Pinnacle West Capital CorporatiNYSE: PNW
Utilities · Multi-Utilities
$103.92
+0.19%
Vol: 936K
Research Digest
Friday, May 1, 2026
Earnings May 4 amid $694M APS rate case; consensus expects loss of $0.08/share
Pinnacle West Capital preparing for May 4 earnings report with analyst consensus expecting loss of $0.08/share. Arizona Public Service subsidiary seeking $694M revenue increase (14.75% bill impact) in pending rate case that dominates earnings narrative. Stock at $102.41, near 52-week high of $104.92. Dividend of $0.91 ex-date May 4. Analyst consensus Hold with mixed 4 Buy, 13 Hold, 1 Sell; PT $105.57. Key risk: rate case outcome heavily impacts guidance.
Previous Market Intelligence
13 daysApr 30Pinnacle West hits 52-week high on credit facility expansion and data center demandPositive▶
Pinnacle West Capital hit a new 52-week high after expanding its unsecured revolving credit facility to $300M, buoyed by robust power demand from data centers and manufacturers in Phoenix. Full-year 2025 net income was $616.5M ($5.05 per share), with 2026 guidance targeting $4.55-$4.75 per share and a new dividend of $0.91. A 20 GW backlog of uncommitted interconnection requests signals substantial upside potential. Analyst sentiment is mixed with bullish price targets clustering around $96-$109, though the average 12-month target of $98.17 suggests -4.57% downside from current levels.
Apr 16Pinnacle West Capital hit 52-week high after expanding credit facility to $300M; 20 GW data center backlogPositive▶
Pinnacle West Capital expanded its unsecured revolving credit facility to $300 million, supporting growth investments. Company reported FY2025 consolidated net income of $616.5 million ($5.05 per diluted share) with Q4 operating revenue up 3% YoY to $1.1 billion. Management reaffirmed FY2026 earnings guidance range of $4.55-$4.75. Stock hit new 52-week high with analyst price target increases from Barclays (raised to $101 from $97) and Morgan Stanley (raised to $99 from $96). Large backlog of 20 GW in uncommitted customer interconnection requests, driven by data center and manufacturer demand.
Apr 15Argus Research raised Pinnacle West price target to $106 from $95 on April 14; company hit 52-week high.Positive▶
Argus Research raised its price target on Pinnacle West Capital to $106 from $95 on April 14, maintaining a Buy rating amid confidence in the utilities sector. PNW recently hit a new 52-week high after expanding its unsecured revolving credit facility to $300 million. Arizona's data center boom and industrial customer growth signal strong upside potential. Stock at $102.63 with 16.44% YTD return.
Apr 14Pinnacle West scheduled Q1 2026 earnings for May 4; Barclays raised price target to $101 from $97.Neutral▶
Pinnacle West announced Q1 2026 results release on May 4 before market open. Barclays raised price target to $101 from $97 on March 31. Company has returned to profitability in Q4 2025, reaffirmed 2026 earnings guidance. Stock up 13.40% over the year; consensus analyst rating is Hold with $98.17 average target.
Apr 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 10Pinnacle West Q1 results due May 4; stock up 0.65% with Barclays price target raise to $101.Neutral▶
Pinnacle West Capital announced Q1 2026 results for May 4 before market open. Barclays raised price target to $101 from $97 on March 31 with Hold rating. Stock closed at $101.28 on April 9. 13 analysts maintain average Hold rating with $98.17 target. Stock momentum cooled after a 6-day winning streak in early April.
Apr 9Pinnacle West delivers strong 2025 earnings in upper guidance range; FY26 outlook 4.55-4.75.Neutral▶
Pinnacle West reported full-year 2025 consolidated net income of $616.5M ($5.05 per diluted share) in upper half of guidance. Customer growth achieved 2.4%, at high end of range. Barclays raised price target from $97 to $101 March 31 with Equal Weight rating. Oak Thistle increased stake 251% in Q4. Company advancing Arizona nuclear license renewal. Q1 2026 results due May 4, 2026. FY2026 guidance $4.55−$4.75. Current price $101.28, up 0.65% daily, 2.81% weekly, 8.56% monthly, 11.52% annually. Avg analyst target $98.17 indicates 4.57% downside. Thirteen analysts rate stock Hold.
Apr 8Pinnacle West Capital reported Q4 2025 profit compared with year-ago loss, benefiting from strong power demand and higher electricity rates.Positive▶
Pinnacle West reported consolidated net income of $616.5 million ($5.05 per diluted share) for FY2025 versus $608.8 million ($5.24 per share) FY2024. Q4 2025 showed turnaround with $15.4 million profit versus $6.8 million loss year-ago. FY2026 guidance of $4.55-$4.75 earnings. Stock price at $101.28, up 0.65% in 24h, up 11.52% YTD. Arizona growth and data center influx supporting volumetric upside. According to 17 analysts, Moderate Buy with mean target of $103.07 indicating 5.6% upside.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6FY2025 EPS beat Q4; reaffirms 2026 guidance $4.55-$4.75.Positive▶
Pinnacle West reported FY2025 net income $616.5M ($5.05 EPS), down 4% from 2024. Q4 EPS $0.13 beat $0.0335 est. by 288% despite revenue miss. Reaffirmed 2026 guidance $4.55-$4.75 EPS with 4-6% weather-normalized growth.
Apr 3Barclays raises price target to $101 on reaffirmed 2026 guidance and strong Arizona demand growth.Positive▶
Pinnacle West Capital returned to profitability in Q4 2025 and reaffirmed its 2026 EPS guidance of 4.55-4.75. The company highlighted record Arizona demand with strong commercial and industrial customer interest. Barclays upgraded its price target from $97 to $101 with an equal weight rating. The company secured a larger $300 million revolving credit facility.
Apr 2Pinnacle West Capital reports FY2025 net income of $616.5 million; lowers FY2026 EPS guidance to 4.55-4.75 range.Mixed▶
Pinnacle West Capital reported consolidated net income of $616.5 million ($5.05 per diluted share) for full-year 2025. The company lowered FY2026 EPS guidance to 4.55-4.75, below consensus estimate of 4.80, citing regulatory execution and earnings outlook challenges. Q4 2025 showed net income of $15.4 million. Barclays raised price target to $97 from $90. Analyst consensus remains Moderate Buy with mean price target of $103.07.
Apr 1Pinnacle West reports 2025 EPS of $5.05, down 4% due to cooler summer; reaffirms 2026 guidance of $4.55-$4.75.Mixed▶
Pinnacle West reported 2025 consolidated net income of $616.5M ($5.05 EPS), down 4% from 2024. Reaffirmed 2026 guidance of $4.55-$4.75 EPS. Barclays raised PT to $97, BMO Capital to $107.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PNWPINNACLE | $103.92 | +0.19% | +1.2% | 18.6x | 0.48 | $12.6B |
| NEENEXTERA | $97.22 | -0.67% | +5.5% | 22.3x | 0.73 | $204.1B |
| SRESEMPRA | $94.87 | -0.26% | -3.0% | 17.2x | 0.68 | $62.1B |
| DDOMINION | $63.83 | -1.04% | +3.7% | 16.9x | 0.66 | $56.7B |
| XELXCEL | $82.67 | -0.34% | +3.2% | 18.3x | 0.44 | $51.8B |
| EDCONSOLIDATED | $110.85 | -0.57% | -2.7% | 17.2x | 0.34 | $41.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.