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PNW

Pinnacle West Capital Corporation

PNW

NYSE·Utilities·Regulated Electric·Mkt cap $12.9B

$109.37

+2.89%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$85.32 - $109.52

P/E

20.40

Fwd P/E

23.41

Beta

0.44

Div Yield

3.41%

Avg Vol

1.2M

Shares Out

121.0M

Mkt Cap

$12.9B

Price action

Price chart

Up 17.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Extensive Regional Infrastructure
  • Diversified Energy Generation Mix
  • Regulated Utility Market Position
  • Strong Local Customer Base

Bear Case

2 risks

  • Low volatility (beta 0.4).
  • Premium valuation to Electric Utilities peers

Growth

Stable outlook

Renewable Energy Transition

Value

Premium valuation to Electric Utilities peers

Momentum

Stable

+3.5% over 3m

Quality

Strong

Excellent business quality

Dividend

Solid

3.41% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of $0.27 vs -$0.03 consensus (+1000.0% surprise). Revenue of $1.1B vs $1.1B expected (+6.0%). Beat on both top and bottom lines.

EPS beat +1000.0%
Rev beat +6.0%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1000.0%

Next: Apr 29, 2026

Revenue trend · last 8Q

+10%

+8%

+4%

+3%

+3%

+11%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.3B

$1.8B

$1.1B

$1.0B

$1.4B

$1.8B

$1.1B

$1.1B

Margins · last 8Q

Gross

Operating

Profit

2.9%

Wall Street consensus

8 analysts · 13% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

13%

Hold

7

88%

Sell

0%

Median Price Target

$105.00

-4.0% vs $109.37

Low $92.00
Median $105.00
High $108.00

Latest: Truist · $105.00 · May 29, 2026

5 analysts covering

vs Industry

How PNW stacks vs Regulated Electric

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.