cap of $11 billion, the company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. PNW is scheduled to report its Q2 earnings on Wednesday, August 6, before the market opens. Ahead of this event, analysts expect the company to report a profit of $1.62 per share, down 8% from $1.76 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters, while missing on one other occasion. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? This Penny Stock Wants to Become the MicroStrategy of Dogecoin Robinhood Stock Stumbles as S&P 500 Inclusion Is Once Again Off the Table for HOOD Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect PNW to report an EPS of $4.53, down 13.6% year over year from $5.24 in fiscal 2024. However, in FY2026, the company's EPS is expected to rise 10.4% annually to $5. PNW shares have soared 13.4% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 14.5% returns and the Utility Select Sector SPDR Fund's (XLU) 19.8% gains during the same time frame. On May 1, PNW shares fell 1.9% following the release of its Q1 earnings. The company reported an 8.5% year-over-year increase in its operating revenues, which came in at approximately $1 billion. Moreover, the company reported a $0.04 net loss per share for the quarter, which fell short of the Street's expectations by 180%. Wall Street analysts are moderately bullish about PNW's stock, with a "Moderate Buy" rating overall. Among 15 analysts covering the stock, six suggest a 'Strong Buy' and nine suggest a 'Hold.' PNW's average analyst price target of $97.71 indicates a 4.9% potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indianapolis Star
a day ago
- Politics
- Indianapolis Star
Indiana school banned mom for recording principal. Think tank says it's unconstitutional
After Northeast Indiana mom recorded a meeting with her daughter's principal last year and then posted it online, she was banned from school grounds and limited in her communications with school employees. Nicole Graves was disciplined after twice violating a Whitley County district policy not to record meetings without the building administrator's permission, according to a district letter sent to her. The Goldwater Institute, a conservative-leaning Arizona-based think tank, is pushing to rescind the policy, arguing that it violates the right to free expression protected under the First Amendment. It's a policy found in other schools around the state and the country. "We're very hopeful that the school district will simply just change the recording policy," attorney Adam Shelton said. "However, we are still open to litigation depending on how the conversation with the school district continues to go." If the school restricted Graves from talking about the meeting or drafting a transcript, Shelton said, it would undoubtedly violate the First Amendment. He questions why a recording would be any different. "This is just a measure the school's adopted to prevent the most accurate record of conversation from being taken," he said. The school has since lifted its punishments as part of a typical end-of-school-year review, said Laura McDermott, superintendent of Whitley County Consolidated Schools, in a statement. The statement did not mention the recording policy, and McDermott has not responded to additional IndyStar questions. In a prior statement to Fort Wayne TV station WPTA, she said Graves violated the recording policy meant to protect student privacy. "The parent was not restricted from school property for expressing concerns, but rather due to a pattern of aggressive interactions with school staff and public commentary involving children other than her own," the statement to IndyStar reads. "As a school district, we have an obligation to protect the privacy and well-being of all students and to maintain a safe, respectful environment for staff and families." Nicole Graves asked to meet with Indian Springs Middle School principal, Wesley Mullett, after her daughter reported an incident on the school bus. In a video produced by Goldwater, Graves said her daughter's school bus driver was smacking his belt against his hand and had his underwear visible. Graves asked to meet with Mullett to ask about the incident and why she wasn't notified when her daughter reported the driver's behavior. She also previously had issues with other bus drivers in the district, Shelton said. Graves said she lost confidence in the school after hearing Mullett's explanations about the situation and later posted the meeting recording on social media. She decided to record the meeting so she could accurately recount what was said, according to Goldwater. Graves received a letter detailing punishments for violating the district's recording policy. She was asked to take down the audio clip, according to the letter. Goldwater argues Graves' Fourteenth Amendment rights to control her child's education were violated. Shelton said Graves should have been notified about her child's report of the bus driver, and there are concerns about her subsequent punishment limiting access to her daughter's education. In a letter sent to school officials in May, Shelton and Goldwater argue that the school's policy violates her rights to free expression. Though Graves is no longer banned from school grounds, Shelton said the think tank wants to see this policy rolled back. McDermott did not respond to an IndyStar question about the details of the policy and whether it is under review. The First Amendment extends to conduct that is inherently expressive, which courts have decided does include video and audio recordings in some cases. Goldwater's argument lands in a legal gray area. Shelton believes the right to record government officials is protected and argues that freedom should not be limited to a public setting if there are no other privacy concerns at play. "There's no meaningful constitutional difference between speaking about what happened at a meeting and recording what happened at a meeting," Shelton said. Still, there isn't clear case law on this issue. The USA TODAY Network - Indiana's coverage of First Amendment issues is funded through a collaboration between the Freedom Forum and Journalism Funding Partners.
Time of India
4 days ago
- Business
- Time of India
Did US just cloned Iranian Shahed? All about LUCAS, America's 'cheap and deadly' kamikaze drone
The United States has introduced a new low-cost combat drone aimed squarely at countering the growing threat of Iranian-designed Shahed-type drones used extensively by Russia in its ongoing war against Ukraine. Unveiled on July 16, 2025, at the Pentagon, the drone—LUCAS, or Low-Cost Uncrewed Combat Attack System—has been developed by Arizona-based defense contractor SpektreWorks . It is designed to provide a scalable and affordable option for tactical drone warfare, much like the Shaheds that have allowed Moscow to wage relentless air campaigns since late 2022. Explore courses from Top Institutes in Select a Course Category CXO Degree Operations Management Product Management Management Healthcare Data Science PGDM Others Artificial Intelligence others Data Science Cybersecurity MCA MBA Leadership Design Thinking Digital Marketing Data Analytics Public Policy Project Management healthcare Technology Finance Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details All about LUCAS drone LUCAS reportedly features a modular, open architecture that supports a range of mission types including strike, reconnaissance, and communications support. Its design allows for quick payload swaps and multiple launch options, such as rocket-assisted takeoff (RATO) or deployment from military vehicles. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo — clashreport (@clashreport) It can function either as a target drone or a combat UAV, and is built to be operated by non-specialized personnel, giving it a logistical advantage in fast-moving conflict zones. Live Events The drone supports autonomous collaborative missions and is compatible with the Multi-Domain Unmanned System Communication (MUSIC) network. This allows it to act as a communication relay, enhancing secure interoperability between US forces and allies in contested environments. According to Defence Security Asia, the drones weighing under 600 kg and are capable of operating at medium altitudes and extended ranges. Reportedly, it's price may fall to about USD 100,000, making it an economically viable platform to be fielded en masse. Interestingly, many on social media platform X said that the LUCAS drone looks identical to the Iranian drone. "Designed by a US defense startup, it's virtually identical to Iran's 'Shahed 136' and Russia's 'Geran-2' UAVs," said in a post. The unveiling comes amid Russia's intensifying use of Shahed-type drones to bombard Ukrainian infrastructure and military targets. In response, Ukraine has stepped up its efforts to produce and deploy interceptor drones, with President Volodymyr Zelensky's office confirming on June 21 that the country is rapidly expanding production of its own UAV defense systems. According to internal Ukrainian estimates seen by Reuters, drones accounted for 69% of strikes on Russian troops and 75% of strikes on vehicles and equipment in 2024. Kyiv's planned production this year of 30,000 long-range UAVs, designed to attack targets deep inside Russia such as arms depots and energy facilities.
Straits Times
5 days ago
- Business
- Straits Times
US solar panel makers seek tariffs on imports from Indonesia, India, Laos
Find out what's new on ST website and app. A group of solar panel manufacturers in the US has accused companies in Indonesia, India, Laos of dumping cheap goods on the market to undercut new American factories. WASHINGTON - A group of US solar panel manufacturers asked the Commerce Department on July 17 to impose tariffs on imports from Indonesia, India and Laos, accusing companies there of dumping cheap goods in the market to undercut new American factories. The petition is the latest effort by the small US solar manufacturing industry to seek trade relief to protect billions of dollars of recent investment and compete with goods produced mainly by Chinese companies overseas. The Alliance for American Solar Manufacturing and Trade, which filed the petition, includes Tempe, Arizona-based First Solar, Qcells, the solar division of Korea's Hanwha, and private companies Talon PV and Mission Solar. The group has succeeded previously in winning tariffs on imports from countries in South-east Asia including Malaysia, Cambodia, Vietnam and Thailand. Those tariffs were finalised earlier this year. The petition accuses companies of receiving unfair government subsidies and of selling their products below the cost of production in the United States. It says Chinese-owned companies shifted production from nations that received US tariffs to Indonesia and Laos and also accuses Indian-headquartered manufacturers of dumping cheap goods in the US. Top stories Swipe. Select. Stay informed. Singapore Driverless bus in Sentosa gets green light to run without safety officer in first for S'pore World US strikes destroyed only one of three Iranian nuclear sites, says new report Business 5 things to know about Kuok Hui Kwong, tycoon Robert Kuok's daughter and Shangri-La Asia head honcho Asia Air India probe into Boeing 787 fuel control switches finds no issues Singapore Man charged over manufacturing DIY Kpods at Yishun home; first such case in Singapore Singapore Sex first, then you can sell my flat: Women property agents fend off indecent proposals and harassment Singapore Two women jailed for submitting fake university certificates to MOM for employment passes Singapore Fatal abuse of Myanmar maid in Bishan: Traffic Police officer sentenced to 10 years' jail Imports from the three nations combined were US$1.6 billion (S$2 billion) in 2024, up from US$289 million in 2022, according to the petitioners. 'We have always said, vigorous enforcement of our trade laws is critical to the success of this industry,' Mr Tim Brightbill, lead attorney for the petitioners, said in a statement. Most of the solar panels installed in the US are produced overseas. But US solar manufacturing capacity has grown meaningfully since the 2022 Inflation Reduction Act provided tax credits as an incentive to reduce reliance on Chinese-made goods. Panel capacity reached 50 gigawatts this year, up from 7GW in 2020, according to the Solar Energy Industries Association (SEIA). That is still not enough capacity to supply the US solar market, which is expected to install nearly 43GW of projects a year through 2030, according to SEIA. The Commerce Department has 20 days to decide whether to initiate an investigation into whether to impose tariffs. The agency was not immediately available for comment. Anti-dumping and countervailing trade cases typically take about a year to result in finalised tariffs. REUTERS
Axios
7 days ago
- Politics
- Axios
Grijalva wins Arizona's 7th District Democratic nod
Adelita Grijalva cruised to victory in Tuesday's special primary election for Arizona's 7th Congressional District, dominating the five-candidate field, the Associated Press reported. Why it matters: The Democratic primary victory all but assures she'll win the U.S. House seat her father held for more than two decades. State of play: Grijalva, long viewed as the frontrunner in the five-way race, easily fended off an energetic challenge from Gen Z activist Deja Foxx with about 62% of the vote Tuesday night Foxx had 19% and former state Rep. Daniel Hernandez had 14%. Context: The district is heavily Democratic, meaning the primary winner will almost certainly win the Sept. 23 general election. Catch up quick: U.S. Rep. Raúl Grijalva died in March, triggering a special election in southwestern Arizona-based CD7, which runs from Tucson to Yuma and into the southwestern Phoenix area. He was elected to Congress in 2002 and held his seat for 22 years. Zoom in: Adelita Grijalva served for two decades on the Tucson Unified School District Board and spent four years on the Pima County Board of Supervisors. She touted her progressive credentials on the campaign trail and ran with the backing of prominent Democrats like U.S. Sens. Ruben Gallego and Mark Kelly, more than two dozen U.S. House members, various labor groups, and scores of state and local officials in Arizona. The intrigue: Foxx, a Gen Z influencer who boasts nearly 400,000 followers on TikTok and 245,000 on Instagram, campaigned as a new-generation leader.
