DailyIQ
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Sector:UtilitiesAll sectors
Last updated 9 minutes ago

PNW·Pinnacle West Capital Corporation

$.
+. (+.%)
After Hours
High
$108.28
Open
$106.90
Market Cap
13.10B
52W High
$110.41
Low
$106.90
P. Close
$108.11
P/E
20.03
52W Low
$85.32
Fwd P/E
19.41
DailyIQ Est.
$106.58
Technical Score (1D)
91
BUY
News Sentiment
55
BULLISH
Truist Securities has lifted its price target for Pinnacle West Capital to $107 from $105, a move that follows the company’s recent earnings beat and a more optimistic outlook for its utility operations. The upgrade signals that analysts now see stronger revenue growth and a healthier balance sheet, which could support a rally in the next 1–10 trading days. Because the target hike is based on solid earnings performance, traders should expect increased buying interest as the market digests the new valuation. The focus will shift to the upcoming earnings release, where any deviation from the upgraded guidance could quickly reverse the positive sentiment. In addition, investors should monitor updates on Pinnacle West’s renewable energy initiatives, as further expansion could justify the higher target and attract ESG‑focused capital. Watch for any changes in utility rate approvals or regulatory approvals that could affect cash flow projections. Keep an eye on broader utility sector dynamics, such as shifts in energy demand or interest rate movements, which could influence the valuation of all utility stocks. Finally, monitor macro‑economic data releases that might impact the cost of capital for utilities, as higher rates could dampen the upside potential.
Earnings Summary
Pinnacle West Capital Corporation (PNW) is an Arizona‑based regulated electric utility that generates, transmits, and distributes power using a mix of nuclear, natural gas, oil, coal, and solar assets, and operates energy‑storage facilities to support grid reliability. The company serves both retail and wholesale customers within the state, positioning it firmly within the utilities sector and the regulated electric industry. In the most recent quarters, PNW reported a Q4 2025 EPS of $0.13 versus an estimate of $0.0227, and a Q1 2026 EPS of $0.27 against an estimate of $1.50414, indicating a sharp decline in earnings momentum after a strong Q3 2025 result of $3.39 versus an estimate of $3.09096. Revenue mirrored this volatility, rising from $1,358.75 million in Q2 2025 to $1,820.74 million in Q3 2025, then falling to $1,128.17 million in Q4 2025 before modestly climbing to $1,149.60 million in Q1 2026; the company beat analyst EPS estimates in four of the last six quarters, missing only in Q1 2025 and Q1 2026. Over the past year, PNW’s revenue has grown modestly YoY—about 3 % from Q4 2024 to Q4 2025 and roughly 11 % from Q1 2025 to Q1 2026—while EPS has improved from a loss of $0.06 in Q4 2024 to a positive $0.13 in Q4 2025, underscoring a trend of turning losses into modest profits despite occasional misses. Recent analyst commentary has highlighted a series of price‑target upgrades—from Truist’s lift to $107, Jefferies’ to $129, and Barclays’ to $108—attributed to stronger revenue growth and a favorable regulatory backdrop, and the firm’s upcoming Q2 2026 earnings webcast is expected to shed light on rate‑setting prospects and renewable‑energy expansion plans. Investors should watch the Q2 2026 earnings release for guidance on cash flow and rate approvals, monitor any changes to the company’s dividend policy that could affect yield, and keep an eye on regulatory filings and macro‑economic signals that may influence future rate‑setting decisions.

EPS

EstBeatMiss
$-0.55$0.56$1.67$2.79$3.90Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.46 - -
Q1'26$1.50$0.27-82.0%
Q4'25$0.02$0.13+472.7%
Q3'25$3.09$3.39+9.7%
Q2'25$1.57$1.58+0.5%
Q1'25$0.02$-0.04-340.0%

Revenue

EstBeatMiss
$914M$1.2B$1.4B$1.7B$1.9BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.4B - -
Q1'26$1.4B$1.1B-17.6%
Q4'25$1.2B$1.1B-3.6%
Q3'25 - $1.8B -
Q2'25 - $1.4B -
Q1'25 - $1.0B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

PNW Stock Snapshot

PNW is currently trading at $108.12, giving Pinnacle West Capital Corporation a market cap of 13.10B and a P/E ratio of 20.0. Today's range spans $106.90–$108.28, with shares opening at $106.90 and moving up $0.01 (0.0%) from the prior close. DailyIQ's technical score sits at 91/100 (BUY) with a news sentiment reading of 55/100.

Over the past year PNW has traded between $85.32 and $110.41 - the current price is +26.7% off the 52-week low and -2.1% from the high. 24 analysts cover the stock with a Hold consensus and a mean 12-month target of $105.79 (range $87.00–$129.00), implying downside of -2.2%.

PNW is scoring 91/100 technically (BUY) and sits at $108.12 - near 52-week highs in its $85.32–$110.41 annual range. Sentiment at 55/100 is neutral. At 13.10B in Utilities market cap The current P/E ratio stands at 20.0., this is the tier where earnings revision cycles have the most impact on price: upward revisions in a large-cap company with bullish momentum tend to attract analyst upgrades, which in turn attract new institutional mandates.

The combination of a BUY signal (91/100) and neutral news sentiment (55/100) puts PNW on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 13.10B in Utilities market cap without immediately moving the stock. At $108.12 (near 52-week highs in the $85.32–$110.41 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.